Core Subjects/Syllabus* 

*Semester 1: Advanced Financial Accounting* 

1. *International Financial Reporting Standards (IFRS)* 

   - IFRS framework and key standards (IAS 1, IAS 16, IFRS 9, IFRS 15). 

   - Financial statement preparation (balance sheet, income statement, cash flow statement). 

 

2. *Corporate Financial Reporting* 

   - Consolidated financial statements (subsidiaries, joint ventures, associates). 

   - Accounting for mergers, acquisitions, and group reorganizations. 

 

3. *Cost and Management Accounting* 

   - Activity-based costing (ABC), marginal costing, and budgeting. 

   - Variance analysis and performance measurement. 

 

4. *Audit and Assurance* 

   - Audit planning, risk assessment (ISA 315), and internal controls. 

   - Audit evidence, reporting, and ethical standards (IESBA Code). 

 

5. *Business and Corporate Law* 

   - Contract law, company law, and corporate governance (OECD principles). 

   - Legal frameworks for financial compliance (SOX, Companies Act). 

 

*Semester 2: Taxation and Financial Management* 

6. *Advanced Taxation* 

   - Corporate tax planning (deferred tax, tax avoidance vs. evasion). 

   - Indirect taxes (GST/VAT, customs duties) and international taxation (BEPS). 

 

7. *Financial Management* 

   - Capital budgeting (NPV, IRR), working capital management, and dividend policy. 

   - Financial risk management (hedging, derivatives, forex risk). 

 

8. *Ethics and Professional Responsibility* 

   - Ethical dilemmas in accounting (fraud, whistleblowing). 

   - Case studies: Enron, Satyam, and Lehman Brothers. 

 

9. *Accounting Information Systems (AIS)* 

   - ERP systems (SAP FICO, Oracle Financials). 

   - Automation in accounting (AI, blockchain, robotic process automation). 

 

10. *Strategic Business Reporting* 

    - Integrated reporting (IIRC framework) and ESG disclosures. 

    - Analysing financial statements for strategic decision-making. 

 

*Semester 3: Specializations and Practical Applications* 

11. *Forensic Accounting and Fraud Detection* 

    - Fraud schemes (asset misappropriation, financial statement fraud). 

    - Digital forensics and data analytics for fraud investigation. 

 

12. *Public Sector Accounting* 

    - IPSAS (International Public Sector Accounting Standards). 

    - Government budgeting and fund accounting. 

 

13. *Global Financial Markets* 

    - Role of stock exchanges, investment banking, and regulatory bodies (SEBI, SEC). 

    - Financial instruments (bonds, equities, derivatives). 

 

14. *Advanced Auditing Techniques* 

    - Data analytics in auditing (CAATs, ACL, IDEA). 

    - Sustainability audits and compliance reporting. 

 

15. *Capstone Project/Internship* 

    - Real-world accounting project (e.g., preparing IFRS-compliant reports for a mock M&A). 

    - Internship with accounting firms, corporate finance departments, or audit agencies. 

 

*Elective Subjects (Vary by Institution) * 

- *Insolvency and Bankruptcy Laws* 

- *Sustainability Accounting (CSRD, TCFD) * 

- *Fintech and Cryptocurrency Accounting* 

- *Nonprofit Accounting* 

- *Advanced Excel and Power BI for Accountants* 

 

*Assessment Methods* 

- *Practical Exams*: Preparing financial statements, tax returns, and audit reports. 

- *Case Studies*: Solving ethical dilemmas or forensic accounting scenarios. 

- *Written Exams*: Theory on IFRS, taxation, and corporate law. 

- *Capstone Project*: Presentation of financial analysis or audit findings. 

- *Internship Evaluation*: Performance review by industry mentors.