Taxmann's Students' Guide to Accounting Standards

The Present Publication authored by Dr. D.S. Rawat, is the 5th Edition for New Syllabus (Updated till 31-10-2020), with the following noteworthy features:


• This book has been written as per the following:


𝚘 Revised syllabus of Paper 1 and Paper 5 of CA-Intermediate (New Syllabus)


𝚘 Section-wise weightage of chapters, as prescribed by the ICAI, for examination purpose. In other words, 25% weightage is assigned to AS in each of Paper 1 of Accounting and Paper 5 of Advanced Accounting


• Coverage of this book includes:


𝚘 All 21 Accounting Standards (AS)


𝚘 Other chapters relating to AS of new syllabus prescribed by the ICAI


• Questions on Accounting Standards of past examinations have also been incorporated in respective AS.


• Contents of this book are as follows:





Group I – Paper 1 (Accounting)


𝚘 Introduction to AS and Indian Accounting Standards (IND AS)


𝚘 Framework for the Preparation and Presentation of Financial Statements


𝚘 Disclosure of Accounting Policies (AS-1)


𝚘 Valuation of Inventories (AS-2)


𝚘 Cash Flow Statement (AS-3)


𝚘 Property, Plant and Equipment (AS-10)


𝚘 The effects of Changes in Foreign Exchange Rates (AS-11)


𝚘 Accounting for Government Grants (AS-12)


𝚘 Accounting for Investments (AS-13)


𝚘 Borrowing Costs (AS-16)





Group II – Paper 5 (Advanced Accounting)


𝚘 Contingencies and events occurring after the Balance Sheet date (AS-4)


𝚘 Net Profit or loss for the period, prior period items and change in accounting policies (AS-5)


𝚘 Construction Contracts (AS-7)


𝚘 Revenue Recognition (AS-9)


𝚘 Accounting for Amalgamation (AS-15)


𝚘 Segment Reporting (AS-17)


𝚘 Related Party Disclosure (AS-18)


𝚘 Accounting for Leases (AS-19)


𝚘 Earnings Per Share (AS-20)


𝚘 Accounting for Taxes on Income (AS-22)


𝚘 Discontinuing Operations (AS-24)


𝚘 Intangible Assets (AS-26)