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 quite complex, even for a seasoned practitioner. The landscape is constantly changing, new discussions, new questions, new business models, new standards/amendments, EAC opinions, IFRIC decisions, regulatory expectations, would require the book to be significantly updated and enhanced on a regular basis. Consequently, there is a need for a book such as this, which plays an important role 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 accountant's face on a daily basis 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.

Highlights of the book : -
● As Amended by the Companies (Indian Accounting Standards) Third Amendment Rules, 2024
● All chapters re-written/revised, updated for 2025
● Revised Schedule III Model financial statements and FAQ’s
● More than 2,000 Practical Illustrations/Case studies across all Ind AS standards
● Complex Ind AS’s (Financial Instrument, Business combination, Debt vs Equity, Revenue Recognition, Leases, Insurance Contracts)     explained in a simple language
● Includes references to EAC opinions and ITFG/IFRIC interpretations, where necessary
● Detailed index facilitating easy reference
● Tax implications arising from Ind AS accounting
● The Book also contains soft copy of the following material : - The Companies (Indian Accounting Standards) Rules, 2015 [As Amended     up to date] - Ind AS Illustrative Financial Statements prepared in accordance with Ind AS Schedule. - Frequently Asked Questions and     Highlights on Schedule III. - Ind AS Compliant Schedule III - Relevant Circulars/Notifications from SEBI, MCA, IRDA and RBI. - Income     Computation and Disclosure Standards (ICDS).
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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
VOLUME- 2
15  Ind-AS 36 — Impairment of Assets
16  Ind-AS 37 — Provisions, Contingent Liabilities and Contingent Assets
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
VOLUME - 3
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
Industry Specific
37   Ind-AS 106 — Exploration for and Evaluation of Mineral Resources
38   Ind-AS 114 — Regulatory Deferral Accounts
39   Ind-AS 41 — Agriculture
40   Ind-AS 117 — Insurance Contracts  
Part 2 Ind-AS Illustrative Financial Statements for the year ended 31 March 2025
Based on Indian Accounting Standards notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and Division II of the Schedule III to the Companies Act, 2013 applicable for the financial year ended 31st March 2025.
Part 3 Frequently Asked Questions and Highlights on Schedule III, Division II
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Author Details
Dolphy D'Souza, is a Chartered Accountant, Cost Accountant, Company Secretary and a Management Accountant from the London Institute and a ranker. He comes from a humble background and has worked hard to achieve success in his chosen field of accounting practice. Dolphy has three decades of accounting and auditing experience with detail exposure to International Financial Reporting Standards (IFRS), Indian Accounting Standards (Ind AS) and Indian GAAP. His experience includes IFRS and Ind AS implementation in large Indian and multi-national clients, with complex organization structures and businesses. The experience has been predominantly with three of the big accounting firms in India and abroad as a technical leader and senior partner.
Dolphy is actively involved in professional development activities, having been a speaker at several seminars on Accounting Standards for CFOs, independent directors, accountants, standard-setters, students and regulators across India and at International conferences. He has brought to good use his practical experience to deal with the problems and accounting challenges faced by the Industry in this book. He is an avid and regular contributor to various technical journals and newspapers, particularly the "Bombay Chartered Accountant Journal", "The Hindu" and "The Economic Times", on matters relating to accounting standards, accounting practices and financial reporting. He has written several books on accounting standards and disclosure requirements. His interest in writing started much earlier when as a student, he got the best article of the year in 'The Chartered Accountant' journal from the ICAI. Dolphy is fully committed to Indian GAAP, Ind AS and IFRS standard setting process. His body of work on accounting standard has raised the level of debate in the country on some of the contentious accounting issues. He is a member of several standard-setting and regulatory committees on IFRS, Ind AS and Indian GAAP.