Illustrated Guide to Indian Accounting Standards (Ind AS)

As Amended by Companies (Indian Accounting Standards) (Amendment) Rules 2021
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Description
We all know that a few years have elapsed after International Financial Reporting Standards (IFRSs) have reached the shores of India in its new avatar in the form of Indian Accounting Standards (Ind ASs). After initial notification of Ind ASs, Ministry of Corporate Affairs have come up with amendments from time to time with a view to ensure that these Ind ASs are internalised and tailored to Indian conditions and there is a clear roadmap going forward. The impact of the implementation of Ind ASs in various industry sectors have been varied as has been borne out of publications and reports in the public domain from various institutions.
Incorporating
•    A Comprehensive Commentary on Ind AS with more than 200 illustrations, charts and
      case studies
•    Comprehensive analysis of amended Schedule III of Companies Act, 2013
•    Detailed Comparative analysis of Ind AS and AS
•    Convergence of Ind AS with IFRS
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Contents
Chapter 1      :  Financial Reporting in India and Conceptual Framework for Financial Reporting
Chapter 2      :  Indian Accounting (Ind As) summary
Chapter 3      :  Ind AS 1 : Presentation of Financial statements
Chapter 4     :   Ind AS 2 : Inventories
Chapter 5     :   Ind AS 7 : Statement of Cash Flows
Chapter 6     :   Ind AS 8 : Accounting policies, Changes in Accounting estimates and errors
Chapter 7     :   Ind AS 10 : Events occurring after the reporting period
Chapter 8     :   Ind AS 12 : Income Taxes
Chapter 9     :   Ind AS 16 : Property, Plant and Equipment
Chapter 10   :   Ind AS 17 : Leases
Chapter 11   :   Ind AS 19 : Employee benefits
Chapter 12   :   Ind AS 20 : Accounting for Government Grants
Chapter 13   :   Ind AS 21: The Effects of changes in foreign exchange rates
Chapter 14   :   Ind AS 23 : Borrowing Cost
Chapter 15   :   Ind AS 24 : Related Party Disclosure
Chapter 16   :   Ind AS 27 : Separate Financial Statements
Chapter 17   :   Ind AS 28 : Investments in associates and Joint Ventures
Chapter 18   :   Ind AS 29 : Financial reporting in the hyperinflationary economies
Chapter 19   :    Ind AS 32 : Financial Instruments : Presentation
Chapter 20   :    Ind AS 33 : Earnings per share
Chapter 21   :    Ind AS 34 : Interim Financial Reporting
Chapter 22   :    Ind AS 36 : Impairment of Assets
Chapter 23   :    Ind AS 37 : Provisions, contingent liabilities and contingents assets
Chapter 24   :    Ind AS 38 : Intangible Assets
Chapter 25   :    Ind AS 40 : Investment Property
Chapter 26   :    Ind AS 41 : Agriculture
Chapter 27    :   Ind AS 101 : First time adoption of International Financial Reporting Standards
Chapter 28    :   Ind AS 102 : Share based payment
Chapter 29    :   Ind AS 103 : Business Combination
Chapter 30    :   Ind AS 104 : Insurance Contracts
Chapter 31    :   Ind AS 105 : Non-Current Assets held for sale and discontinued
Chapter 32    :   Ind AS 106 : Exploration and evaluation of mineral resources
Chapter 33    :   Ind AS 107 : Financial Instruments : Disclosures
Chapter 34    :   Ind AS 108 : Operating Segments
Chapter 35    :   Ind AS 109 : Financial Instruments
Chapter 36    :   Ind AS 110 : Consolidated Financial Statements
Chapter 37    :   Ind AS 111 : Joint Arrangement
Chapter 38    :   Ind AS 112 : Disclosure of Interests in Other Entities
Chapter 39    :   Ind AS 113 : Fair Value Measurement
Chapter 40    :    Ind AS 114 : Regulatory Deferral Accounts
Chapter 41    :    Ind AS 115 : Revenue from contracts with Customers
Chapter 42    :    Ind AS 116 : Leases
Annexure
Comparative Summary between IND AS and As
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Author Details
B.D. Chatterjee is a finance leader with over 38 Years of rich industry experience in overall business and finance function. He is a Chartered Accountant with CS and CMA qualifications and holds a diploma in IFRS from UK. During his long and enriching career he has handled many high-profile leadership positions like CFO/VP/Director Finance assignments in global Multinationals (BOC Gases, DuPont, and Kelly Services) both in India and abroad and large Indian conglomerates (Mother Dairy group, Max India) in India. In handling the above positions, he acquired extensive knowledge and experience in industries like industrial gases, engineering polymers, agro chemicals, FMCG and dairy products, health care and manpower services, among others.
Jinender Jain is a Chartered Accountant with more than 13 years of experience in financial reporting and related fields. He holds a diploma in IFRS and a certificate in IFRS from UK. He has extensive knowledge and experience of IFRS and Ind AS. He has delivered lectures on various forums as a speaker on IFRS/Ind AS. He also keeps contributing in the form of articles on related topics at different platforms.