Students’ Guide to Accounting Standards (including Introduction of Ind AS) is a comprehensive, exam-intelligence–driven self-learning manual for CA Intermediate – Group I | Paper 1 (Accounting). The book is designed to translate the technical language of Accounting Standards into a structured, exam-ready understanding, enabling students to master not only what the standards say, but how they are examined and applied in practice. This Edition is fully aligned with the CA Intermediate syllabus on Accounting Standards, applicable for the May & September 2026 and January 2027 examinations. It presents the entire spectrum of Accounting Standards (AS-1 to AS-29), along with a dedicated foundational introduction to Ind AS, within a single, coherent learning framework.

The Present Publication is the 15^th Edition, authored by Dr D.S. Rawat & CA. Nozer Shroff, with the following noteworthy features:

• [Complete ICAI Syllabus Coverage] Covers all Accounting Standards prescribed for CA Intermediate (AS-1 to AS-29) in a single volume
• [Self-learning Architecture] Each chapter is written to enable independent study, progressing from concepts → explanation → application
• [Conceptual & Numerical Balance] Blends theory with extensive numerical illustrations reflecting ICAI exam expectations
• [Exam-oriented Presentation] Emphasis on treatment, disclosure, adjustments, and presentation—areas where marks are actually tested
• [Dedicated Introduction to Ind AS] Explains the philosophy, framework, and objectives of Ind AS, helping students understand convergence with IFRS
• [Authoritative Pedagogy] Authored by experienced ICAI faculty deeply involved in Accounting Standards, IFRS, and student training
• [Updated & Current] Reflects all applicable Accounting Standards and interpretational guidance relevant to the exam cycle

The book contains 29 structured chapters, beginning with conceptual grounding and progressing to advanced application:

• Foundational Chapters
  • Introduction to Accounting Standards (ASs) and Ind ASs
    • Objective of standard-setting
    • Role of ICAI and Accounting Standards Board
    • Mandatory compliance framework
    • Conceptual transition towards Ind AS
  • Framework for the Preparation and Presentation of Financial Statements
• Accounting Standards – Detailed Coverage (AS-1 to AS-29) – Each Accounting Standard is covered as an independent chapter, including:
  • AS-1 – Disclosure of Accounting Policies
  • AS-2 – Valuation of Inventories
  • AS-3 – Cash Flow Statements
  • AS-4 – Contingencies & Events after the Balance Sheet Date
  • AS-5 – Net Profit/Loss, Prior Period Items & Changes in Accounting Policies
  • AS-7 – Construction Contracts
  • AS-9 – Revenue Recognition
  • AS-10 – Property, Plant & Equipment
  • AS-11 – Effects of Changes in Foreign Exchange Rates
  • AS-12 – Government Grants
  • AS-13 – Investments
  • AS-14 – Amalgamations
  • AS-15 – Employee Benefits
  • AS-16 – Borrowing Costs
  • AS-17 – Segment Reporting
  • AS-18 – Related Party Disclosures
  • AS-19 – Leases
  • AS-20 – Earnings Per Share
  • AS-21 to AS-23 – Consolidation & Investments in Associates
  • AS-24 – Discontinuing Operations
  • AS-25 – Interim Financial Reporting
  • AS-26 – Intangible Assets
  • AS-27 – Joint Ventures
  • AS-28 – Impairment of Assets
  • AS-29 – Provisions, Contingent Liabilities & Contingent Assets
• Each chapter integrates conceptual explanation, practical illustrations, and exam-focused problem-solving

The structure of the book is as follows:

• Chapter-wise, Standard-wise Layout – Each AS is treated as a self-contained learning unit
• Logical Flow – Objective → Scope → Definitions → Recognition → Measurement → Disclosure → Illustrations
• Illustration-driven Learning – Numerical problems are solved step-by-step, training students in ICAI-compliant presentation
• Progressive Difficulty – Starts with basic concepts and advances to complex exam-level applications
• Syllabus-mapped Coverage – Content mirrors the ICAI syllabus order, aiding systematic revision.

D.S. Rawat

Dr D.S. Rawat was a distinguished Chartered Accountant with over 35 years of experience teaching and guiding CA students at the PE-II and Final levels. He was awarded a PhD in International Financial Reporting Standards (IFRS). He was a visiting faculty member at the Institute of Chartered Accountants of India (ICAI) for courses on Accounting Standards and IFRS.

Contributions and Experience

• ICAI Collaboration – Actively involved in the convergence of Indian Accounting Standards (Ind AS) with IFRS
• Practical Experience – Over 35 years of hands-on experience in accounting and auditing for various organisations and companies

Publications

• Authored notable books published by Taxmann:
  • Students’ Guide to Auditing Standards
  • Students’ Guide to Accounting Standards

Engagements

• Active participant and speaker at numerous seminars and conferences on Accounting and Finance

Dr Rawat’s extensive expertise and dedication to the field have left a lasting impact on the CA community and the practice of accounting standards.