The Present Publication is the 6th Edition, authored by B.D. Chatterjee & Jinender Jain, amended by the Companies (Indian Accounting Standards) (Amendment) Rules 2021 & updated till 15th August 2021, with the following noteworthy features:
- [Comprehensive Commentary] on the following:
o Indian Accounting Standards as amended by the Companies (Indian Accounting Standards) (Amendment) Rules 2021
o Amended Schedule III of the Companies Act 2013 with the updated text of the Schedule III
- [Process Flow Diagrams of Major Ind AS] to help the reader understand and comprehend the nuances of each Ind AS in its simplest form
- [200+ Charts, Illustrations & Case Studies] to deep dive into the Ind ASs & its convergence with IAS/IFRS, updated with the latest notified amendments in each of the Ind ASs, based on practical issues and questions
- [Definitions & Application Guidance] are incorporated in critical chapters
- [Detailed Comparative Analysis] of the Indian Accounting Standards with the amending Accounting Standards
- [References] have been made to the following:
o Notified text on Ind ASs & AS published by Ministry of Corporate Affairs
o The Institute of Chartered Accountants of India Publication on Indian Accounting Standards (Ind AS)
o Adaptations from ACCA UK
The detailed contents of this book are as follows:
- Financial Reporting in India and Conceptual Framework for Financial Reporting
- Indian Accounting Standards (Ind AS) Summary
- Ind AS 1 | Presentation of Financial Statements
- Ind AS 2 | Inventories
- Ind AS 7 | Statement of Cash Flows
- Ind AS 8 | Accounting Policies, Changes in Accounting Estimates and Errors
- Ind AS 10 | Events occurring after the Reporting Period
- Ind AS 12 | Income Taxes
- Ind AS 16 | Property, Plant and Equipment
- Ind AS 17 | Leases
- Ind AS 19 | Employee Benefits
- Ind AS 20 | Accounting for Government Grants
- Ind AS 21 | The Effects of Changes in Foreign Exchange Rates
- Ind AS 23 | Borrowing Costs
- Ind AS 24 | Related Party Disclosures
- Ind AS 27 | Separate Financial Statements
- Ind AS 28 | Investments in Associates and Joint Ventures
- Ind AS 29 | Financial Reporting in the Hyperinflationary Economies
- Ind AS 32 | Financial Instruments: Presentation
- Ind AS 33 | Earnings Per Share
- Ind AS 34 | Interim Financial Reporting
- Ind AS 36 | Impairment of Assets
- Ind AS 37 | Provisions, Contingent Liabilities and Contingent Assets
- Ind AS 38 | Intangible Assets
- Ind AS 40 | Investment Property
- Ind AS 41 | Agriculture
- Ind AS 101 | First-time adoption of International Financial Reporting Standards
- Ind AS 102 | Share-Based Payment
- Ind AS 103 | Business Combinations
- Ind AS 104 | Insurance Contracts
- Ind AS 105 | Non-Current Assets Held for Sale and Discontinued Operations
- Ind AS 106 | Exploration and Evaluation of Mineral Resources
- Ind AS 107 | Financial Instruments: Disclosures
- Ind AS 108 | Operating Segments
- Ind AS 109 | Financial Instruments
- Ind AS 110 | Consolidated Financial Statements
- Ind AS 111 | Joint Arrangements
- Ind AS 112 | Disclosure of Interests in Other Entities
- Ind AS 113 | Fair Value Measurement
- Ind AS 114 | Regulatory Deferral Accounts
- Ind AS 115 | Revenue from Contracts with Customers
- Ind AS 116 | Leases
