Taxsathi Indian Accounting Standards list

Indian Accounting Standards list


Indian Accounting Standards are nothing but written, policy documents issued by ASB ( Accounting Standard Body) of ICAI.

In India AS Accounting Standard mandatory for Companies,

Indian Accounting Standards.Financial Reporting authority is the new name of NACAS. In Companies Act,2013. the nomenclature of National Advisory Committee on  Accounting Standards (NSCAS) has been changed as National Financial Reporting Authority (NFRA).

 Indian Accounting Standards list
 Indian Accounting Standards list

Indian Accounting Standards list


Accounting Standard
Tittle of Accounting Standard
Accounting Standard(AS)1
Disclosure of
Accounting Policies
Accounting Standard(AS) 2
Valuation of
Inventories

Accounting Standard(AS) 3 (Revised)

Cash Flow
Statements
Accounting Standard(AS) 4 (Revised)

Contingencies
and Events
Occurring after
the Balance Sheet
Date
Accounting Standard(AS) 5 (Revised)

Net Profit or
Loss for the Period
, Prior Period
Items and Changes
in Accounting
Policies
Accounting Standard(AS) 6 (Revised)

Depreciation
Accounting
Accounting Standard(AS) 7 (Revised)

Construction
Contracts
Accounting Standard(AS) 8

Withdrawn and included in
Accounting
Standard-26

Accounting Standard(AS) 9

Revenue
Recognition
Accounting Standard(AS) 10

Property,
Plant and
Equipment
Accounting Standard(AS) 11
(Revised 2003)
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
(Revised 2005)

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
Interest in
Joint Ventures
Accounting Standard(AS) 28
Impairment of
Assets

Accounting Standard(AS) 29

Provisions
Contingent
Liabilities and
Contingent
Assets
Accounting Standard(AS) 30

Financial
Instruments
Recognition and Measurements
Accounting Standard(AS) 31
Financial Instruments 
Presentation

Accounting Standard(AS) 32
Financial Instruments Disclosures

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FAQ Regarding Indian Accounting Standard


How many Accounting Standard is there?

30 Accounting Standard is left after Accounting Standard 6 merge with Accounting Standard 10 and Accounting Standard 8 merger with Accounting standard 26.


Who is issue Accounting Standard in India?

ICAI has issued Accounting Standard in India.


What is the limitation of Accounting Standard?

Accounting Standard cannot override the statute (law).


Which Accounting Standard merges with Accounting Standard 26?

Accounting Standard 8 is merge with Accounting Standard 26.


On which Accounting Standard is mandatory.

For Companies Accounting Standard are mandatory.


Accounting Standaard: 7 Stand for.

Construction Contracts.


The Accounting Standard gives a disadvantage.

  •  It eliminates flexibility.
  •  it Leads to rigidity.


What is the full form of APB?

APB full form is the Accounting principle board.



Conclusion

In this article, you have learned about IndianAccounting Standard List. There are 30 Accounting Standard is issued by the ASB (Accounting Standard Body) of ICAI(Insitute of Charted Accountant Of India).
For further information about Accounting Standard you can ask me in the comment section.


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