Accounting Standards (AS)

Accounting Standards (AS) contains the updated Accounting Standards Rules, 2021, notified under the Companies Act, 2013, [enforced with effect from 01-04-2021].

The Present Publication is the July 2023 Edition, updated till 18th July 2023. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:

[Text of New Accounting Standard Rules, 2021] notified under Companies Act, 2013 (Enforced w.e.f. 1-4-2021)
[Detailed Guide on Exemptions/Relaxations] in Accounting Standards for Small and Medium Companies (SMCs)
[Complete Checklist] on the applicability of Accounting Standards for SMCs and Non-SMCs
The contents of the book are as follows:

Arrangement of Rules
Short Title and Commencement
Definitions
Accounting Standards
Obligation to Comply with Accounting Standards
Qualification for Exemption or Relaxation in respect of SMC
General Instructions
Accounting Standards
Accounting Standard (AS) 1: Disclosure of Accounting Policies
Accounting Standard (AS) 2: Valuation of Inventories
Accounting Standard (AS) 3: Cash Flow Statements
Accounting Standard (AS) 4: Contingencies and Events occurring after the Balance Sheet Date
Accounting Standard (AS) 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
Accounting Standard (AS) 7: Construction Contracts
Accounting Standard (AS) 9: Revenue Recognition
Accounting Standard (AS) 10: Property, Plant and Equipment
Accounting Standard (AS) 11: The Effects of Changes in Foreign Exchange Rates
Accounting Standard (AS) 12: Accounting for Government Grants
Accounting Standard (AS) 13: Accounting for Investments
Accounting Standard (AS) 14: Accounting for Amalgamations
Accounting Standard (AS) 15: Employee Benefits
Accounting Standard (AS) 16: Borrowing Costs
Accounting Standard (AS) 17: Segment Reporting
Accounting Standard (AS) 18: Related Party Disclosures
Accounting Standard (AS) 19: Leases
Accounting Standard (AS) 20: Earnings Per Share
Accounting Standard (AS) 21: Consolidated Financial Statements
Accounting Standard (AS) 22: Accounting for Taxes on Income
Accounting Standard (AS) 23: Accounting for Investments in Associates in Consolidated Financial Statements
Accounting Standard (AS) 24: Discontinuing Operations
Accounting Standard (AS) 25: Interim Financial Reporting
Accounting Standard (AS) 26: Intangible Assets
Accounting Standard (AS) 27: Financial Reporting of Interests in Joint Ventures
Accounting Standard (AS) 28: Impairment of Assets
Accounting Standard (AS) 29: Provisions, Contingent Liabilities and Contingent Assets