Taxmann’s New Accounting Standards {AS} (Notified Under Companies Act 2013 and Enfoeced with Effect Form 1-4-2021) Edition 2021
Taxmann’s New Accounting Standards {AS} (Notified Under Companies Act 2013 and Enfoeced with Effect Form 1-4-2021) Edition 2021
Description
Taxmann’s New Accounting Standards {AS} (Notified Under Companies Act 2013 and Enfoeced with Effect Form 1-4-2021) Edition 2021
Description
New Accounting Standards (AS) contains the updated Accounting Standards issued under the Companies (Accounting Standard) Rules, 2021, with effect from 01-04-2021. It also provides an overview of all changes incorporated in the new Accounting Standards vis-à-vis the previous version; in other words, it presents a comparative study of Accounting Standard Rules 2006 & Accounting Standards Rules 2021.
The Present Publication is the Latest Edition, authored by Taxmann’s Editorial Board, updated till 24th June 2021, with the following noteworthy features:
- [Text of New Accounting Standard Rules, 2021] notified under Companies (Accounting Standard) Rules, 2021 (Enforced w.e.f. 1-4-2021);
- [Complete Checklist] on the applicability of Accounting Standards for Small and Medium Companies (SMCs) and Non-SMCs; and
- [Detailed Guide on Exemptions/Relaxations] in Accounting Standards for SMCs
The contents of the book are as follows:
- Arrangement of Rules
- Short Title and Commencement
- Definitions
- Accounting Standards
- Obligation to Comply with Accounting Standards
- Qualification for Exemption or Relaxation in respect of SMC
- General Instructions
- Accounting Standards
- Accounting Standard (AS) 1: Disclosure of Accounting Policies
- Accounting Standard (AS) 2: Valuation of Inventories
- Accounting Standard (AS) 3: Cash Flow Statements
- Accounting Standard (AS) 4: Contingencies and Events occurring after the Balance Sheet Date
- Accounting Standard (AS) 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
- Accounting Standard (AS) 7: Construction Contracts
- Accounting Standard (AS) 9: Revenue Recognition
- Accounting Standard (AS) 10: Property, Plant and Equipment
- Accounting Standard (AS) 11: 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: 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 Interests in Joint Ventures
- Accounting Standard (AS) 28: Impairment of Assets
- Accounting Standard (AS) 29: Provisions, Contingent Liabilities and Contingent Assets
About the author
Taxmann
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