This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the new syllabus per ICAI. It applies to Group I | Paper 1 – Advanced Accounting.

This book presents the accounting standards in simple language and equips the reader to apply the accounting standards.

The Present Publication is the 12^th Edition & updated till 30^th April 2024 for the CA-Inter | New Syllabus | Sept. 2024/Jan. 2025 Exam. This book is authored by Dr D.S. Rawat & CA. Nozer Shroff, with the following noteworthy features:

• Strictly as per the New Syllabus of the ICAI
• [Coverage of this Book] includes:
  • All Accounting Standards (AS)
• [Problems & Solutions] Questions on Accounting Standards of past examinations have been incorporated into the respective AS.
• [Past Exam Questions & Answers] are included in this book
• [Student-Oriented Book] The authors have 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

The detailed contents of this book are as follows:

• Introduction to Accounting Standards (ASs) and Indian Accounting Standards (Ind Ass)
• Framework for the Preparation and Presentation of Financial Statements
• AS-1 | Disclosure of Accounting Policies
• AS-2 | Valuation of Inventories
• AS-3 | Cash Flow Statement
• AS-4 | Contingencies and Events occurring after the Balance Sheet date
• AS-5 | Net Profit or loss for the period, prior period items and change in accounting policies
• AS-7 | Construction Contracts
• AS-9 | Revenue Recognition
• AS-10 | Property, Plant and Equipment
• AS-11 | The Effects of Changes in Foreign Exchange Rates
• AS-12 | Accounting for Government Grants
• AS-13 | Accounting for Investments
• AS-14 | Accounting for Amalgamation
• AS-15 | Employee Benefits
• AS-16 | Borrowing Costs
• AS-17 | Segment Reporting
• AS-18 | Related Party Disclosure
• AS-19 | Accounting for Leases
• AS-20 | Earnings Per Share
• AS-21 | Consolidated Financial Statements
• AS-22 | Accounting for Taxes on Income
• AS-23 | Accounting Investments in Associates in Consolidated Financial Statements
• AS-24 | Discontinuing Operations
• AS-25 | Interim Financial Reporting (IFR)
• AS-26 | Intangible Assets
• AS-27 | Financial Reporting of Interest in Joint Venture
• AS-28 | Impairment of Assets
• AS-29 | Provisions, Contingent Liabilities and Contingent Assets