Indian Accounting Standards (Ind AS) which are based on International Financial Reporting Standards (IFRS) and are applicable to certain companies in India.The objective of Ind AS is to improve the quality of financial reporting by making it more transparent and comparable across companies and countries.
Ind AS has been introduced in India in a phased manner, with listed companies and certain other large companies being required to adopt Ind AS from the financial year 2016-17 onwards. Ind AS covers various areas of financial reporting, including revenue recognition, financial instruments, leases, and business combinations.
The adoption of Ind AS has led to significant changes in the way companies in India prepare and present their financial statements. Companies are required to provide more detailed and informative disclosures in their financial statements, which can help investors and other stakeholders make better-informed decisions.
1.
|
Ind AS 101
|
First – Time Adoption of Indian
Accounting Standards | |
2.
|
Ind AS 102
|
Share-Based Payment
| |
3.
|
Ind AS 103
|
Business Combinations
| |
4.
|
Ind AS 104
|
Insurance Contracts
| |
5.
|
Ind AS 105
|
Non-current Assets Held for Sale
and Discontinued Operations | |
6.
|
Ind AS 106
|
Exploration for and Evaluation of
Mineral Resources | |
7.
|
Ind AS 107
|
Financial Instruments: Disclosures
| |
8.
|
Ind AS 108
|
Operating Segments
| |
9.
|
Ind AS 109
|
Financial Instruments
| |
10.
|
Ind AS 110
|
Consolidated Financial Statements
| |
11.
|
Ind AS 111
|
Joint Arrangements
| |
12.
|
Ind AS 112
|
Disclosure of Interests in Other
Entities | |
13.
| |||
14.
|
Ind AS 114
|
Regulatory Deferral Accounts
| |
15.
| |||
16.
|
Ind AS 2
|
Inventories
| |
17.
|
Ind AS 7
|
Statement of Cash Flows
| |
18.
|
Ind AS 8
|
Accounting Policies, Changes in
Accounting Estimates and Errors | |
19.
|
Ind AS 10
|
Events After the Reporting Period
| |
20.
|
Ind AS 11
|
Construction Contracts
| |
21.
|
Ind AS 12
|
Income Taxes
| |
22.
|
Ind AS 16
|
Property, Plant and Equipment
| |
23.
|
Ind AS 17
|
Leases
| |
24.
| |||
25.
|
Ind AS 19
|
Employee Benefits
| |
26.
|
Ind AS 20
|
Accounting for Government Grants
and Disclosure of Government | |
Assistance
| |||
27.
|
Ind AS 21
|
The Effects of Changes in Foreign
Exchange Rates | |
28.
|
Ind AS 23
|
Borrowing Costs
| |
29.
|
Ind AS 24
|
Related Party Disclosures
| |
30.
|
Ind AS 27
|
Separate Financial Statements
| |
31.
|
Ind AS 28
|
Investments in Associates and
Joint Ventures | |
32.
|
Ind AS 29
|
Financial Reporting in
Hyperinflationary Economies | |
33.
|
Ind AS 32
|
Financial Instruments:
Presentation | |
34.
| |||
35.
|
Ind AS 34
|
Interim Financial Reporting
| |
36.
| |||
37.
|
Ind AS 37
|
Provisions, Contingent Liabilities
and Contingent Assets | |
38.
|
Ind AS 38
|
Intangible Assets
| |
39.
|
Ind AS 40
|
Investment Property
| |
40.
|
Ind AS 41
|
Agriculture
|