Corporate Financial Reporting (CFR) | CRACKER

Book Type: CMA Final Paper 18 Corporate Financial Reporting – CRACKER Practice & Revision Book

Syllabus: ICMAI Syllabus 2022

Edition: 3rd Edition | June 2026

Author: CA. Tarun Agarwal

Key Highlights:

• Fully solved past-exam questions through June 2026 with around 340 solved questions and 430+ exam-attempt tags
• Questions tagged with examination attempt and marks for understanding examiner coverage and expected answer length
• Module/Chapter-wise marks distribution and trend analysis covering seven sittings from June 2023 to June 2026
• Tabular A Quick Review summary in every chapter covering key concepts, definitions, recognition, measurement and disclosure
• Module-wise comparison with the ICMAI/CMA Study Material for seamless cross-referencing
• Questions classified into Objective, Theory and Numerical/Practical categories for focused practice
• Detailed model solutions with 120+ working notes for practical problems
• Two full module-wise solved papers covering December 2025 and June 2026 attempts
• Strictly aligned with the eight prescribed modules of the CMA Final Paper 18 syllabus

Content Coverage:

• Module 1 – Specific Accounting Standards (Ind AS)
• Module 2 – Valuation of Shares
• Module 3 – Accounting of Financial Instruments
• Module 4 – NBFCs: Provisioning Norms, Accounting and Reporting
• Module 5 – Accounting for Business Combination and Restructuring
• Module 6 – Consolidated & Separate Financial Statements
• Module 7 – Recent Developments in Financial Reporting
• Module 8 – Government Accounting in India

Module 1 – Specific Accounting Standards:

• Accounting Policies, Changes in Accounting Estimates & Errors (Ind AS 8)
• Income Taxes (Ind AS 12)
• Property, Plant & Equipment (Ind AS 16)
• Leases (Ind AS 116)
• The Effects of Changes in Foreign Exchange Rates (Ind AS 21)
• Borrowing Costs (Ind AS 23)
• Impairment of Assets (Ind AS 36)
• Intangible Assets (Ind AS 38)
• Share-Based Payment (Ind AS 102)
• Operating Segments (Ind AS 108)
• Fair Value Measurement (Ind AS 113)
• Revenue from Contracts with Customers (Ind AS 115)

Book Structure:

• Diagnostic front matter with Module-wise Marks Distribution, Previous Exams Trend Analysis and Module-wise Comparison with the Study Material
• Chapter-level A Quick Review with pointwise and tabular summaries for rapid conceptual revision
• Past examination questions grouped into Objective, Theory and Numerical/Practical categories with examination references and marks
• Suggested answers with detailed working notes for practical and numerical problems
• December 2025 and June 2026 papers reproduced module-wise with complete suggested answers
• Plan, revise, practise and test approach designed to build speed and accuracy for examination preparation