Taxmann's Ind AS Ready Reckoner

Incorporating Companies (Indian Accounting Standards) Amendment Rules 2021 
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Description
As most of you might have been aware, our previous works on Ind AS and Auditing gained momentum in the student community of ICAI at intermediate and final levels. Ever since then, working on a practical book for members has been our brainchild though the time permitted as only now Moreover, most of our students who entered the practicing employment field post qualification shared their feedback has expressing their need for a simple and practical work on Ind AS to guide them in their day-to-day routine. This pushed us to work tirelessly for past few months to bring out this our maiden work for the member community. As we have been catering to the student community for more than a decade, we understand how difficult it is for members to cope up with various developments in the accounting standards' area to keep up-to-date. Moreover, ever since Indian standards started aligning themselves with the global counterpart, it added further to the complexity. To assist members in practice employment  with a one stop reference and including practical and lucid explanations  /illustrations on complex matters, care has been taken to make your reading experience enjoyable. Every attempt has been made to explain the concepts in simplistic manner and yet without diluting the content of the standard

Salient features of the book
• Covers all the amendments till June 2021
• Number of illustrations & process flow charts to understand the provision of Ind AS
• Covers entire standard, application guidance, FAQs of educational material issued by ICAI and
  Illustrative examples issued by IASB
• Covers the differences between Ind AS & AS as well as Ind AS & IFRS at the end of every standard.
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Contents
Ind AS 1 – Presentation of Financial Statements
Ind AS 2 – Inventories
Ind AS 7 – Statement of Cash Flow
Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
Ind AS 10 – Events after the Reporting Period
Ind AS 12 – Income Taxes
Ind AS 16 – Property, Plant and Equipment (PPE)
Ind AS 19 – Employee Benefits
Ind AS 20 – Accounting for Government Grants
Ind AS 21 – The Effects of Changes in Foreign Exchange Rates
Ind AS 23 – Borrowing Costs
Ind AS 24 – Related Party Disclosures
Ind AS 27 – Separate Financial Statements
Ind AS 28 – Investment in Associates and Joint Ventures
Ind AS 33 – Earnings Per Share (EPS)
Ind AS 34 – Interim Financial Reporting (IFR)
nd AS 36 – Impairment of Assets
Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets
Ind AS 28 – Intangible Assets
Ind AS 40 – Investment Property
Ind AS 41 – Agriculture
Ind AS 101 – First-time Adoption of Indian Accounting Standards
Ind AS 102 – Share-Based Payments
Ind AS 103 – Business Combinations
Ind AS 104 – Insurance Contracts
Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations
Ind AS 106 – Exploration for and Evaluation of Mineral Resources
Ind AS 108 – Operating Segments
Ind AS 109, 32 & 107 – Financial Instruments
Ind AS 110 – Consolidated Financial Statements
Ind AS 111 – Joint Arrangements
Ind AS 112 – Disclosure of Interest in Other Entities
Ind AS 113 – Fair Value Measurement
Ind AS 114 – Regulatory Deferral Accounts
Ind AS 115 – Revenue from Contracts with Customers
Ind AS 116 – Leases
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Author Details

CA Ravi Kanth Miriyala, is a practicing Chartered Accountant with over fourteen years of professional experience in Accounting and Auditing. He has worked with Deloitte & PwC for over six years and accomplished audits both in Indian and US GAAP. In this role of Principal Consultant (Ind AS Projects), he has advised companies on issues related to identification of differences between Ind AS and their existing accounting policies, impact assessment on the transition to Ind AS, evaluation of policy options available under Ind AS, finalization of Ind AS accounting policies, preparation of Ind AS opening balance sheet on the transition date and various disclosure requirement as per the new standard.A prolific writer and authored academic books for CA Inter & Final students on Accounting Standards and Ind AS.
CA Sunitanjani Miriyala, is a practicing Chartered Accountant with eleven years of professional experience in Accounting and Auditing. She played an active role in Ind AS Convergence projects and authored academic books for CA Inter & Final students on Accounting Standards and Ind AS. --This text refers to the paperback edition.