Indian Accounting Standards (Ind AS) (Interpretation, Issues and Practical Application) (3 Volume Set)

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Description
Ind AS standards like IFRS are principle based standards. However, they are substantially different from Indian GAAP. Consequently, there is a need for a book such as this, which plays an important part in promoting consistent, comparable and high quality financial reporting. Ind-AS - Interpretation, Issues & Practical Application is written in simple language, mainly in a question and answer format, suitable for quick comprehension. But it does not stop there. It goes much beyond explanation. It provides insights, solutions and alternative approaches on complex practical issues that we face day to day in the real world of global financial reporting. This practical approach is unavailable in any other work, in India. It is the most authoritative material on Ind AS, and will immensely benefit the preparers of financial statements, users, auditors, regulators, standard-setters, directors, audit committee members, students and academicians. Written by an accounting authority, the book carefully avoids jargons. Complex technical accounting issues have been explained clearly with numerous worked examples and illustrations.The text of Income Computation and Disclosure Standards (ICDS) is also included in the book. The book contains a CD that includes a current date version of Ind-AS, an illustrative financial statement prepared in accordance with Ind-AS and Schedule III to the Companies Act, 2013 and Text of the Companies (Accounting Standards) Rules, 2006. The electronic version of the illustrative financial statements will be extremely useful to first-time adopters and preparers of Ind-AS financial statements.
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Contents
Volume - 1
Part 1 Indian Accounting Standards (Ind-AS) Interpretation, Issues & Practical Application
Key Concepts
1     Roadmap for convergence to Ind-AS
2     Ind-AS 101 — First-time Adoption of Indian Accounting Standards.
Income and expense
3     Ind-AS 115 — Revenue from Contracts with Customers
4     Ind-AS 115 (Appendix C and D) — Service Concession
5     Ind-AS 20 — Accounting for Government Grants and
6    Ind-AS 19 — Employee Benefits
7    Ind-AS 102 — Share-based Payment
8    Ind-AS 12 — Income-taxes
Assets and Liabilities
9    Ind-AS 16 — Property, Plant and Equipment
10  Ind-AS 38 — Intangible Assets
11  Ind-AS 40 — Investment Property
12  Ind-AS 2 — Inventories
13  Ind-AS 23 — Borrowing Costs
14  Ind-AS 17 - Leases
15  Ind-AS 36 — Impairment of Assets
16  Ind-AS 37 — Provisions, Contingent Liabilities and Contingent Assets
Volume - 2
Group Accounts
17  Ind-AS 103 — Business Combinations
18  Ind-AS 110 — Consolidated Financial Statements
19  Ind-AS 111 — Joint Arrangements
20  Ind-AS 28 — Investments in Associates and Joint Ventures
21  Ind-AS 112 — Disclosure of Interests in Other Entities
22  Ind-AS 27 — Separate Financial Statements
Financial Instruments and Foreign Exchange
23  Ind-AS 21 — The Effects of Changes in Foreign Exchange Rates
24  Ind-AS 109 — Financial Instruments
25  Ind-AS 32 — Financial Liabilities and Equity
26  Ind-AS 107 — Financial Instruments: Disclosures
27  Ind-AS 113 — Fair Value Measurement
Presentation and Disclosure
28  Ind-AS 1 — Presentation of Financial Statements
29  Ind-AS 8 — Accounting Policies, Changes in
30  Ind-AS 10 — Events after the Reporting Period
31  Ind-AS 7 — Statement of Cash Flows
32  Ind-AS 33 — Earnings Per Share
33  Ind-AS 24 — Related Party Disclosures
34  Ind-AS 108 — Operating Segments
35  Ind-AS 105 — Non-current Assets Held for Sale and Discontinued Operations
36  Ind-AS 34 — Interim Financial Reporting
37   Ind-AS 106 — Exploration for and Evaluation of Mineral Resources
38   Ind-AS 114 — Regulatory Deferral Accounts
39   Ind-AS 41 — Agriculture
Volume - 3
Part 2 Ind-AS Illustrative Financial Statements for the year ended 31 March 2024
Ind-AS Illustrative Financial Statements 
Part 3 Frequently Asked Questions and Highlights on Schedule III, Division II
Frequently Asked Questions and Highlights on Schedule III, Division II
Part 4 Ind AS Compliant Schedule III
Ind As Compliant Schedule III
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