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Breaking news: roadmap for applicability of ind as notified.

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)

20 February 2015

Breaking News

All stakeholders are hereby informed that the Ministry of Corporate Affairs has notified Roadmap for applicability of Indian Accounting Standards (Ind AS) for compliance by the class of companies specified in the said roadmap. The notification has been uploaded on www.mca.gov.in along with the thirty nine (39) Indian Accounting Standards (Ind AS).Companies which are not required to follow Indian Accounting Standards (Ind AS) shall continue to comply with Accounting Standards as prescribed in Companies (Accounting Standards) Rules, 2006.

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13 Replies

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 20 February 2015

Notifications	Descripttion
G.S.R dated 16 Feb 2015	The Companies (Indian Accounting Standards) Rules, 2015.
Indian Accounting Standard (Ind AS) 101	First-time Adoption of Indian Accounting Standards
Indian Accounting Standard (Ind AS) 102	Share-based Payment
Indian Accounting Standard (Ind AS) 103	Business Combinations
Indian Accounting Standard (Ind AS) 104	Insurance Contracts
Indian Accounting Standard (Ind AS) 105	Non-current Assets Held for Sale and Discontinued Operations
Indian Accounting Standard (Ind AS) 106	Exploration for and Evaluation of Mineral Resources
Indian Accounting Standard (Ind AS) 107	Financial Instruments: Disclosures
Indian Accounting Standard (Ind AS) 108	Operating Segments
Indian Accounting Standard (Ind AS) 109	Financial Instruments
Indian Accounting Standard (Ind AS) 110	Consolidated Financial Statements
Indian Accounting Standard (Ind AS) 111	Joint Arrangements
Indian Accounting Standard (Ind AS) 112	Disclosure of Interests in Other Entities
Indian Accounting Standard (Ind AS) 113	Fair Value Measurement
Indian Accounting Standard (Ind AS) 114	Regulatory Deferral Accounts
Indian Accounting Standard (Ind AS) 115	Revenue from Contracts with Customers
Indian Accounting Standard (Ind AS) 1	Presentation of Financial Statements
Indian Accounting Standard (Ind AS) 2	Inventories
Indian Accounting Standard (Ind AS) 7	Statement of Cash Flows
Indian Accounting Standard (Ind AS) 8	Accounting Policies, Changes in Accounting Estimates and Errors
Indian Accounting Standard (Ind AS) 10	Events after the Reporting Period
Indian Accounting Standard (Ind AS) 12	Income Taxes
Indian Accounting Standard (Ind AS) 16	Property, Plant and Equipment
Indian Accounting Standard (Ind AS) 17	Leases
Indian Accounting Standard (Ind AS) 19	Employee Benefits
Indian Accounting Standard (Ind AS) 20	Accounting for Government Grants and Disclosure of Government Assistance
Indian Accounting Standard (Ind AS) 21	The Effects of Changes in Foreign Exchange Rates
Indian Accounting Standard (Ind AS) 23	Borrowing Costs
Indian Accounting Standard (Ind AS) 24	Related Party Disclosures
Indian Accounting Standard (Ind AS) 27	Separate Financial Statements
Indian Accounting Standard (Ind AS) 28	Investments in Associates and Joint Ventures
Indian Accounting Standard (Ind AS) 29	Financial Reporting in Hyperinflationary Economies
Indian Accounting Standard (Ind AS) 32	Financial Instruments: Presentation
Indian Accounting Standard (Ind AS) 33	Earnings per Share
Indian Accounting Standard (Ind AS) 34	Interim Financial Reporting
Indian Accounting Standard (Ind AS) 36	Impairment of Assets
Indian Accounting Standard (Ind AS) 37	Provisions, Contingent Liabilities and Contingent Assets
Indian Accounting Standard (Ind AS) 38	Intangible Assets
Indian Accounting Standard (Ind AS) 40	Investment Property
Indian Accounting Standard (Ind AS) 41	Agriculture

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CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 20 February 2015

IND AS (Part - I)

Attached File : 149668 1407216 ind as part i.rar downloaded: 708 times

1 Like

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 20 February 2015

IND AS (Part - II)

Attached File : 149668 1407220 ind as part ii.rar downloaded: 467 times

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 20 February 2015

thanks a ton for sharing very useful important data...

BOOKMARKED...

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 20 February 2015

Difference between IND AS & AS

Attached File : 149668 1407364 difference between ind as as.pdf downloaded: 629 times

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CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 20 February 2015

DIFFERENCES BETWEEN IFRSs AND Ind AS

Attached File : 149668 1407366 differences between ifrss and ind as.pdf downloaded: 439 times

2 Like

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 21 February 2015

ICAI Publications - Ind AS (IFRS) Implementation Committee

1 Like

Hardik Dave (IPCC and CS Professional(FINAL) Student) (15533 Points)
Replied 21 February 2015

Bookmarked .smile. Thank you Sanjay Sir for sharing .smile. Realy important for all of us. Thanku sir.

Simranjeet Singh (Proprietor at S Simranjeet & Associates Company Secretaries) (4396 Points)
Replied 24 February 2015

Thanks Sir for sharing all the info under one roof.. its useful.

CA Deepesh Ruhela (Keen to Learn) (3271 Points)
Replied 25 February 2015

Originally posted by : Simranjeet Singh
	Thanks Sir for sharing all the info under one roof.. its useful.

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Hitesh Goyal (CA Job) (22 Points)
Replied 29 November 2016

Sir,

I am Working in PSU and from FY 2016-17 IND AS has become applicable on us. Can u suggust any book,with help of that I can understand the IND AS as well practical also I can do.

Thanks,

Hitesh