Taxmann's Students' Guide to Ind AS [Converged IFRS]

Taxmann's Students' Guide to Ind AS [Converged IFRS] Summary

Taxmann's Students' Guide to Ind ASs [Converged IFRSs] is prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised syllabus as per ICAI. This book serves as a guide for students & professionals. It has been written with the objective to present the complex text of Ind ASs in a simple language and to develop the ability of the students to apply these Ind ASs in their given situation.<br>
The Present Publication is the 7th Edition, authored by Dr. D.S. Rawat & CA Pooja Patel, for CA/CMA Final & Updated till 30-04-2021, with the following noteworthy features: <br>
• <b>[Simplified Language with Examples] </b> for explaining the text of Ind ASs<br>
• <b> [Questions with their Solutions] </b> at the end of each chapter<br>
• <b> [Comparison of each Ind AS with corresponding IFRS] </b> is covered in this book<br>
• <b> [Coverage of Past Exam Questions] </b> <br>
o Solved Paper: CA Final July 2021 | New Syllabus (Suggested Answers) <br>
o Solved Paper: CA Final January 2021 | New Syllabus (Suggested Answers) <br>
o Solved Paper: CA Final November 2020 (Suggested Answers) <br>
o Solved Paper: CA Final November 2019 (Suggested Answers) <br>
o Solved Paper: CA Final May 2019 (Suggested Answers) <br>
• <b> [Suggested Answers for the Paper on Financial Reporting] </b> has been incorporated along with more problems and examples to make it as per the examination pattern for the forthcoming examination<br>
• <b> [Most Amended] </b> This book is updated till 30-04-2021 & amended as per the following: <br>
o Companies (Indian Accounting Standards) Amendment Rules, 2020<br>
o Amendments related to Ind AS – 103 & 116 and other amendments<br>
• <b> [Follows Six-Sigma Approach] </b> to achieve the Benchmark of Zero-Error<br>
• <b> [Student-Oriented Book] </b> The author has developed this book, keeping in mind the following factors: <br>
o Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations<br>
o Shaped by the authors' experience of teaching the subject matter at different levels<br>
o Reaction and responses of students have also been incorporated at different places in the book<br>
• Also Available: <br>
o [5th Edition] of Taxmann's Financial Reporting (Set of 2 Volumes) <br>
o [3rd Edition] of Taxmann's PROBLEMS & SOLUTIONS on Financial Reporting<br>
o [4th Edition] of Taxmann's CRACKER cum Exam Guide on Financial Reporting<br>
o [1st Edition] of Taxmann's CLASS NOTES on Financial Reporting<br>
• Contents of this book are as follows: <br>
o Introduction to Indian Accounting Standards (Ind AS) <br>
o Framework for the Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards<br>
o Presentation of Financial Statements (Ind AS-1) <br>
o Inventories (Ind AS-2) <br>
o Statement of Cash Flows (Ind AS-7) <br>
o Accounting policies, changes in accounting estimates and errors (Ind AS-9) <br>
o Events after the reporting period (Ind AS-10) <br>
o Construction Contracts (Ind AS-11) | <i>Deleted | Not in CA-Final Syllabus</i><br>
o Income Taxes (Ind AS-12) <br>
o Property, Plant and Equipment (Ind AS-16) <br>
o Leases (Ind AS-17) | <i>Deleted | Not in CA Final Syllabus</i><br>
o Revenue (Ind AS-18) |<i> Deleted | Not in CA Final Syllabus</i><br>
o Employee Benefits (Ind AS-19) <br>
o Accounting for Government grants and disclosures of Government assistance (Ind AS-20) <br>
o The effects of changes in Foreign Exchange Rates (Ind AS-21) <br>
o Borrowing Cost (Ind AS-23) <br>
o Related Party Disclosure (Ind AS-24) <br>
o Separate Financial Statements (Ind AS-27) <br>
o Investments in Associates and Joint Ventures (Ind AS-28) <br>
o Financial reporting in hyperinflationary economies (Ind AS-29) | <i>Deleted | Not in CA Final Syllabus</i><br>
o Earnings Per Share (Ind AS-33) <br>
o Interim Financial Reporting (Ind AS-34) <br>
o Impairment of Asset



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