20 July 2025
For CA Final – Advanced Accounting (now part of Financial Reporting - FR), the best reference books are well-regarded among students and rank-holders alike. Here’s a list of top recommended books:
📘 Best Reference Books for Advanced Accounting (CA Final) 1. M.P. Vijay Kumar – Financial Reporting
Why: Very comprehensive, includes conceptual clarity + ample practice questions + solved examples. Best for: Self-study + exam-focused prep. 2. Parveen Sharma / Kapileshwar Bhalla
Why: Great for conceptual understanding; Bhalla’s books are slightly more exam-focused, Sharma’s are more conceptual. Best for: Students looking for deep clarity and class backup. 3. DS Rawat – Accounting Standards
Why: Most recommended for Accounting Standards (AS); ICAI often picks similar examples. Best for: Targeted study of AS portion in FR/Advanced Accounting. 4. CA. Ravi Kanth Miriyala
Why: Written in easy language with ICAI-style problems. Best for: Students looking for simpler explanations + exam-specific targeting. 📝 Additional Suggestions: Always pair reference books with ICAI Study Material, Practice Manual, RTP, and MTPs. For AS/Ind AS, DS Rawat or ICAI Module are must-reads.
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