Beginner's Guide to Ind - AS and IFRS with Practical Illustrations (Useful for B.com, BBA, M.Com, MBA & Other Specialised Studies)

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Description
India's adoption of Ind AS marks a significant step forward in the accounting industry, bringing India's financial reporting framework into line with global standards. It is expected to benefit a wide range of stakeholders, stimulate economic growth, and establish India as a strong and transparent investment destination globally. Since the last version of this publication was published in 2019, the International Accounting Standards Board (IASB) issued some changes to IFRS/IAS. To keep up with the global changes, the Indian Accounting Standard (Ind AS) has been revised in accordance with the changes made by the International Financial Reporting Standards Board (IFRS/IAS). MCA notified the changes to the Ind AS through notifications, dated March 23, 2022, and March 31, 2023. These notifications are referred to as Companies (Indian Accounting Standards) Amendment Rules, 2022, Amendment Rules 2023. Considering the significance of this applicability at various educational and academic forums, the present book "Beginner's Guide to Ind-AS and IFRS" has been equipped with precise, yet comprehensive, deliberation on Ind-AS and IFRS. ............................................................................................................................
Contents
Chapter 1    IFRS and Ind AS: An Overview
Chapter 2    IAS 1: Presentation of Financial Statements
Chapter 3    IAS 2: Inventories
Chapter 4    IAS 7: Statement of Cash Flows
Chapter 5    IAS  8: Accounting Policies, Changes in Accounting Estimates and Errors
Chapter 6    IAS 10: Events after the Reporting Period
Chapter 7    IAS 12: Income Taxes
Chapter 8    IAS 16: Property, Plant and Equipment
Chapter 9    IAS 19: Employee Benefits
Chapter 10  IAS 20: Accounting for Government Grants and Disclosure of Government Assistance
Chapter 11  IAS 21: The Effects of Changes in Foreign Exchange Rates
Chapter 12  IAS 23: Borrowing Costs
Chapter 13  IAS 24: Related Party Disclosures
Chapter 14  IAS 27: Separate Financial Statements
Chapter 15  IAS 28: Investments in Associates
Chapter 16  IAS 29: Financial Reporting in Hyperinflationary Economics
Chapter 17  IAS 32: Financial Instruments: Presentation
Chapter 18  IAS 33: Earnings Per Share
Chapter 19  IAS 34: Interim Financial Reporting
Chapter 20  IAS 36: Impairment of Assets
Chapter 21  IAS 37: Provisions, Contingent Liabilities and Contingent Assets
Chapter 22  IAS 38: Intangible Assets
Chapter 23  IAS 40: Investment Property
Chapter 24  IAS 41: Agriculture
Chapter 25  Ind AS 101 (Ind AS (IFRS) 1): First-Time Adoption of International Financial Reporting
                       Standards
Chapter 26   Ind AS 102: Share Based Payment
Chapter 27   Ind AS 103: Business Combinations
Chapter 28   Ind AS 104: Insurance Contracts
Chapter 29   Ind AS 105: Non-current Assets held for Sale and Discontinued Operations
Chapter 30   Ind AS 106: Exploration for and Evaluation of Mineral Resources
Chapter 31   Ind AS 107: Financial Instruments: Disclosures
Chapter 32   Ind AS 108: Operating Segments
Chapter 33   Ind AS 109: Financial Instruments
Chapter 34   Ind AS 110: Consolidated Financial Statements
Chapter 35   Ind AS 111: Joint Arrangements
Chapter 36   Ind AS 112: Disclosure of Interests in Other Entities
Chapter 37   Ind AS 113: Fair Value Measurement
Chapter 38   Ind AS 114: Regulatory Deferral Accounts
Chapter 39   Ind AS 115: Revenue from Contracts with Customers
Chapter 40   Ind AS 116: Leases
Chapter 41   Basic Illustrations on Significant Ind AS
Chapter 42   Comprehensive Practical Questions on Ind AS
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Author Details
CA. Kamal Garg [B.Com (H), FCA, DISA (ICAI)] is a Fellow Member of The Institute of Chartered Accountants of India (ICAI) and a First Class Commerce Baccalaureate from Deen Dayal Upadhyaya College, University of Delhi and a consulting academician inKGMA, Delhi. He was also the member of Board of Studies (BOS) Study Material Research Group (2009-2010) of NIRC of ICAI and a special invitee member of Accounting Standards Board (ASB) (2012-2013) and Ind AS (IFRS) Implementation Committee (2014-2015) of ICAI. He isalso the faculty member of Ethical Standards Board (ESB) of ICAI and had an opportunity to act as a speaker in the very 1st Live Webcast for
BOS of ICAI, such as study material and practice manual on Advanced Auditing for CA Final, eLectures for CA IPCC and CA Final studies, etc.
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