Description

Taxmann Students Guide to Accounting Standards (Including Introduction of Ind AS) For CA Intermediate New Syllabus by D S Rawat & Nozer Shroff Applicable for May 2024 Exam

Taxmann Students Guide to Accounting Standards (Including Introduction of Ind AS) For CA Intermediate New Syllabus by D S Rawat & Nozer Shroff Applicable for May 2024 Exam

Description

This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the revised syllabus per ICAI under the New Scheme of Education and Training. It applies to Group 1/Paper 1 – Accounting & Group 2/Paper 5 – Advanced Accounting.

This book presents the accounting standards in simple language and equips the reader to apply the accounting standards.

The Present Publication is the 10^th Edition & updated till 30^th April 2023 for CA-Inter | Nov. 2023 Exam. This book is authored by Dr D.S. Rawat & CA Nozer Shroff, with the following noteworthy features:

• [Format of the Book]:
• Covering Revised Syllabus of Paper 1 (Accounting) and Paper 5 (Advanced Accounting) of CA-Intermediate (New Syllabus)
• [Chapters 1-10] cover Accounting Standards (AS) applicable for the ‘Accounting’ Paper of CA-Inter (Group1)
• [Chapters 11-23] covers AS applicable for the ‘Advanced Accounting’ Paper of CA-Inter (Group 2)
• [Coverage of this Book] includes:
• All 21 Accounting Standards (AS)
• Other chapters relating to AS of the new syllabus, as prescribed by the ICAI
• [Problems & Solutions] Questions on Accounting Standards of past examinations have been incorporated into the respective AS.
• [Past Exam Questions & Answers] are included in this book
• [Student-Oriented Book] The authors have developed this book keeping in mind the following factors:
• Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
• Shaped by the author’s experience of teaching the subject matter at different levels
• Reactions and responses of students have also been incorporated at different places in the book

The detailed contents of this book are as follows:

Introduction to Accounting Standards and Indian Accounting Standards

Framework for the Preparation and Presentation of Financial Statements

Group 1 – Paper 1 (Accounting)

• AS-1 | Disclosure of Accounting Policies
• AS-2 | Valuation of Inventories
• AS-3 | Cash Flow Statement
• AS-10 | Property, Plant and Equipment
• AS-11 | The Effects of Changes in Foreign Exchange Rates
• AS-12 | Accounting for Government Grants
• AS-13 | Accounting for Investments
• AS-16 | Borrowing Costs

Group 2 – Paper 5 (Advanced Accounting)

• AS-4 | Contingencies and Events occurring after the Balance Sheet date
• AS-5 | Net Profit or loss for the period, prior period items and change in accounting policies
• AS-7 | Construction Contracts
• AS-9 | Revenue Recognition
• AS-14 | Accounting for Amalgamation
• AS-17 | Segment Reporting
• AS-18 | Related Party Disclosure
• AS-19 | Accounting for Leases
• AS-20 | Earnings Per Share
• AS-22 | Accounting for Taxes on Income
• AS-24 | Discontinuing Operations
• AS-26 | Intangible Assets
• AS-29 | Provisions, Contingent Liabilities and Contingent Assets

About the Author

Dr. D.s. Rawat is a Chartered Accountant, teaching/guiding the c.A. students (PE-II/Final) since last 30 years. He has been awarded Ph.D. in IFRS. He is a visiting faculty to ICAI for the courses on Accounting Standards and IFRS and associated with the ICAI in convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS). He has more than 30 years of practical experience in the field of accounts/audit of various organizations/companies. He is also the author of book ‘Students’ Guide to Auditing Standards”