CA Final Financial Reporting MTP January 2026: Question Paper and Solutions

How to Prepare for CA Final Financial Reporting

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Question directory and available solutions

33 indexed questions. Open a question to read its full statement and available answer.

1. X Ltd. is engaged in many businesses for which it is in the process of acquiring fixed assets and intangible assets. X Ltd. prepares its financial…
2. PQR Ltd. is engaged in providing a wide range of telecommunications services, including mobile connectivity, broadband and enterprise network…
3. ABC Ltd. prepares consolidated financial statements up to 31st March each year. On 1st July 20X1, ABC Ltd. acquired 75% of the equity shares of JKL…
4. On 1st April, 20X1, S Ltd. issued 30,000 6% convertible debentures of face value of 100 per debenture at par. The debentures are redeemable at a…
5. P Limited and S Limited are in business of manufacturing garments. P Limited holds 30% of equity shares of S Limited for last several years. P…
6. On 1st April, 20X1, a bank provides an entity with a four-year loan of 5,000 on normal market terms, including charging interest at a fixed rate of…
7. Charm Limited (the 'Company') is a manufacturing company, which is into manufacturing of wires and cables and has assessed its operating cycle to be…
8. On 1st April 20X3, Jackson Ltd. purchased some land for 10 million. Jackson Ltd. purchased the land in order to build a Plant for manufacturing…
9. On 1st April 20X1, A Ltd. acquired 12 Cr shares (representing 80% stake) in B Ltd. by means of a cash payment of 25Cr. It is the group policy to…
10. Sewa Dairy Limited prepares financial statements on 31st March each year. On 1st April 20X0 the Company carried out the following transactions:…
11. PQR Ltd. is the company which has performed well in the past but one of its major assets, an item of equipment, suffered a significant and…
12. Big Deal Ltd. is a marketing company having its departmental stores in 'A' class city of India. The company sells the diversified products. For the…
13. Special Limited is a multinational entity that owns 3 properties. All 3 properties were purchased on 1st April, 20X0. The following details were…
14. Company X has identified one of its division (disposal group) to be sold to a prospective buyer and the Board has approved the plan to sell the…
15. Discuss how "Cloud Computing" has positively impacted the accounting function and list out the challenges faced by the users of it in cloud…
16. ABC Ltd. is a long-standing customer of XYZ Ltd. Mrs. P whose husband is a director in XYZ Ltd. purchased a controlling interest in entity ABC Ltd.…
17. You are required to analyse the following cases and advise whether they are related with prior period errors or change in accounting estimate. (a)…
18. Z Ltd. is engaged in manufacturing of Automobiles with its registered office in Pune and is listed on the Bombay Stock Exchange. It also owns a…
19. C Ltd. is preparing its financial statements for the year ended 31 March 20X4. The Board is scheduled to approve the financial statements on 30th…
20. ABC Ltd. acquired an asset 3 years ago at a cost of 5 million. The depreciation method adopted for the asset was 10 percent reducing balance method.…
21. Grapes Ltd. is one of the recently acquired subsidiaries of Apple Ltd. during 20X3-20X4. Grapes Ltd. has to adopt Ind AS for the first time as at…
22. Artificial Intelligence (AI) and Machine Learning (ML) are technologies that enable computers to learn and perform tasks without being explicitly…
23. Bulldozer Ltd. is engaged in the business of manufacturing of heavy bulldozers, which are mainly used to dismantle the buildings and concrete…
24. Vidhi Bank agreed on 15th April, 20X1 to sell USD ($) 60,000 to Satvik Limited in the future date (i.e.) on 31st March, 20X2 for a rate equal to…
25. ABC Ltd. acquired 5% equity shares of XYZ Ltd. for 10 crores in the year 20X1-20X2. The company is in process of preparing the financial statements…
26. K Ltd. began construction of a new building at an estimated cost of 7 lakh on 1st April, 20X1. To finance construction of the building it obtained a…
27. X Ltd. is engaged in the construction industry and prepares its financial statements up to 31st March each year. On 1st April, 20X1, X Ltd.…
28. Lotus Limited was incorporated in India and its functional currency is INR (₹). It owns 80% interest in foreign entity, namely, Jasmine Limited,…
29. An entity enters into a contract with a customer on 1st April, 20X1 for the sale of a machine and spare parts. The manufacturing lead time for the…
30. GG Ltd., a listed company, prepares its first Ind AS financial statements for the year ending 31st March, 20X3. The date of transition is 1st April,…
31. The directors of Ayush Ltd. have told the lending bank that the company is in an excellent financial position and cash flow projections will meet…
32. Fixed production overheads for the financial year is 10,000. Normal expected production for the year, after considering planned maintenance and…
33. ABC Ltd. has received the following grants from the Government of Delhi for its newly started pharmaceutical business: 20 lakhs received for…