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