Taxmann Indian Accounting Standards (Ind AS) Edition July 2021

Indian Accounting Standards Amended Companies Rules 2021

Indian Accounting Standards Amended Companies Rules 2021

Description

Indian Accounting Standards (Ind AS) contains the updated Indian Accounting Standards issued under the Companies (Indian Accounting Standard) Rules, 2021.

It provides a complete understanding of the definitions, entities liable to apply Ind AS, and exemptions.

The Present Publication is the 2^nd Edition, authored by Taxmann’s Editorial Board, updated till 30^th June 2021, with the following noteworthy features:

• [Text of Indian Accounting Standard (Ind AS)] notified under Companies (Indian Accounting Standard) Rules, 2021;
• [Guide for Definitions] in Indian Accounting Standards
• [Guide on Applicability] of Indian Accounting Standards
• [Guide on Obligations to Comply with] in Indian Accounting Standards
• [Guide on Exemptions/Relaxations] in Indian Accounting Standards

The contents of the book are as follows:

Arrangement of Rules

• Short Title and Commencement
• Definitions
• Applicability of Accounting Standards
• Obligation to Comply with Indian Accounting Standards (Ind AS)
• Exemptions

General Instructions

Indian Accounting Standards (Ind AS)

• Indian Accounting Standard (Ind AS) 101: First-Time adoption of Indian Accounting Standards
• Indian Accounting Standard (Ind AS) 102: Share-Based Payment
• Indian Accounting Standard (Ind AS) 103: Business Combinations
• Indian Accounting Standard (Ind AS) 104: Insurance Contracts
• Indian Accounting Standard (Ind AS) 105: Non-Current Assets Held for Sale and Discontinued Operations
• Indian Accounting Standard (Ind AS) 106: Exploration for and Evaluation of Mineral Resources
• Indian Accounting Standard (Ind AS) 107: Financial Instruments: Disclosures
• Indian Accounting Standard (Ind AS) 108: Operating Segments
• Indian Accounting Standard (Ind AS) 109: Financial Instruments
• Indian Accounting Standard (Ind AS) 110: Consolidated Financial Statements
• Indian Accounting Standard (Ind AS) 111: Joint Arrangements
• Indian Accounting Standard (Ind AS) 112: Disclosure of Interests in Other Entities
• Indian Accounting Standard (Ind AS) 113: Fair Value Measurement
• Indian Accounting Standard (Ind AS) 114: Regulatory Deferral Accounts
• Indian Accounting Standard (Ind AS) 115: Revenue from Contracts with Customers
• Indian Accounting Standard (Ind AS) 116: Leases
• Indian Accounting Standard (Ind AS) 1: Presentation of Financial Statements
• Indian Accounting Standard (Ind AS) 2: Inventories
• Indian Accounting Standard (Ind AS) 7: Statement of Cash Flows
• Indian Accounting Standard (Ind AS) 8: Accounting Policies, Changes
  in Accounting Estimates and Errors
• Indian Accounting Standards (Ind AS) 10: Events after the Reporting Period
• Indian Accounting Standards (Ind AS) 11: Construction Contracts
• Indian Accounting Standards (Ind AS) 12: Income Taxes
• Indian Accounting Standards (Ind AS) 16: Property, Plant and Equipment
• Indian Accounting Standards (Ind AS) 17: Leases
• Indian Accounting Standards (Ind AS) 18: Revenue
• Indian Accounting Standards (Ind AS) 19: Employee Benefits
• Indian Accounting Standards (Ind AS) 20: Accounting for Government Grants and Disclosure of Government Assistance
• Indian Accounting Standards (Ind AS) 21: The Effect of Changes in Foreign Exchanges Rates
• Indian Accounting Standards (Ind AS) 23: Borrowing Costs
• Indian Accounting Standards (Ind AS) 24: Related Party Disclosures
• Indian Accounting Standards (Ind AS) 27: Separate Financial Statements
• Indian Accounting Standards (Ind AS) 28: Investments in Associates and Joint Ventures
• Indian Accounting Standards (Ind AS) 29: Financial Reporting in Hyperinflationary Economies
• Indian Accounting Standards (Ind AS) 32: Financial Instruments: Presentation
• Indian Accounting Standards (Ind AS) 33: Earnings Per Share
• Indian Accounting Standards (Ind AS) 34: Interim Financial Reporting
• Indian Accounting Standards (Ind AS) 36: Impairment of Assets
• Indian Accounting Standards (Ind AS) 37: Provisions, Contingent Liabilities and Contingent Assets
• Indian Accounting Standards (Ind AS) 38: Intangible Assets
• Indian Accounting Standards (Ind AS) 40: Investment Property
• Indian Accounting Standards (Ind AS) 41: Agriculture