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CMA Final Corporate Financial Reporting (CFR) Amendments

Recently ICMAI released a notification regarding various amendments applicable for CMA Intermediate and CMA Final. Following are the various amendments applicable for CMA Final Corporate Financial Reporting (CFR) Subject. We have made a comparison between what has been added or deleted for the upcoming CMA Final CFR Exam.

CMA Final Corporate Financial Reporting Amendments – Official Notification

Also, refer CMA Final Study Plan for proper guidance in CMA Final exam preparations.

CMA Final Corporate Financial Reporting Amendments – Applicable Books

After providing amendments institute will update the modules which will be applicable for the upcoming exams. Here is the link to download various CFR study materials and amended notes.

CMA Final Corporate Financial Reporting Amendments – December 2020

Topic
Amendment
Study Note 1: Accounting Standards
Generally Accepted Accounting Principles in IndiaAs given in August 2019 Edition
Overview of Accounting StandardsAs given in August 2019 Edition
International Financial Reporting StandardsAs given in August 2019 Edition
Applicability of Indian Accounting StandardsAs given in August 2019 Edition
Overview of Indian Accounting Standards (Ind AS)Newly added Ind AS 40, 115 and 116
Study Note 5: Valuation, Accounting and Reporting of Financial Instruments and Others
Recognition & Valuation of Financial Instruments (Ind AS-32, Ind AS-107 & Ind AS-109)As given in August 2019 Edition
Goods and Services Tax (GST) AccountingAs given in August 2019 Edition
NBFC – Provisioning Norms and AccountingAmended
Valuation of SharesAmended
Valuation of SharesNewly added Ind AS 40, 115 and 116

CMA Final Corporate Financial Reporting Amendments – June 2020

Click here for June 2020 CFR amendments.

Any change will be updated here. Follow CMA Final Study Plan for scoring good marks in CMA Final CFR and other subjects.

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