Practical Guide to Ind-AS and IFRS

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Description
As amended by
The Companies (Indian Accounting Standards) (Amendment) Rules, 2023
* Detailed discussion on each Ind AS notified and amended till date
* Nearly 3000 illustrations, case studies and examples for meticulous understanding (including amendments w.r.t. material accounting policy information)
* Guidance on Ind AS Balance Sheet and Profit or Loss under Schedule III (as amended)
* Comprehensive illustrations on Financial Instruments
* Detailed and practical discussion on 'accounting for cryptocurrencies
* Accounting for 'Global Minimum Top-up Tax' under GLOBE BEPS 2.0
* Illustrated guidance on ' accounting for service concession arrangements
* Commonly observed non-compliances in Ind AS financial statements
* ITFG clarifications
* Consolidation of Section 8 Subsidiary
* CSR Projects and Segment Reporting
* Gist of Ind AS
* Primer on IFRS 17-Insurance Contracts
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Contents
DIVISION I
Chapter 1     Ind AS and IFRS: An Overview
Chapter 2     Gist of Ind-AS
DIVISION II
Chapter 3     Ind  AS 1 (IAS 1): Presentation of Financial Statements
Chapter 4      Ind AS 2 (IAS 2): Inventories
Chapter 5      Ind AS 7 (IAS 7): Statement of Cash Flows
Chapter 6      Ind AS 8 (IAS 8): Accounting Policies, Changes in Accounting Estimates and Errors
Chapter 7      Ind AS 10 (IAS 10): Events after the Reporting Period
Chapter 8      Ind AS 11 (IAS 11): Construction Contracts
Chapter 9    Service Concession Arrangement — Illustrative Commentary
Chapter 10    Ind AS 12 (IAS 12): Income Taxes
Chapter 10.1  Ind AS Accounting for forgoing MAT Credit pursuant to Section 115BAA
Chapter 11    Ind AS 16 (IAS 16): Property, Plant and Equipment
Chapter 12    Ind AS 17 (IAS 17): Leases
Chapter 13    Ind AS 18 (IAS 18): Revenue
Chapter 14    Ind AS 19 (IAS 19): Employee Benefits
Chapter 15    Ind AS 20 (IAS 20): Government Grants & Government Assistance
Chapter 16    Ind AS 21 (IAS 21): The Effects of Changes in Foreign Exchange Rates
Chapter 17    Ind AS 23 (IAS 23): Borrowing Costs
Chapter 18    Ind AS 24 (IAS 24): Related Parties
Chapter 19    Ind AS 27 (IAS 27): Separate Financial Statements
Chapter 20     Ind AS 28 (IAS 28): Investments in Associates and Joint Ventures
Chapter 21    Ind AS 29 (IAS 29): Financial Reporting in Hyperinflationary Economics
Chapter 22    Ind AS 31 (IAS 31): Interests in Joint Ventures
Chapter 23    Ind AS 32 (IAS 32): Financial Instruments: Presentation
Chapter 24    Ind AS 33 (IAS 33): Earnings Per Share
Chapter 25    Ind AS 34 (IAS 34): Interim Financial Reporting
Chapter 26    Ind AS 36 (IAS 36): Impairment of Assets
Chapter 27    Ind AS 37 (IAS 37): Provisions, Contingent Liabilities and Contingent Assets
Chapter 28    Ind AS 38 (IAS 38): Intangible Assets
Chapter 29    Ind AS 39 (IAS 39): Financial Instruments: Recognition and Measurement
Chapter 30     Ind AS 40 (IAS 40): Investment Property
Chapter 31    Ind AS 41 (IAS 41): Agriculture  
Chapter 32    Ind AS 101 (IFRS 1): First Time Adoption of Indian Accounting Standards
Chapter 33   Implimentation Guidance on various aspects
Chapter 34    Practice Pointer case studies on first time
Chapter 35    Ind AS 102 (IFRS 2): Share Based Payments
Chapter 36.   Implimentation guidence on various aspects of Ind AS 102
Chapter 37    Ind AS 103 (IFRS 3): Business Combinations
Chapter 38    Ind AS 104 (IFRS 4): Insurance Contracts
Chapter 39    Ind AS 105 (IFRS 5): Non-Current Assets held for Sale and Discontinued Operations
Chapter 40    Ind AS 106 (IFRS 6): Exploration and Evaluation of Mineral Resources
Chapter 41    Ind AS 107 (IFRS 7): Financial Instruments: Disclosures
Chapter 42    Ind AS 108 (IFRS 8): Operating Segments
Chapter 43     Ind AS 109 (IFRS 9): Financial Instruments
Chapter 44    Practical Illustrations on Financial Instruments
Chapter 45    Ind AS 110 (IFRS 10): Consolidated Financial Statements
Chapter 46    Ind AS 111 (IFRS 11): Joint Arrangements
Chapter 47    Ind AS 112 (IFRS 12): Disclosure of Interests in Other Entities
Chapter 48    Ind AS 113 (IFRS 13): Fair Value Measurement
Chapter 49    Ind AS 114 (IFRS 14): Regulatory Deferral Accounts
Chapter 50    Ind AS 115 (IFRS 15): Revenue from Contracts with Customers
Chapter 51    Ind AS 116 (IFRS 16): Leases
Chapter 52    Financial Reporting Considerations for IBOR Reforms
DIVISION III
Chapter 53 Chapter 49 B: Primer on IFRS 17 Insurance Contracts
Division IV
Chapter 54    Format of Financial Statements for Companies required to comply with Ind-AS
                        under Companies Act, 2013 — Division II of Schedule III

Chapter 55   Commonly Observed Non-compliances in Ind AS Financial statements
DIVISION V
Chapter 56     Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 1   
Chapter 57    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 2   
Chapter 58    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 3   
Chapter 59    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 4   
Chapter 60   Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 5   
Chapter 61    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 6   
Chapter 62    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 7
Chapter 63    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 8
Chapter 64    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 9
Chapter 65   Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 10
Chapter 66    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 11
Chapter 67    Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 12
Chapter 68    Summary of Opinions from ITFG Bulletins
Chapter 69    FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time
                          Adoption of Indian Accounting Standards
DIVISION V
Chapter 70    Basic Illustrations on Significant Ind AS Chapter 66 Comprehensive
Chapter 71    Comprehensive Practical 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 in KGMA, 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 is also 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 held by ESB of ICAI in March 2013. He is also a key resource person for development and review of various study contents and webcasts for BOS of ICAI, such as study material and practice manual on Advanced Auditing for CA Final, Lectures for CA IPCC and CA Final studies, etc. Besides being a regular guest speaker for IFRS and Management Development Programmes at IBC & PKG, Mumbai, ICAI, ICSI, Direct Taxes Regional Training Institute (North-West Region) for Income Tax Inspectors training programme, he is also an author of over dozens of books including 'Guide to Tax Audit u/s 44AB', 'Foreign Direct Investments in India', 'IFRS and Ind-AS Concepts and Applications', 'Accounting Standards and IFRS', 'Auditors' Practice Manual', 'Handbook on Company's Balance Sheet and Profit & Loss Account under Revised Schedule VI and XBRL', 'Handbook on Internal Auditing', 'Consolidated Financial Statements', 'Interim Financial Reporting', 'Guide to International Taxation', 'Understanding Goods and Service Tax (GST)', 'Professional Approach to Advanced Auditing' for CA (Final) studies and 'Systematic Approach to Auditing' for CA IPCC studies published by Bharat Law House Private Limited.