ACCOUNTING STANDARDS Made Easy For CA-IPCC 2017 by CA Ravikanth Mirlaya

Preface to Accounting Standards (Very Important)

Framework for Preparation and Presentation of Financial Statements

CHAPTER 1       AS 1 – Disclosure of accounting policies

CHAPTER 2       AS 2 – Valuation of Inventories

CHAPTER 3       AS 3 – Cash flow statement

CHAPTER 4       AS 4 – Contingencies and events occurring after the balance sheet date

CHAPTER 5       AS 5 – Net profit or loss for the period, prior period items and changes in accounting policies

CHAPTER 6       AS 7 – Construction Contracts

CHAPTER 7       AS 9 – Revenue Recognition

CHAPTER 8       AS 10 – Property, Plant & Equipment (PPE)

CHAPTER 9       AS 11 – The effects of changes in Foreign Exchange Rates

CHAPTER 10     AS 12 – Accounting for Government Grants

CHAPTER 11     AS 13 – Accounting for investments

CHAPTER 12     AS 14 – Accounting for amalgamation

CHAPTER 13     AS 16 – Borrowing costs

CHAPTER 14     AS 19 – Leases

CHAPTER 15     AS 20 – Earnings per share

CHAPTER 16     AS 26 – Intangible assets

CHAPTER 17     AS 29 – Provisions, contingent liabilities and contingent assets