Commercial Ind As Simplified A Comprehensive Commentary Explained with Illustrations By Anand J Banka Edition July 2021

 2,020

Key features of the book

  • Lucid commentary with Conceptual Explanations & Examples
  • Includes Commentary on Ind AS 116 with examples
  • Includes all amendments till 31 March 2021 including latest amendments to Schedule III
  • Amended by IND As amendment Rules dated 18-06-2021

 

Commercial Ind As Simplified A Comprehensive Anand J Banka

Commercial Ind As Simplified A Comprehensive Anand J Banka

Description

This book is an attempt to make the understanding of the Ind AS simple through lucid explanations and illustrations for each concept. The book contains industry-wise impact study, easy and quick referencer of standards, standard-wise list of exemptions and exceptions, comparison with Accounting Standards (AS) and Income Computation and Disclosure Standards (ICDS), and many more. This book also contains a significant number of practical issues. The views of Ind AS Transition Facilitation Group (ITFG) of ICAI and Educational Materials issued by ICAI have also been duly considered while analyzing the concepts and are accordingly presented in the book. Author believes this book will simplify the standards for the readers and also help them in implementing Ind AS.

This book helps understand: what are Ind AS; how to transition to Ind AS from Indian GAAP; how Ind AS affects the key components of financial statements; how accounting information is to be disclosed in the financial statements; and much more. The book presents the fundamental accounting concepts of Ind AS, explains the concepts like Other Comprehensive Income, deferred taxes, financial instruments, business combinations, etc. in lucid language, and also presents the Ind AS, e.g. Ind AS 115 Revenue from contracts with customers, Ind AS 116 Leases and others.
The book also contains more than 500 MCQS and questions for practice for the students of Chartered Accountancy and Professionals appearing for certification courses on Ind AS.
Also book contains a chapter on COVID-19, where impact on financial reporting are discussed in Q&A format

Key features of the book

  • Lucid commentary with Conceptual Explanations & Examples
  • Includes Commentary on Ind AS 116 with examples
  • Includes all amendments till 31 March 2021 including latest amendments to Schedule III
  • Multiple Choice Questions (MCQs) and Practice Questions for students
  • Standard-wise carve-outs between IFRS and Ind AS
  • FAQs on MCA Notifications for Roadmap/ Applicability of Ind AS
  • Practical issues on Ind AS including analysis of ITFG Bulletins and Educational Material
  • Impact of Ind AS on different sectors
  • Minimum Alternate Tax impact on Ind AS adjustments
  • Including Illustrative Financial Statements based on Ind AS
  • Amended by IND As amendment Rules dated 18-06-2021

Contents

Division I Quick Referencer

Division II Road map And Impact

Division III Ind As – Analysed

Division IV Other Relevant Topics

Division V Illustrative Financial Statements

Division VI Multiple Choice Questions

About the Author

Anand Banka :

CA Anand Banka is a Fellow Member of ICAI. He is employed as Technical Head  Financial Reporting with a natural resource company. Anand has over 13 years of experience of accounting and audit, especially in International Financial Reporting Standards (IFRS)/ Indian Accounting Standards (Ind AS) domain. His experience includes implementing IFRS/ Ind AS in companies across sectors. He has been involved in the accounting standard setting process, both Ind AS and AS, with the ICAI. He is also a prolific speaker with seminars across various countries on IFRS, Indian Accounting Standards, Companies Act, etc. Other notable achievements and contributions include: He has Authored the books Ind AS Simplified, Comprehensive Guide to Ind AS Implementation and Comprehensive Guide to Indian GAAP, published by CCH. He is a Special Invitee on the Accounting Standards Board (ASB) of the ICAI. He is one of the best rated faculties for the Certificate Course on IFRS/ Ind AS of ICAI, across India, Nepal and UAE. He has been an Asian-Oceanian Standard-Setters Group (AOSSG) Trainer in Nepal for the Nepal IFRS Centre of Excellence. He has been a Coordinator and Faculty for National Mission on Education of Ministry of Human Resource Development (MHRD, Govt. of India) for Implementation of Accounting Standards in Educational Institutes like IITs and IIMs. He has been Subject Editor for books on financial accounting and reporting. He has penned several articles that have appeared in professional publications like Bombay Chartered Accountants Journal (BCAJ) and WIRC Reference Manual.

Weight 1.5 kg
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