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Indian Accounting Standards

Indian Accounting Standards

Author: Asish Bhattacharyya
Publisher: McGraw Hill
ISBN: 9780070617858
Published In: April 2006
Format: Paperback
Jurisdiction: India ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

Indian Accounting Standards comprehensively covers the Accounting Standards issued by ICAI. The book covers the interpretations as well as the opinions of the Experts Advisory Committee (EAC) of ICAI on Accounting Standards. In addition, it explains the Guidance Note on Accounting for Employee Share Based Payments' and helps understand accounting for financial instruments based on IAS-32 and IAS-39. Another highlight of the book is the discussion on International Financial Standards (IFRS), to the corresponding AS. Besides these, the book provides a comparison of AS with IFRS and US GAAP.

Indian Accounting Standards will help professional accountants and accounting educators in their day-to-day work. Students pursuing professional courses in accountancy will also find the book useful. Accounting professionals based out of India will find the book valuable in understanding Indian GAAP vis-a-vis IFRS and US GAAP.

Key features

Special Features

Covers all pronouncements issued by ICAI up to December 2005 and all important pronouncements issued by IASB and FASB up to December 2005.

Provides comprehensive guidance on all the 29 Accounting Standards issued by ICAI

Provides comprehensive guidance on all IFRS, which corresponds to AS.

Covers all Accounting Standards Interpretations and important EAC opinions issued by ICAI.

Explains Accounting Principles with examples.

Provides comparisons of AS, IFRS and US GAAP in tabular form

Chapter 1. The Conceptual Framework

Chapter 2. Balance Sheet Presentation

Chapter 3. Profit and Loss Account Presentation

Chapter 4. Accounting Standard-1, Disclosure of Accounting Policies

Chapter 5. Accounting Standard-2, Valuation of Inventories

Chapter 6. Accounting Standard-3, Cash Flow Statement

Chapter 7. Accounting Standard-4, Contingencies and Events Occurring After the Balance Sheet Date

Chapter 8. Accounting Standard-5, Net Profit or Loss for the Period, Prior Period Items and Change in Accounting Policies

Chapter 9. Accounting Standard-6, Depreciation Accounting

Chapter 10. Accounting Standard-7, Construction Contracts

Chapter 11. Accounting Standard-9, Revenue Recognition

Chapter 12. Accounting Standard-10, Accounting for Fixed Assets

Chapter 13. Accounting Standard-11, Changes in Foreign Exchange Rates

Chapter 14. Accounting Standard-12, Accounting for Government Grants

Chapter 15. Accounting Standard-13, Accounting for Investments

Chapter 16. Accounting Standard-14, Accounting for Amalgamations

Chapter 17. Accounting Standard-15, Employee Benefits

Chapter 18. Accounting Standard-16, Borrowing Costs

Chapter 19. Accounting Standard-17, Segment Reporting

Chapter 20. Accounting Standard-18, Related Party Disclosures

Chapter 21. Accounting Standard-19, Accounting for Leases

Chapter 22. Accounting Standard-20, Earning Per Share

Chapter 23. Accounting Standard-21, Consolidated Financial Statements

Chapter 24. Accounting Standard-22, Accounting for Taxes on Income

Chapter 25. Accounting Standard-23, Accounting for Investments in Associates in Consolidated Financial Statements

Chapter 26. Accounting Standard-24, Discounting Operations

Chapter 27. Accounting Standard-25, Interim Financial Reporting

Chapter 28. Accounting Standard-26, Accounting for Intangible Assets

Chapter 29. Accounting Standard-27, Financial Reporting of Interests in Joint Ventures

Chapter 30. Accounting Standard-28, Impairment of Assets

Chapter 31. Accounting Standard-29, Provisions, Contingent Liabilities and Contingent Assets

Chapter 32. GN (A) -18, Guidance Note on Accounting for Employee Share-Based Payments

Chapter 33. Financial Instruments

Asish Bhattacharyya
Asish K Bhattacharyya is a Professor of Finance and Control at the Indian Institute of Management Calcutta (IIMC). Prior to joining IIMC, he was Technical Director at the Institute of Chartered Accountants of India (ICAI). Earlier, he was Professor at S.P. Jain Institute of Management and Research, Mumbai. Dr Bhattacharyya also held senior positions in industry for nearly two decades. He then shifted academia in 1993. Dr Bhattacharyya obtained his doctoral degree (D.Phil) from Allahabad University. He is a Fellow of the Institute of Chartered Accountants of India and also a Fellow of the Institute of Cost and Works Accountants of India.