Applicable for November 2023 Examination.
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This book is prepared exclusively for the Final Level of Chartered Accountancy & Cost Accounts Examination requirement. It covers the entire revised syllabus as per ICAI/ICMAI.
This book serves as a guide for both students & professionals. It has been written to present the complex text of Ind ASs in a simple language and to develop the ability of the students to apply these Ind ASs in their given situations.
The Present Publication is the 11th Edition & updated till 30th April 2023 for CA/CMA Final | Nov. 2023 Exam. This book is authored by Dr D.S. Rawat & CA Pooja Patel with the following noteworthy features:
• [Simplified Language with Examples] for explaining the text of Ind ASs
• [Questions with their Solutions] at the end of each chapter
• [Comparison of each Ind AS with corresponding IFRS] is covered in this book
• [Coverage of Past Exam Questions & Answers]
• [Suggested Answers for the Paper on Financial Reporting] has been incorporated along with more problems and examples to make it as per the examination pattern for the forthcoming examination
• [Most Amended] This book is updated till 31-10-2022
• [Follows Six-Sigma Approach] to achieve the Benchmark of Zero-Error
• [Student-Oriented Book] The author has developed this book keeping in mind the following factors:
- Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
- Shaped by the author's experience of teaching the subject matter at different levels
- Reactions and responses of students have also been incorporated at different places in the book
Contents of this book are as follows:
• Introduction to Indian Accounting Standards (Ind AS)
• Conceptual Framework for Financial Reporting under Ind AS
• Presentation of Financial Statements (Ind AS-1)
• Inventories (Ind AS-2)
• Statement of Cash Flows (Ind AS-7)
• Accounting policies, changes in accounting estimates and errors (Ind AS-8)
• Events after the reporting period (Ind AS-10)
• Construction Contracts (Ind AS-11) | Deleted | Not in CA-Final Syllabus
• Income Taxes (Ind AS-12)
• Property, Plant and Equipment (Ind AS-16)
• Leases (Ind AS-17) | Deleted | Not in CA Final Syllabus
• Revenue (Ind AS-18) | Deleted | Not in CA Final Syllabus
• Employee Benefits (Ind AS-19)
• Accounting for Government grants and disclosures of Government assistance (Ind AS-20)
• The effects of changes in Foreign Exchange Rates (Ind AS-21)
• Borrowing Cost (Ind AS-23)
• Related Party Disclosure (Ind AS-24)
• Separate Financial Statements (Ind AS-27)
• Investments in Associates and Joint Ventures (Ind AS-28)
• Financial reporting in hyperinflationary economies (Ind AS-29) | Deleted | Not in CA Final Syllabus
• Earnings Per Share (Ind AS-33)
• Interim Financial Reporting (Ind AS-34)
• Impairment of Assets (Ind AS-36)
• Provisions, Contingent Liabilities and Contingent Assets (Ind AS-37)
• Intangible Assets (Ind AS-38)
• Investment Property (Ind AS-40)
• Agriculture (Ind AS-41)
• First-time adoption of Indian Accounting Standards (Ind AS-101)
• Share-based payments (Ind AS-102)
• Business Combinations (Ind AS-103)
• Insurance Contracts (Ind AS-104) | Deleted | Not in CA Final Syllabus
• Non-current assets held for sale and discontinued operations (Ind AS-105)
• Exploration for and evaluation of mineral resources (Ind AS-106) | Deleted | Not in CA Final Syllabus
• Operating segments (Ind AS-108)
• Financial instruments: Recognition, presentation, and disclosure (Ind AS-32), (Ind AS-107), (Ind AS-109)
• Consolidated financial statements (Ind AS-110)
• Joint arrangements (Ind AS-111)
• Disclosure of interest in other entities (Ind AS-112)
• Fair value measurement (Ind AS-113)
• Regulatory deferral accounts (Ind AS-114) | Deleted | Not in CA Final Syllabus
• Revenue from contracts with customers (Ind AS-115)
• Leases (Ind AS-116)