Professional Documents
Culture Documents
FAR2 Grid
FAR2 Grid
levels Testing levels
Syllabus
Learning Outcomes Grid
Ref.
A Preparation of financial statements
Apply the principles, laws and concepts with respect to preparation and presentation of the following:
Statement of financial position
Statement of comprehensive income
1 Statement of changes in equity P2 T2
Notes to the financial statements
25‐35
Calculate goodwill and consideration transferred in case of business combinations.
i
2 P2 T2
Calculate value of Investment in associates as per equity method of accounting.
h
3 P2 T2
4
Prepare and present consolidated statements of financial position and consolidated statement of
comprehensive income involving a single subsidiary and associate.
P2
a c T2
B Accounting for non‐current Assets
Apply the principles and concepts with respect to recognition, classification and measurement of
financial instruments including preparation of journal entries (excluding impairment, reclassification,
a r
K
1 P2 T1
derivatives, embedded derivatives, hedge accounting, de‐recognition and modification).
2 Leases (Excluding modification, sale and lease back and reassessment).
e
Apply the principles and concepts for recognition, measurement, presentation and disclosure of
t P2 T2
u
25‐35
t
Apply the principles and concepts for recognition and measurement of intangible assets and expense;
i
3 and measurement after recognition and disclosure of intangible assets (including website costs). P2 T2
s t
Apply the principles and concepts for recognition, measurement at and after recognition and
disclosure of biological assets, agriculture produce and government grants related to a biological P2 T1
n
asset.
C
a
1
Ethics
- I
Ethics and other areas of Non‐Current Assets.
Describe with simple examples the fundamental principles of professional ethics.
P2 T1
2
S
Apply the conceptual framework to identify, evaluate and address threats to compliance with
n
fundamental principles.
P2 T1
K
Explain using simple examples the ethical responsibilities of a Chartered Accountant in preparation
3 P2 T1
and reporting of financial information.
b Other areas of non‐current assets
Apply the principles and concepts with respect to disclosure and measurement of operating and
1 P2 T1
reportable segments.
Apply the principles and concepts for recognition, measurement and disclosure of adjusting and non‐
2 P2 T2 34‐45
adjusting events after the reporting period.
Apply the principles and concepts for recognition, measurement and disclosure of Provisions,
3 P2 T2
Contingent liabilities and Contingent assets.
Apply the principles and concepts of recognition, measurement, presentation and disclosure of
4 Revenue from contracts. P2 T2*
Apply the principles and concepts for recognition, measurement and disclosure of current tax
5 and deferred tax asset and liability (excluding Business Combinations) P2 T2
Apply principles and concepts in respect of effect of changes in foreign exchange rates on foreign
6 currency transactions. P2 T1
*Any new topic included in the syllabus will be tested in the first attempt at testing level 1
Hassaan Khanani - ACA , Whose Students have Secured Gold Medals (MA) in last two consecutive attempts of FAR2