CA Final • Paper 1 • Financial Reporting
FR Formula & Calculation Sheet
Interactive formula revision, calculation practice and quick testing for CA Final Financial Reporting. Organised according to the Financial Reporting syllabus applicable from May 2026 onwards.
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Chapters
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Modules
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Formula Areas
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Practice Areas
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Module 1
Introduction, conceptual framework, presentation, measurement and revenue
1
Introduction to Indian Accounting Standards
Ind AS framework and applicability
REVISION
Ind AS Identification & Framework
Focus on scope, applicability, interaction of standards and financial reporting framework.
Calculation Focus
Identify the applicable Ind AS before applying the measurement or
presentation requirement.
2
Conceptual Framework for Financial Reporting under Ind AS
Recognition, measurement and qualitative characteristics
CALCULATION
Measurement Bases
Core Revision
Historical Cost • Current Cost • Fair Value • Value in Use /
Fulfilment Value
Use the measurement basis specified by the applicable Ind AS.
3
Ind AS on Presentation of General Purpose Financial Statements
Ind AS 1 • Ind AS 34 • Ind AS 7
CASH FLOW
Cash Flow Statement
Cash & Cash Equivalents
Closing Cash & Cash Equivalents =
Opening Cash & Cash Equivalents + Net Change in Cash
Net Cash Flow
Operating Activities + Investing Activities + Financing Activities
INTERIM
Interim Reporting
Interim Calculation
Current interim-period information is considered together with
the requirements applicable to interim financial reporting.
4
Ind AS on Measurement based on Accounting Policies
Ind AS 8 • Ind AS 10 • Ind AS 113
FAIR VALUE
Fair Value Measurement
Fair Value
Price that would be received to sell an asset or paid to transfer
a liability in an orderly transaction between market participants
at the measurement date.
EVENTS
Events after Reporting Period
Revision Approach
Determine whether the event provides evidence of conditions existing
at the reporting date or represents a condition arising subsequently.
Module 2
Assets and other Indian Accounting Standards
5
Ind AS on Assets of the Financial Statements
Ind AS 2 • 16 • 23 • 36 • 38 • 40 • 105 • 116
IND AS 2
Inventories
Inventory Measurement
Inventory = Lower of Cost and Net Realisable Value
NRV
NRV = Estimated Selling Price − Estimated Costs of Completion
− Estimated Costs Necessary to Make the Sale
Practice: Lower of Cost and NRV
Practice
IND AS 16
Property, Plant and Equipment
Depreciable Amount
Depreciable Amount = Cost − Residual Value
Straight-Line Depreciation
Depreciation = (Cost − Residual Value) ÷ Useful Life
Practice: Straight-Line Depreciation
Practice
IND AS 23
Borrowing Costs
Capitalisation Rate
Capitalisation Rate =
Weighted Average Borrowing Cost applicable to general borrowings
Eligible Borrowing Cost
Average Qualifying Expenditure × Applicable Capitalisation Rate
IND AS 36
Impairment of Assets
Recoverable Amount
Recoverable Amount = Higher of Value in Use and
Fair Value Less Costs of Disposal
Impairment Loss
Impairment Loss = Carrying Amount − Recoverable Amount
Practice: Impairment Loss
Practice
IND AS 38
Intangible Assets
Amortisable Amount
Cost − Residual Value
Straight-Line Amortisation
Amortisable Amount ÷ Useful Life
IND AS 40
Investment Property
Carrying Amount
Cost less accumulated depreciation and impairment,
where applicable under the applicable measurement model.
IND AS 105
Non-current Assets Held for Sale
Measurement
Lower of Carrying Amount and Fair Value Less Costs to Sell
IND AS 116
Leases
Lease Liability
Lease Liability = Present Value of Lease Payments
Interest
Interest Expense = Opening Lease Liability × Discount Rate
Closing Liability
Closing Lease Liability =
Opening Liability + Interest − Lease Payments
Module 3
Liabilities, tax, disclosures and related reporting areas
6
Ind AS on Liabilities of the Financial Statements
Ind AS 19 • Ind AS 37
IND AS 19
Defined Benefit Plans
Net Defined Benefit Liability / Asset
Present Value of Defined Benefit Obligation −
Fair Value of Plan Assets
IND AS 37
Provisions
Provision
Best Estimate of the Expenditure Required to Settle
the Present Obligation at the Reporting Date
7
Ind AS on Items Impacting Financial Statements
Ind AS 12 • Ind AS 21
IND AS 12
Deferred Tax
Temporary Difference
Temporary Difference = Carrying Amount − Tax Base
Deferred Tax
Deferred Tax = Temporary Difference × Applicable Tax Rate
Practice: Deferred Tax
Practice
IND AS 21
Foreign Exchange
Translated Amount
Foreign Currency Amount × Applicable Exchange Rate
8
Ind AS on Disclosures in Financial Statements
Ind AS 24 • Ind AS 33 • Ind AS 108
IND AS 33
Basic EPS
Basic EPS
Profit Attributable to Ordinary Equity Holders ÷
Weighted Average Number of Ordinary Shares
Practice: Basic EPS
Practice
IND AS 108
Operating Segments
Segment Reporting
Assess reportable operating segments using the applicable
quantitative thresholds and aggregation requirements.
Module 4
Revenue, other standards and financial instruments
9
Ind AS 115 – Revenue from Contracts with Customers
Revenue recognition and transaction price allocation
TRANSACTION PRICE
Allocation of Transaction Price
Relative Stand-alone Selling Price
Allocation =
Transaction Price × Stand-alone Selling Price ÷
Total Stand-alone Selling Prices
Practice: Transaction Price Allocation
Practice
REVENUE
Five-Step Revenue Model
Revision Sequence
Contract → Performance Obligations → Transaction Price →
Allocation → Recognition
10
Other Indian Accounting Standards
Ind AS 41 • Ind AS 20 • Ind AS 102
IND AS 41
Agriculture
Biological Assets
Fair Value Less Costs to Sell
IND AS 20
Government Grants
Revision
Recognise and present government grants in accordance with
the conditions and requirements of the applicable standard.
IND AS 102
Share Based Payment
Equity-settled Award
Fair Value of Equity Instruments Granted is used as the
measurement basis subject to the standard's requirements.
11
Accounting and Reporting of Financial Instruments
Classification • Measurement • EIR • Derivatives • Hedge Accounting
EIR
Effective Interest Method
Interest Income / Expense
Opening Carrying Amount × Effective Interest Rate
Closing Carrying Amount
Opening Carrying Amount + Effective Interest −
Cash Flow / Payment
Practice: Effective Interest
Practice
PRESENT VALUE
Present Value
PV of Future Cash Flow
PV = Future Cash Flow ÷ (1 + r)n
Practice: Present Value
Practice
CLASSIFICATION
Financial Assets
Classification Framework
Business Model + Contractual Cash Flow Characteristics
EXPECTED CREDIT LOSS
ECL
Expected Credit Loss
Probability-weighted estimate of credit losses,
considering relevant cash shortfalls and time value of money.
DERIVATIVES
Derivative Measurement
Fair Value
Derivative financial instruments are generally measured at fair value
subject to the requirements of the applicable standard.
HEDGE ACCOUNTING
Hedge Relationships
Revision Focus
Identify hedged item • Hedging instrument • Type of hedge •
Effective / ineffective portions and applicable accounting treatment
Module 5
Business combinations, consolidation, first-time adoption, analysis, ethics and technology
12
Ind AS 103 – Business Combinations
Consideration • NCI • Goodwill • Bargain Purchase
GOODWILL
Goodwill Calculation
Acquisition Method
Goodwill =
Consideration Transferred + NCI + Previously Held Interest −
Net Identifiable Assets Acquired
Practice: Goodwill
Practice
13
Consolidated and Separate Financial Statements of Group Entities
Subsidiaries • Associates • Joint Arrangements • Consolidation
CONSOLIDATION
Unrealised Profit
Group Perspective
Unrealised Profit =
Transfer Price − Cost to Group
Practice: Unrealised Profit
Practice
EQUITY METHOD
Associate / Joint Venture
Investment Carrying Amount
Opening Carrying Amount + Investor's Share of Profit/Loss
+ Other Applicable Adjustments − Distributions
NCI
Non-controlling Interest
Revision
Determine NCI according to the applicable measurement approach
and consolidation requirements.
14
Ind AS 101 – First-time Adoption of Ind AS
Transition adjustments and exemptions
TRANSITION
Opening Ind AS Balance Sheet
Revision Approach
Recognise • Derecognise • Reclassify • Remeasure
15
Analysis of Financial Statements
Financial analysis and ratio calculations
LIQUIDITY
Current Ratio
Current Ratio = Current Assets ÷ Current Liabilities
LIQUIDITY
Quick Ratio
Quick Ratio =
Quick Assets ÷ Current Liabilities
PROFITABILITY
Gross Profit Ratio
Gross Profit Ratio =
Gross Profit ÷ Revenue from Operations × 100
PROFITABILITY
Net Profit Ratio
Net Profit Ratio =
Net Profit ÷ Revenue from Operations × 100
SOLVENCY
Debt-Equity Ratio
Debt-Equity Ratio = Debt ÷ Equity
EFFICIENCY
Inventory Turnover
Inventory Turnover =
Cost of Goods Sold ÷ Average Inventory
16
Professional and Ethical Duty of a Chartered Accountant
Professional conduct and ethical requirements
REVISION
Professional & Ethical Responsibilities
Calculation
No numerical formula — focus on the applicable professional,
ethical and disciplinary requirements.
17
Accounting and Technology
Technology-enabled accounting and financial reporting
REVISION
Accounting & Technology
Calculation
Technology-related accounting concepts are revised through
application, interpretation and accounting-process understanding.
Quick Test – FR Formula Challenge
Test yourself across the calculation-heavy areas.
Question 1 of 15
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