ICAI’s Quick Referencer (2019 Edition) on IND ASs issued by MCA

The ICAI’s IND AS Implementation Committee has published the 2019 edition of the ‘Quick Referencer on Indian Accounting Standards (IND ASs)’ issued by the MCA, which provides a concise summary of the scope and applicability of these standards as well as guidance on specific aspects.

In response to the enormous literature of Indian Accounting Standards and the practical problems of scanning through the complete literature when in need of an element to be looked at, the Institute of Chartered Accountants of India (ICAI) has developed ‘Quick Referencer on IND AS.’ This document provides a concise overview of the key principles of applicable standards, with the primary goal of providing Members and Other Stakeholders with a fundamental conceptual knowledge of IND ASs.

ICAI Announcement dt. 07/11/2019: Quick Referencer on Indian Accounting Standards (Ind AS)

Index of Contents: ICAI’s Quick Referencer on IND AS (Indian Accounting Standards) 2019 Edition

ICAI’s Quick Referencer lists out all the the existing Indian Accounting Standards (Ind AS) notified by the MCA and those which are presently applicable based on amendments made by MCA upto 31/03/2019:

1. Ind AS 101, First-time Adoption of Indian Accounting Standards

2. Ind AS 102, Share-based Payment

3. Ind AS 103, Business Combinations

4. Ind AS 104, Insurance Contracts

5. Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations

6. Ind AS 106, Exploration for and Evaluation of Mineral Resources

7. Ind AS 107, Financial Instruments: Disclosures

8. Ind AS 108, Operating Segments

9. Ind AS 109, Financial Instruments

10. Ind AS 110, Consolidated Financial Statements

11. Ind AS 111, Joint Arrangements

12. Ind AS 112, Disclosure of Interest in Other Entities

13. Ind AS 113, Fair Value Measurement

14. Ind AS 114, Regulatory Deferral Account

15. Ind AS 115, Revenue from Contracts with Customers

16. Ind AS 116, Leases

17. Ind AS 1, Presentation of Financial Statements

18. Ind AS 2, Inventories

19. Ind AS 7, Statement of Cash Flows

20. Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors

21. Ind AS 10, Events after the Reporting Period

22. Ind AS 12, Income Taxes

23. Ind AS 16, Property, Plant and Equipment

24. Ind AS 19, Employee Benefits

25. Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance

26. Ind AS 21, The Effects of Changes in Foreign Exchange Rates

27. Ind AS 23, Borrowing Costs

28. Ind AS 24, Related Party Disclosures

29. Ind AS 27, Separate Financial Statements

30. Ind AS 28, Investments in Associates and Joint Ventures

31. Ind AS 29, Financial Reporting in Hyper-inflationary Economies

32. Ind AS 32, Financial Instruments: Presentation

33. Ind AS 33, Earnings per Share

34. Ind AS 34, Interim Financial Reporting

35. Ind AS 36, Impairment of Assets

36. Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets

37. Ind AS 38, Intangible Assets

38. Ind AS 40, Investment Property

39. Ind AS 41, Agriculture

40. List of applicable Indian Accounting Standards (this includes all above 39 Ind AS)

41. Ind AS Implementation Initiatives

IND AS Related Posts:

ICAI’s Compendium of IND ASs issued by MCA (2023-24)

List of Indian Accounting Standards (Converged IND ASs) issued by MCA

ICAI’s Revised Overview of IND ASs issued by MCA (July, 2023)

ICAI’s Revised Guidance Notes on Ind AS Compliance by Companies/ NBFCs

ICAI’s Checklist on Disclosure Requirements of Ind AS issued by MCA

Roadmap for Implementation of Indian Accounting Standards (IND ASs)

Compendium of Clarifications on ‘Ind AS Implementation’ Issues by ITFG ICAI

ICAI’s Quick Referencer (2019 Edition) on IND ASs issued by MCA

MCA's Companies IND AS Rules 2015 with Amendments upto 2022

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