Ind AS Simplified, A Comprehensive Commentary Explained with Illustrations
ABOUT THE BOOK
This book is an attempt to make the understanding of the Ind AS simple through lucid explanations and illustrations for each concept. The book contains industry-wise impact study, easy and quick referencer of standards, standard-wise list of exemptions and exceptions, comparison with Accounting Standards (AS), and many more. This book also contains a significant number of practical issues along with views of ITFG & Educational Materials issued by ICAI have also been duly considered while analyzing the concepts and are accordingly presented in the book.
Ind AS 115 Revenue from Contract with Customers and Ind AS 116 Leases (effective from financial year starting from 1.4.2018 & 1.4.2019 respectively) are currently issued in draft form by the ICAI. Further, once these standards are issued, companies will have to make a disclosure of the expected impacts of these standards on the financial statements as per Ind AS 8 Accounting Policies, Changes in Accounting Estimates and Errors. Hence, for the benefit of readers, these standards have been incorporated in this Book.
KEY FEATURES OF THE BOOK
Lucid Commentary with Conceptual Explanations & Examples
Includes Commentary on Ind AS 115 and Ind AS 116
Standard-wise carve outs between IFRS and Ind AS
FAQs on MCA Notifications for Roadmap/ Applicability of Ind AS
Practical Issues on Ind AS including analysis of ITFG Bulletins and Educational Material
Ind AS Impacts on Different Sectors
Minimum Alternate Tax Impact on Ind AS adjustments
Including Illustrative Financial Statements based on Ind AS
Including Ind AS 115 & 116
CA Anand J Banka
No comments:
Post a Comment