Description
Commercial Law Publishers India Pvt Ltd Ind As Made Easy For New Syllabus by Ravi Kant Miriyala and Sunitanjani Miriyala
Indian Accounting Standards (lnd AS) are “principle based” standards. As you are aware, these arc mandatory for all listed companies and other large unlisted entities in India. Conceptual understanding of these Standards is very important to apply the same during practical training as well as in practice. Being in the teaching profession for 10 years, I observed, on numerous occasions, difficulties faced by students in understanding the Ind AS and I firmly believe they do need appropriate guidance. In my opinion, prima facie, there are two reasons for snch difficulties – (1) The language used in the Ind AS is not an easy one; & (2) Lack of appropriate illustrations to explain the relevant concepts. Personally, I experienced difficulty in understanding the respective Ind AS and its inter linkage With other Ind AS. It was not an easy job and that struggle motivated me to share knowledge through writing a book on lnd AS in simple and lucid language and with the best practical examples. I tried my best to remove those difficulties. I hope you will agree with me after reading the book.
This book has the following unique features to help students:
Recent amendments on lnd ASs
Student friendly;
Conceptual understanding of the standards with more than 1,000 detailed examples;
Very simple language to understand;
Summary of the Standard is presented in diagrams at the end of respective standard;
Major differences between Ind AS v IFRS are well explained in simple language
Table of Contents
Chapter 1 Ind AS 1 — Presentation of Financial Statements
Chapter 2 Ind AS 2 — Inventories
Chapter 3 Ind AS 7 — Statement of Cash Flow
Chapter 4 Ind AS 8 — Accounting Policies, Changes in Accounting Estimates and Errors
Chapter 5 Ind AS 10 — Events after the Reporting Period
Chapter 6 Ind AS 12 — Income Taxes
Chapter 7 Ind AS 16 — Property, Plant and Equipment (PPE)
Chapter 8 Ind AS 17 — Leases
Chapter 9 Ind AS 19 — Employee Benefits
Chapter 10 Ind AS 20 — Accounting for Government Grants
Chapter 11 Ind AS 21 — The Effects of Changes in Foreign Exchange Rates
Chapter 12 Ind AS 23 — Borrowing Costs
Chapter 13 Ind AS 24 — Related Party Disclosures
Chapter 14 Ind AS 27 — Separate Financial Statements
Chapter 15 Ind AS 28 — Investments in Associates and Joint Ventures
Chapter 16 Ind AS 33 — Earnings Per Share
Chapter 17 Ind AS 34 — Interim Financial Reporting
Chapter 18 Ind AS 36 — Impairment of Assets
Chapter 19 Ind AS 37 — Provisions, Contingent Liabilities and Contingent Assets
Chapter 20 Ind AS 38 — Intangible Assets
Chapter 21 Ind AS 40 — Investment Property
Chapter 22 Ind AS 41 — Agriculture
Chapter 23 Ind AS 101 — First-time Adoption of Indian Accounting Standards
Chapter 24 Ind AS 102 — Share Based Payments
Chapter 25 Ind AS 103 — Business Combination
Chapter 26 Ind AS 105 — Non-current Assets Held for Sale and Discontinued Operations
Chapter 27 Ind AS 108 – Operating Segments
Chapter 28 Ind AS 109, 107 & 32 — Financial Instruments
Chapter 29 Ind AS 110 — Consolidated Financial Statements
Chapter 30 Ind AS 111 — Joint Arrangements
Chapter 31 Ind AS 112 — Disclosure of Interests in Other Entities
Chapter 32 Ind AS 113 — Fair Value Measurement
Chapter 33 Ind AS 114 — Regulatory Deferral Accounts
Chapter 34 Ind AS 115 — Revenue from contracts with customers