Description
Taxmann Illustrated Guide to Indian Accounting Standards (Ind AS) 8th Edition by B.D. Chatterjee and Jinender Jain
This book provides a comprehensive commentary on the Indian Accounting Standards (Ind ASs) & comprehensive analysis of amended Schedule III of the Companies Act 2013.
The Present Publication is the 8th Edition & updated till April 2023, incorporating the Companies (Indian Accounting Standards) (Amendment) Rules 2023. This book is authored by B.D. Chatterjee & Jinender Jain, with the following noteworthy features:
[Process Flow Diagrams of Major Ind AS in Simplified & Lucid Language] to help the reader understand and comprehend the nuances of each Ind AS in its simplest form
[200+ Process Flow Diagrams, Charts, Illustrations & Case Studies] to deep dive into the Ind ASs & their 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 Ind ASs with the amending Accounting Standards (AS)
[Case Studies] on disclosure of accounting policies
[Global Perspective] Each chapter highlights the convergence of each Ind AS with IFRS
[References] have been made to the following:
Notified text on Ind ASs & AS published by Ministry of Corporate Affairs
The Institute of Chartered Accountants of India Publication on Indian Accounting Standards (Ind AS)
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 and Schedule III
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 and Disclosure of Government Assistance
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
Case Studies on Disclosure of Accounting Policies
Multiple Choice Questions on Ind ASs