This book is prepared exclusively for the Final Level of Chartered Accountancy & Cost Accounts Examination requirement. It covers the entire revised syllabus as per ICAI/ICMAI.

This book serves as a guide for both students & professionals. It has been written to present the complex text of Ind ASs in a simple language and to develop the ability of the students to apply these Ind ASs in their given situations.

The Present Publication is the 11^th Edition & updated till 30^th April 2023 for CA/CMA Final | Nov. 2023 Exam. This book is authored by Dr D.S. Rawat & CA Pooja Patel with the following noteworthy features:

• [Simplified Language with Examples] for explaining the text of Ind ASs
• [Questions with their Solutions] at the end of each chapter
• [Comparison of each Ind AS with corresponding IFRS] is covered in this book
• [Coverage of Past Exam Questions & Answers] including the May 2023 Exam
• [Suggested Answers for the Paper on Financial Reporting] has been incorporated along with more problems and examples to make it as per the examination pattern for the forthcoming examination
• [Most Amended] This book is updated till 30-04-2023
• [Follows Six-Sigma Approach] to achieve the Benchmark of Zero-Error
• [Student-Oriented Book] The author has 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
• Contents of this book are as follows:
  • Introduction to Indian Accounting Standards (Ind AS)
  • Conceptual Framework for Financial Reporting under Ind AS
  • Presentation of Financial Statements (Ind AS-1)
  • Inventories (Ind AS-2)
  • Statement of Cash Flows (Ind AS-7)
  • Accounting policies, changes in accounting estimates and errors (Ind AS-8)
  • Events after the reporting period (Ind AS-10)
  • Construction Contracts (Ind AS-11) | Deleted | Not in CA-Final Syllabus
  • Income Taxes (Ind AS-12)
  • Property, Plant and Equipment (Ind AS-16)
  • Leases (Ind AS-17) | Deleted | Not in CA Final Syllabus
  • Revenue (Ind AS-18) | Deleted | Not in CA Final Syllabus
  • Employee Benefits (Ind AS-19)
  • Accounting for Government grants and disclosures of Government assistance (Ind AS-20)
  • The effects of changes in Foreign Exchange Rates (Ind AS-21)
  • Borrowing Cost (Ind AS-23)
  • Related Party Disclosure (Ind AS-24)
  • Separate Financial Statements (Ind AS-27)
  • Investments in Associates and Joint Ventures (Ind AS-28)
  • Financial reporting in hyperinflationary economies (Ind AS-29) | Deleted | Not in CA Final Syllabus
  • Earnings Per Share (Ind AS-33)
  • Interim Financial Reporting (Ind AS-34)
  • Impairment of Assets (Ind AS-36)
  • Provisions, Contingent Liabilities and Contingent Assets (Ind AS-37)
  • Intangible Assets (Ind AS-38)
  • Investment Property (Ind AS-40)
  • Agriculture (Ind AS-41)
  • First-time adoption of Indian Accounting Standards (Ind AS-101)
  • Share-based payments (Ind AS-102)
  • Business Combinations (Ind AS-103)
  • Insurance Contracts (Ind AS-104) | Deleted | Not in CA Final Syllabus
  • Non-current assets held for sale and discontinued operations (Ind AS-105)
  • Exploration for and evaluation of mineral resources (Ind AS-106) | Deleted | Not in CA Final Syllabus
  • Operating segments (Ind AS-108)
  • Financial instruments: Recognition, presentation, and disclosure (Ind AS-32), (Ind AS-107), (Ind AS-109)
  • Consolidated financial statements (Ind AS-110)
  • Joint arrangements (Ind AS-111)
  • Disclosure of interest in other entities (Ind AS-112)
  • Fair value measurement (Ind AS-113)
  • Regulatory deferral accounts (Ind AS-114) | Deleted | Not in CA Final Syllabus
  • Revenue from contracts with customers (Ind AS-115)
  • Leases (Ind AS-116)