Highlights of this Book
Full Syllabus in Q&A Format.
Up to Latest Exam and RTP Covered – from Accounting, Auditing, SFM, & Law.
Companies (AS) Rules & 180 EAC Opinions included.
Around 1450 Concept Qns. & Illustrations covered.
Fast Track Referencer for Quick Revision of Topics.
Effective Leaning Tool for Accounting Standards at Professional Level
Accounting Standards (AS) constitute a vital key in understanding the Financial Statements of Entities, A proper understanding of generally accepted Accounting Principles will ensure better appreciation of the information presented in the Financial Statements
Applicability of Accounting Standards is to be considered at three levels
NON Corporate Entities
Companies covered by Companies (Accounting Standards) Rules, 2006, and
Companies covered by Companies (Indian Accounting Standards) Rules, 2015
This New Edition of “Students’ Referencer on Accounting Standards comes to your hands with the following highlights
Q & A Format: All principles! procedures! techniques! concepts and ideas have been arranged neatly in an easy-to-read Q&A format, so that the student can correlate the Questions with the Answers, more easily in the examinations,
Full Coverage: Questions on AS from Accounting, Auditing, Law and Financial Management papers have been covered fully till date, All RTP Q&A have also been classified and presented appropriately in the respective Chapters,
Presentation: Accounting Concepts and Principles have been presented and explained with the help of charts and diagrams for better understanding and easy memory of the concepts,
Illustrations: Every concept, principle and its application in a Standard has been explained with adequate Practical Questions and Illustrations to gain unqualified concept clarity,
EAC Opinions: Relevant EAC Opinions have been included in varions Accounting Standards, Fast Track Referencer: A Fast Track ReferenceI’ has been added to facilitate quick revision of the Accounting Standards, and commit important principles and concepts to memory,
Table of Contents:
Accounting Standards – Introduction & Applicability
AS – 01 Disclosure of Accounting Policies
AS – 02 Valuation of Inventories
AS – 03 Cash Flow Statements
AS – 04 Contingencies and Events occurring after the Balance Sheet Date
AS – 05 Net Profit or Loss for the Period, Prior Period Items, Changes?in Accounting Policies
AS – 07 Construction Contracts
AS – 09 Revenue Recognition
AS – 10 Property Plant and Equipment
AS – 11 The Effects of Changes in Foreign Exchange Rates
AS – 12 Accounting for Government Grants
AS – 13 Accounting for Investments
AS -14 Accounting for Amalgamations
AS – 15 Employee Benefits
AS – 16 Borrowing Costs
AS – 17 Segment Reporting
AS – 18 Related Party Disclosures
18 AS – 19 Leases
AS – 20 Earnings Per Share
AS – 21 Consolidated Financial Statements & Accounting for Investments?in Subsidiaries in Separate Financial Statements
AS – 22 Accounting for Taxes on Income
AS – 23 Accounting for Investments in Associates
AS – 24 Discontinuing Operations
AS – 25 Interim Financial Reporting
AS – 26 Intangible Assets
AS – 27 Financial Reporting of Interests in Joint Ventures
AS – 28 Impairment of Assets
AS – 29 Provisions, Contingent Liabilities and Contingent Assets
Ind AS – 32, 107 & 109 Financial Instruments
Comparison between Ind AS and Existing Notified AS
About the Author
G Sekar completed his B.Sc. Chemistry in Dharmapuri Arts College (University of Madras; 1993) and M.Sc. Organic Chemistry in Department of Organic Chemistry, Guindy Campus, University of Madras (1995; M.Sc. thesis guide: Prof. P. Rajakumar).He obtained his Ph.D. in synthetic organic chemistry from Indian Institute of Technology Kanpur in 1999 under the guidance of Padma Shri Prof. V. K. Singh. He has carried out his JSPS postdoctoral fellowship at Toyohashi University of Technology, Japan (with Prof. H. Nishiyama; Apr. 2000 Jun. 2001), AvH postdoctoral fellowship at University of Goettingen, Germany (with Prof. L. F. Tietze; Jul. 2001 ? Dec. 2002) and senior postdoctoral fellowship at Caltech, USA (with Prof. Brian M. Stoltz; Feb. 2003 Dec. 2004), prior to joining IIT Madras in December 2004 where he is presently holding Professor position