Download All Accounting Standards for CA,CWA/CMA,CS Exams
Download All Accounting Standards for CA,CWA/CMA,CS Exams:Here i given all Accounting Standards which are useful to all CA,CWA,CS students.and i also given list of standards which are applicable for CA IPCC,Final .These standards are also useful to CWA ,CS Students.So they can also download below given files.
The ‘Accounting Standards’ issued and amended by the “Accounting Standards Board (ASB)” of the ICAI from time to time to establish uniform standards which have to be complied with to ensure that financial statements are prepared in accordance with generally accepted accounting standards. These standards are mandatory on the dates specified either in the respective document or by notification issued by the Council of the ICAI. Basically, the Accounting standards of the ICAI are to ensure that accounts are prepared uniformly and in line with the Indian GAAPs for better understanding of the users. Download All Accounting Standards for CA,CWA/CMA,CS Exams.
* ICAI Amends AS 2, AS 4, AS 10, AS 13, AS 14, AS 21, AS 29 and withdraws AS 6
Financial Accounting Standards. Accounting standards are needed so that financial statements will fairly and consistently describe financial performance. … These principles are “generally accepted” because an authoritative body has set them or the accounting profession widely accepts them as appropriate. Download All Accounting Standards for CA,CWA/CMA,CS Exams.
Standards issued by previous bodies were known as Statements of Standard Accounting Practice or (SSAPs). … Accounting Standards outline the specific procedures required to produce consistent and functional reports. Their purposeis also to improve the quality and the usefulness of the financial statements.
The International Accounting Standards Board (IASB) is the independent,accounting standard-setting body of the IFRS Foundation. The IASB was founded on April 1, 2001, as the successor to the International Accounting StandardsCommittee (IASC).
International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called theInternational Accounting Standards Board (IASB). … A single standard will also provide investors and auditors with a cohesive view of finances. Download All Accounting Standards for CA,CWA/CMA,CS Exams.
An accounting standard is a guideline for financial accounting, such as how a firm prepares and presents its business income, expenses, assets and liabilities, and may be in accordance to standards set by the International Accounting Standards Board (IASB). Download All Accounting Standards for CA,CWA/CMA,CS Exams.
The Ind AS are named and numbered in the same way as the corresponding International Financial Reporting Standards (IFRS). National Advisory Committee on Accounting Standards (NACAS) recommend these standards to the Ministry of Corporate Affairs (MCA).
Download All Accounting Standards for CA,CWA/CMA,CS Exams
Accounting standards are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP).Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements. Download All Accounting Standards for CA,CWA/CMA,CS Exams.
The Nature of Accounting Systems. • Accounting is the process of recording, classifying, summarizing, reporting and interpreting information about the economic activities of an organization. • … The financial information captured by theaccounting system is usually communicated through reports called financial statements. Download All Accounting Standards for CA,CWA/CMA,CS Exams.
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.
View the Standard. The International Accounting Standards Board (the Board) wasestablished in 2001 and is the independent standard-setting body of the IFRS Foundation, an independent, private sector, not-for-profit organisation working in the public interest. Download All Accounting Standards for CA,CWA/CMA,CS Exams.
One of the major differences is that the series of standards in the IAS were published by the International Accounting Standards Committee (IASC) between1973 and 2001, whereas, the standards for the IFRS were published by theInternational Accounting Standards Board (IASB), starting from 2001.
Standards that were issued by IASC (the predecessor of IASB) are still within use today and go by the name International Accounting Standards (IAS), while standards issued by IASB are called IFRS. IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC).
International Accounting Standard 8 Accounting Policies, Changes inAccounting Estimates and Errors or IAS 8 is an international financial reportingstandard (IFRS) adopted by the International Accounting Standards Board (IASB).
Rules of accounting that should be followed in preparation of all accounts and financial statements. The four fundamental concepts are. (1) Accruals concept: revenue and expenses are recorded when they occur and not when the cash is received or paid out; … Other concepts include.
Accounting Standards. As of 2010, the Institute of Chartered Accountants of India has issued 32 Accounting Standards. These are numbered AS-1 to AS-7 and AS-9 to AS-32 (AS-8 is no longer in force since it was merged with AS-26).
Generally accepted accounting principles (GAAP) are a common set ofaccounting principles, standards and procedures that companies must follow when they compile their financial statements.
For a business, the full disclosure principle requires a company to provide the necessary information so that people who are accustomed to reading financial information can make informed decisions concerning the company. … the company’s financial statements including any supplementary schedules and notes (or footnotes).
CAP was replaced by the Accounting Principles Board (APB) 20 years later. The APB began issuing opinions about major accounting topics to be adopted by business accountants, which could then be imposed on publicly traded companies by the SEC. In 1973, the APB gave way to the Financial Accounting Standards Board (FASB).
Definition: A disclosure is additional information attached to an entity’s financial statements, usually as explanation for activities which have significantly influenced the entity’s financial results.
The SEC does not set GAAP; GAAP is primarily issued by the Financial Accounting Standards Board (FASB). Government entities, however, must follow a different set of GAAP standards as determined by the Governmental Accounting Standards Board (GASB).
Accountants sometimes include important notes regarding a company’s assets, liabilities or equity on financial statements. Notes can be added as an attachment to a financial statement or as a footnote. Financial notes regarding disclosurescan appear on income statements, balance sheets and the adjusted general ledger. Download All Accounting Standards for CA,CWA/CMA,CS Exams.rad
CA – IPCC/IPC – Group I
- AS 1 : Disclosure of Accounting Policies
- AS 2 : Valuation of Inventories
- AS 3 : Cash Flow Statements
- AS 6 : Depreciation Accounting
- AS 7 : Construction Contracts (Revised 2002)
- AS 9 : Revenue Recognition
- AS 10 : Accounting for Fixed Assets
- AS 13 : Accounting for Investments
- AS 14 : Accounting for Amalgamations
CA – IPCC/IPC – Group II
- AS 4 : Contingencies and Events occurring after the Balance Sheet Date
- AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting
- AS 11 : The Effects of Changes in Foreign Exchange Rates (Revised 2003)
- AS 12 : Accounting for Government Grants
- AS 16 : Borrowing Costs
- AS 19 : Leases
- AS 20 : Earnings Per Share
- AS 26 : Intangible Assets
- AS 29 : Provisions, Contingent Liabilities and Contingent Assets
- AS 1 – Disclosure of Accounting Policies
- AS 2 – Valuation of Inventories
- AS 3 – Cash Flow Statements
- AS 5 – Net Profit or Loss for the Period, Prior Period Items, and Changes in Accounting Policies
- AS 6 – Depreciation Accounting
- AS 9 – Revenue Recognition
- AS 10 – Accounting for Fixed Assets
- AS 12 – Accounting for Government Grants
- AS 14 – Accounting for Amalgamations
- AS 16 – Borrowing Costs
- AS 18 – Related Party Disclosure
- AS 21 – Consolidated Financial Statements
- AS 22 – Accounting for Taxes in Income
- AS 23 – Accounting for Investments in Associates in Consolidated Financial Statements
- AS 24 – Discontinuing Operations
- AS 25 – Interim Financial Reporting
- AS 26 – Intangible Assets
- AS 27 – Financial Reporting of Interests in Joint Ventures
- AS 28 – Impairment of Assets Part 1
- AS 28 – Impairment of Assets Part 2
AS 1 Disclosure of Accounting Policies
AS 2 Valuation of Inventories
AS 3 Cash Flow Statements
AS 4 Contingencies and Events Occuring after the Balance Sheet Date
AS 5 Net Profit or Loss for the period,Prior Period Items and Changes in Accounting Policies
AS 6 Depreciation Accounting
AS 7 Construction Contracts (revised 2002)
AS 8 Accounting for Research and Development
AS 9 Revenue Recognition
AS 10 Accounting for Fixed Assets
AS 11 The Effects of Changes in Foreign Exchange Rates (revised 2003),
AS 12 Accounting for Government Grants
AS 13 Accounting for Investments
AS 14 Accounting for Amalgamations
AS 15 (revised 2005) Employee Benefits
Limited Revision to Accounting Standard (AS) 15, Employee Benefits (revised 2005)
AS 15 (issued 1995)Accounting for Retirement Benefits in the Financial Statement of Employers
AS 16 Borrowing Costs
AS 17 Segment Reporting
AS 18, Related Party Disclosures
AS 19 Leases
AS 20 Earnings Per Share
AS 21 Consolidated Financial Statements
AS 22 Accounting for Taxes on Income.
AS 23 Accounting for Investments in Associates in Consolidated Financial Statements
AS 24 Discontinuing Operations
AS 25 Interim Financial Reporting
AS 26 Intangible Assets
AS 27 Financial Reporting of Interests in Joint Ventures
AS 28 Impairment of Assets
AS 29 Provisions,Contingent` Liabilities and Contingent Assets