Practical Guide to Ind AS & IFRS

by CA. Kamal Garg

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This book is no longer available and has been discontinued

CONTENTS AT A GLANCE

Bharat?	5
Preface to the Ninth Edition	7
Detailed Contents	13

DIVISION I

Chapter 1 Ind AS and IFRS: An Overview	1
Chapter 2 Gist of Ind-AS	43

DIVISION II

Chapter 3 Ind AS 1 (IAS 1): Presentation of Financial Statements	93
Chapter 4 Ind AS 2 (IAS 2): Inventories	141
Chapter 5 Ind AS 7 (IAS 7): Statement of Cash Flows	154
Chapter 6 Ind AS 8 (IAS 8): Accounting Policies, Changes in Accounting Estimates and Errors	169
Chapter 7 Ind AS 10 (IAS 10): Events after the Reporting Period	187
Chapter 8 Ind AS 11 (IAS 11): Construction Contracts	199
Chapter 9 Service Concession Arrangements â€” Illustrative Commentary	212
Chapter 10 Ind AS 12 (IAS 12): Income Taxes	236
Chapter 10.1 Ind AS Accounting for Foregoing MAT Credit Pursuant to Section 115BAA	289
Chapter 11 Ind AS 16 (IAS 16): Property, Plant and Equipment	300
Chapter 12 Ind AS 17 (IAS 17): Leases	338
Chapter 13 Ind AS 18 (IAS 18): Revenue	370
Chapter 14 Ind AS 19 (IAS 19): Employee Benefits	388
Chapter 15 Ind AS 20 (IAS 20): Government Grants &Government Assistance	437
Chapter 16 Ind AS 21 (IAS 21): The Effects of Changes in Foreign Exchange Rates	452
Chapter 17 Ind AS 23 (IAS 23): Borrowing Costs	475
Chapter 18 Ind AS 24 (IAS 24): Related Parties	485
Chapter 19 Ind AS 27 (IAS 27): Separate Financial Statements	496
Chapter 20 Ind AS 28 (IAS 28): Investments in Associates and Joint Ventures	520
Chapter 21 Ind AS 29 (IAS 29): Financial Reporting in Hyperinflationary Economics	539
Chapter 22 Ind AS 31 (IAS 31): Interests in Joint Ventures	546
Chapter 23 Ind AS 32 (IAS 32): Financial Instruments:Presentation	550
Chapter 24 Ind AS 33 (IAS 33): Earnings Per Share	574
Chapter 25 Ind AS 34 (IAS 34): Interim Financial Reporting	598
Chapter 26 Ind AS 36 (IAS 36): Impairment of Assets	676
Chapter 27 Ind AS 37 (IAS 37): Provisions, Contingent Liabilities and Contingent Assets	713
Chapter 28 Ind AS 38 (IAS 38): Intangible Assets	745
Chapter 29 Ind AS 39 (IAS 39): Financial Instruments:Recognition and Measurement	775
Chapter 30 Ind AS 40 (IAS 40): Investment Property	796
Chapter 31 Ind AS 41 (IAS 41): Agriculture	813
Chapter 32 Ind AS 101 (IFRS 1): First Time Adoption of Indian Accounting Standards	825
Chapter 33 Implementation Guidance on various aspects of Ind AS 101	878
Chapter 34 Practice Pointer Case Studies on First Time Adoption of Ind AS	887
Chapter 35 Ind AS 102 (IFRS 2): Share Based Payments	898
Chapter 36 Implementation Guidance on various aspects of Ind AS 102	932
Chapter 37 Ind AS 103 (IFRS 3): Business Combinations	949
Chapter 38 Ind AS 104 (IFRS 4): Insurance Contracts	1011
Chapter 39 Ind AS 105 (IFRS 5): Non-Current Assets held for Sale and Discontinued Operations	1029
Chapter 40 Ind AS 106 (IFRS 6): Exploration and Evaluation of Mineral Resources	1043
Chapter 41 Ind AS 107 (IFRS 7): Financial Instruments:Disclosures	1047
Chapter 42 Ind AS 108 (IFRS 8): Operating Segments	1056
Chapter 43 Ind AS 109 (IFRS 9): Financial Instruments	1071
Chapter 44 Practical Illustrations on Financial Instruments	1124
Chapter 45 Ind AS 110 (IFRS 10): Consolidated Financial Statements	1171
Chapter 46 Ind AS 111 (IFRS 11): Joint Arrangements	1256
Chapter 47 Ind AS 112 (IFRS 12): Disclosure of Interests in Other Entities	1277
Chapter 48 Ind AS 113 (IFRS 13): Fair Value Measurement	1287
Chapter 49 Ind AS 114 (IFRS 14): Regulatory Deferral Accounts	1336
Chapter 50 Ind AS 115 (IFRS 15): Revenue from Contracts with Customers	1356
Chapter 51 Ind AS 116 (IFRS 16): Leases	1407
Chapter 52 Financial Reporting Considerations for IBOR Reforms	1470

DIVISION III

Chapter 53 Chapter 49B: Primer on IFRS 17 â€“ Insurance Contracts

1479

DIVISION IV

Chapter 54 Format of Financial Statements for Companies(Other than NBFCs) required to comply with Ind-AS under Companies Act, 2013 â€” Division II of Schedule III	1501
Chapter 55 Commonly Observed Non-compliances in Ind AS Financial Statements	1566

DIVISION V

Chapter 56 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 1	1603
Chapter 57 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 2	1609
Chapter 58 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 3	1616
Chapter 59 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 4	1629
Chapter 60 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 5	1633
Chapter 61 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 6	1642
Chapter 62 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 7	1647
Chapter 63 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 8	1657
Chapter 64 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 9	1667
Chapter 65 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 10	1672
Chapter 66 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 11	1679
Chapter 67 Ind AS Transition Facilitation Group (ITFG)Clarification Bulletin 12	1688
Chapter 68 Summary of Opinions from ITFG Bulletins	1702
Chapter 69 FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time Adoption of Indian Accounting Standards	1727