List of Indian Accounting Standards (Converged Ind AS)

List of Indian Accounting Standards issued by MCA (Converged Ind AS)

The MCA had notified the Ind AS via the Companies (Indian Accounting Standards) Rules, 2015. Subsequently, the MCA has notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 to carry out certain amendments/ omissions in the above Ind ASs and to introduce two new Ind AS 11 and 18.

Summary Lists of Converged Ind AS issued by the MCA

A. Ind AS issued under Companies (Ind AS) Rules 2015Remarks
Ind AS 101 – First-time Adoption of Indian Accounting StandardsAmended*
Ind AS 102 – Share-based Payment
Ind AS 103 – Business CombinationsAmended*
Ind AS 104 – Insurance ContractsAmended*
Ind AS 105 – Non-current Assets Held for Sale and Discontinued OperationsAmended*
Ind AS 106 – Exploration for and Evaluation of Mineral Resources
Ind AS 107 – Financial Instruments: DisclosuresAmended*
Ind AS 108 – Operating Segments
Ind AS 109 – Financial InstrumentsAmended*
Ind AS 110 – Consolidated Financial StatementsAmended*
Ind AS 111 – Joint Arrangements
Ind AS 112 – Disclosure of Interests in Other EntitiesAmended*
Ind AS 113 – Fair Value Measurement
Ind AS 114 – Regulatory Deferral Accounts
Ind AS 115 – Revenue from Contracts with CustomersOmitted*
Ind AS 1 – Presentation of Financial StatementsAmended*
Ind AS 2 – InventoriesAmended*
Ind AS 7 – Statement of Cash Flows
Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
Ind AS 10 – Events after the Reporting Period
Ind AS 12 – Income TaxesAmended*
Ind AS 16 – Property, Plant and EquipmentAmended*
Ind AS 17 – LeasesAmended*
Ind AS 19 – Employee BenefitsAmended*
Ind AS 20 – Accounting for Gov. Grants and Disclosure of Govt. Assistance
Ind AS 21 – The Effects of Changes in Foreign Exchange Rates
Ind AS 23 – Borrowing CostsAmended*
Ind AS 24 – Related Party Disclosures
Ind AS 27 – Separate Financial Statements
Ind AS 28 – Investments in Associates and Joint VenturesAmended*
Ind AS 29 – Financial Reporting in Hyperinflationary Economies
Ind AS 32 – Financial Instruments: PresentationAmended*
Ind AS 33 – Earnings per Share
Ind AS 34 – Interim Financial ReportingAmended*
Ind AS 36 – Impairment of AssetsAmended*
Ind AS 37 – Provisions, Contingent Liabilities and Contingent AssetsAmended*
Ind AS 38 – Intangible AssetsAmended*
Ind AS 40 – Investment PropertyAmended*
Ind AS 41 – Agriculture

* Subsequently Amended/ Omitted by the MCA thru Companies (Ind AS) (Amendment) Rules 2016

B. Ind AS issued under Companies (Ind AS) (Amendment) Rules 2016Remarks
Ind AS 11 – Construction Contracts
Ind AS 18 – Revenue

Besides, a reference to the following relevant items is recommended:

Indian Accounting Standards (Ind AS): An Overview by ICAI (Revised 2016)

Companies Ind AS Amendment Rules, 2016 Notified by MCA

Companies Ind AS Rules 2015 Notified by MCA

Comparison of ‘IFRS’/ ‘IAS’ and Corresponding ‘Ind AS’ notified by MCA

Interpretations issued by the ‘IFRIC’/ ‘SIC’ included in Appendix to relevant ‘Ind AS’

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