Taxmann's Students' Guide to Ind ASs – Comprehensive | Exam-focused Resource—Offering Updated Coverage | Structured Explanations | Question Bank for CA/CMA Finals [Sept. 2025/Jan. 2026 Exams]
About this ebook
This book is intended for the following audience:
• CA Final Students – Ideal for those preparing for the Financial Reporting paper, specifically targeting the Sept. 2025 and Jan. 2026 exam sessions
• CMA Final Students – Curated to meet the requirements of the CMA Final curriculum, ensuring each relevant Ind AS topic is covered in depth
• Accounting Professionals & Practitioners – A valuable reference for professionals involved in financial reporting or those transitioning to Ind AS-based financial statements
• Academics & Researchers – Instructors, researchers, and anyone wishing to gain detailed insights into India's IFRS-converged standards can benefit from this well-structured material
The Present Publication is the 12th Edition, amended upto 30th April 2025 for Sept. 2025/Jan. 2026 Exams. This book is authored by Dr D.S. Rawat & CA. Jinender Jain has the following noteworthy features:
• [Comprehensive Syllabus Coverage] Addresses all Ind AS prescribed for CA Final and CMA Final. It also includes recent amendments, updates, and clarifications to ensure accuracy and relevance
• [Exam-oriented Approach] Maps concepts to typical exam patterns and provides illustrative examples, practice questions, and guided solutions aligned with ICAI and ICMAI expectations
• [Clear Explanations & Practical Insights] Breaks down complex standards into accessible language. It incorporates industry-relevant examples and case studies demonstrating the application of each standard
• [Logical Sequence & Chapter-wise Segmentation] Offers a systematic flow from foundational topics to advanced standards. It also incorporates summaries and highlights at the end of each chapter to reinforce key points for quick revision
• [Insights from Expert Authors] Guidance from seasoned accountants and IFRS experts with a blend of academic rigour and industry practice and includes practical insights
The book's content spans 42 chapters, laid out progressively:
• Introductory Framework
o Chapter 1 – Introduction to Ind AS
o Chapter 2 – Conceptual Framework for Financial Reporting under Ind AS
• Core Standards
o Presentation of Financial Statements (Ind AS-1)
o Inventories (Ind AS-2)
o Statement of Cash Flows (Ind AS-7)
o Accounting Policies, Changes in Estimates & Errors (Ind AS-8)
o Events after the Reporting Period (Ind AS-10)
o Income Taxes (Ind AS-12)
o Others, covering each individual standard up to Ind AS-116
• Special Topics
o Financial Instruments (Ind AS-32, Ind AS-107 & Ind AS-109)
o Consolidated Financial Statements (Ind AS-110), Joint Arrangements (Ind AS-111), Disclosure of Interests in Other Entities (Ind AS-112)
o Revenue from Contracts with Customers (Ind AS-115)
o Leases (Ind AS-116)
• Deleted/Non-Applicable Standards
o Chapters on Ind AS-29, Ind AS-104, Ind AS-106, Ind AS-114, etc., are marked as deleted or not in the current CA Final syllabus, ensuring readers focus on relevant content
• Supplementary Chapters
o Analysis of Financial Statements
o Accounting and Technology
o Professional and Ethical Duty of a Chartered Accountant
• From conceptual underpinnings to practical examples, each chapter provides a structured discussion, definitions, recognition principles, measurement rules, presentation norms, and disclosure requirements for the respective standard
The structure of the book is as follows:
• Chapter Layout – Each chapter commences with objectives and an overview of the Ind AS topic, followed by detailed explanations, step-wise illustrations, etc.
• Practical Illustrations & Case Scenarios – Realistic examples ensure clarity. Readers can see how Ind AS principles translate into day-to-day accounting tasks or complex financial transaction
• Summaries & Revision Points – Key takeaways at the end of every chapter help consolidate learning and facilitate quick revision before exams
• Question Bank & Solved Answers – A curated set of practice problems per chapter – including past exam questions and newly framed scenarios – is provided, with solutions or guiding notes enabling self-assessment and exam readiness
• Logical Progression – The text transitions from basic definitions and frameworks to more advanced standards such as financial instruments and consolidation. This ensures that foundational knowledge supports understanding of complex areas
About the author
Dr D.S. Rawat was a distinguished Chartered Accountant who spent over thirty-five years teaching and mentoring CA students (PE-II/Final). Awarded a PhD in IFRS, he was a visiting faculty member at the Institute of Chartered Accountants of India (ICAI), guiding courses on accounting standards and IFRS. He played a key role in India's convergence to IFRS and brought extensive practical experience in auditing and accounting for diverse organisations.
His notable works include Students' Guide to Auditing Standards and Students' Guide to Accounting Standards, both published by Taxmann. Though he is no longer with us, his legacy endures through his invaluable contributions to the profession and his unwavering commitment to accounting education.
Jinender Jain, a Chartered Accountant with over fourteen years of experience in financial reporting and related fields, holds an IFRS diploma and an IFRS certificate from ACCA (UK), reflecting his in-depth expertise in IFRS and Ind AS. He is a sought-after speaker who has delivered lectures on IFRS and Ind AS at various professional forums.
In addition to his speaking engagements, Mr Jain regularly contributes articles on these topics across multiple platforms, sharing his insights and practical knowledge with a wide readership.
