Quick Revision Fast Track Charts on Financial Reporting

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Description
Ind AS (covered under Financial Reporting) are "principle based" standards. As you aware, application of these standards is mandatory for all listed companies and other large unlisted entities in India. Conceptual understanding of the standards is essential in properly applying the same in practical training as well as in professional life, be it practice or employment. Being in the teaching profession for good more than a decade, we observed, on numerous occasions, difficulties faced by students in understanding standards and we firmly believe they need appropriate guidance. In our observation, prima facie, the reasons for such difficulties are -(1) The terminology used in the Ind AS; (2) Inter linkage between various standards; & (3) Lack of explanation with the help of illustrations; Our struggle in understating and application of the standards motivated us to share knowledge through writing a book on Financial Reporting in simple and lucid language with the most appropriate practical examples. We tried our best to eliminate these difficulties and yet to deliver the knowledge in its right sense. We hope you will agree with us after reading the book.
The book "Quick revision fast track charts on financial reporting" covers the summary of important points of ALL the standards including business combination and consolidation in CHART FORM. It helps students to revise the subject in quicker manner just before exam. Please note that, this book will help you a lot if you read it immediately after reading Ind AS made easy & Financial reporting made easy. Students are recommended to make additional notes to make their understanding of the concepts further easier.
This book has the following unique features to help:
Student friendly;
Very simple language to understand;
→ Almost every concept of Ind AS is covered in the book;
→ Summary of the Standard is presented in chart form for quick revision;
We are confident that this book would be helpful to the members of ICAI and all the students preparing for CA-FINAL, CMA-FINAL & M.Com. examinations.
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Contents
CHAPTER 1 Ind AS-10-Events Occurring After The Reporting Period
CHAPTER 2 Ind AS-8-Accounting Policies, Change in Accounting Estimate and Errors
CHAPTER 3 Ind AS-37-Provisions, Contingent liabilities, and Contingent Asset
CHAPTER 4 Ind AS-20-Accounting For Government Grants (GG)
CHAPTER 5 Ind AS-23-Borrowing Costs (BC)
CHAPTER 6 Ind AS-16-Property, Plant & Equipment (PPE)
CHAPTER 7 Ind AS-38-Intangible Assets (IA)
CHAPTER 8 Ind AS-40-Investment Property
CHAPTER 9 Ind AS-41-Agriculture
CHAPTER 10: Ind AS-36-Impairment of Assets
CHAPTER 11. Ind AS-105-Non-current Assets (NCA) held for Sale and Discontinued operations
CHAPTER 12. Ind AS-2-Inventories
CHAPTER 13. Ind AS-7-Statement of Cash Flow
CHAPTER 14. Ind AS-24-Related Party Disclosures
CHAPTER 15. Ind AS-19-Employee Benefits
CHAPTER 16. Ind AS-21-The Effects of Changes in Foreign Exchange Rates
CHAPTER 17. Ind AS-34-Interim Financial Reporting (IFR)
CHAPTER 18. Ind AS-108-Operating Segments
CHAPTER 19. Ind AS-12-Income taxes
CHAPTER 20. Ind AS-113-Fair Value Measurement
CHAPTER 21. Ind AS-115: Revenue from contracts with customers
CHAPTER 22. Ind AS-116-Leases
CHAPTER 23. Ind AS-102-Share Based Payments (SBP)
CHAPTER 24. Ind AS-27-Separate Financial Statement
CHAPTER 26. Ind AS-103-Business combinations (BC) & Corporate Restruture
CHAPTER 25: Ind AS-28-Investment in Associates and Joint Ventures
CHAPTER 27: Ind AS-110 - Consolidated Financial Statements (CFS)
CHAPTER 28: Ind AS-101 first Time Adoption of Ind AS
CHAPTER 29: Ind ASs-109, 32 & 107-Financial Instruments
CHAPTER 30: Ind AS-33-Earnings Per Share (EPS)
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Author Details
Ravi Kanth Miriyala is a practicing Chartered Accountant, mentoring students of chartered accountancy course  (IPCC/Final) over 10 years. He worked with big four audit firms such as deloitte and Price Water house and developed immense skills in the practical application various accounting standards. He has more than 10 years of practical experience to his credit in the fields of accounting and auditing of various listed and other companies. Currently, he is working as a faculty member to various levels of professional courses. He has addressed a number of courses and corporate training on AS & Ind AS consultant and has been guiding corporates on Ind AS convergence of financial statements.
CA. Sunitanjani Miriyala
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