CAF- 06 Corporate Reporting Study Text - ICAP (2025-26)

CAF-06 Corporate Reporting Study Text
Publisher: ICAP

🔹 Introduction:
CAF-06 Corporate Reporting Study Text is an official ICAP publication designed for students preparing for Chartered Accountancy exams. It provides a comprehensive understanding of International Financial Reporting Standards (IFRS), accounting frameworks, and ethical issues in financial reporting.

🔑 Key Points

• Covers major IAS, IFRS, and IFRIC standards relevant to corporate reporting.

• Provides conceptual clarity with practical illustrations and exam-focused notes.

• Detailed guidance on financial instruments and leases under IFRS 9 & IFRS 16.

• Includes foreign currency transactions and their treatment under IAS 21.

• Explains revenue recognition principles as per IFRS 15.

• Covers consolidated financial statements and investment accounting.

• Focuses on operating segments reporting under IFRS 8.

• Provides analysis of earnings per share and IAS 33 applications.

• Dedicated chapter on interpretation of financial statements.

• Emphasizes ethics in financial reporting and regulatory frameworks.

📑 Table of Contents

1. IAS 10, IAS 37 & IFRIC 1

2. Financial Instruments

3. IFRS 16 – Leases

4. IAS 21 – Foreign Currency Transactions

5. IFRS 15 – Revenue from Contracts with Customers

6. IFRS 8 – Operating Segments

7. IAS 12 – Income Taxes

8. Regulatory Framework of Accounting

9. Consolidation

10. Investment in Associate

11. IAS 33 – Earnings per Share

12. Interpretation of Financial Statements

13. Ethical Issues in Financial Reporting

📝 Conclusion

The CAF-06 Corporate Reporting Study Text (ICAP) is a vital resource for CA students, offering clear guidance on international accounting standards, corporate reporting frameworks, and ethical considerations. It ensures exam readiness and professional competence in financial reporting.