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