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Indian Accounting Standards (Ind AS): An Overview (Revised 2021)

The Institute of Chartered Accountants of India (ICAI) is actively engaged in providing guidance to members and discharging its responsibility of ensuring successful and proper implementation of Indian Accounting Standards in the spirit in which they were formulated. Implementation of Ind AS has been driven by tireless efforts of the ICAI to enable the stakeholders with high quality globally accepted financial reporting framework which is at par with the global standards.

The Ind AS Implementation Committee has been making relentless efforts to ensure effective implementation of Ind AS through its various endeavours. The Committee has been working tirelessly to provide guidance to the members and other stakeholders on the notified Ind AS. For this purpose, Educational Materials on various Ind AS covering various issues have been issued. Apart from this, the Committee also organises Online Certificate Course on Ind AS and it conducts In-house training programmes on Ind AS for regulatory bodies such as RBI, C&AG, IRDAI, CBDT, SEBI, SFIO etc. and other corporate entities, develops video lectures on Ind AS, organises seminars, awareness programmes on Ind AS.

Download e-book on Indian Accounting Standards (Ind AS)

Recently, certain amendments have been made in IFRS/IAS issued by the IASB. The Institute of Chartered Accountants of India (ICAI) to keep up the pace with the global developments, revised the notified Ind AS in line with the amendments made in IFRS/IAS issued by the IASB. MCA has notified the amendments to the Ind AS vide notification dated June 18, 2021, as Companies (Indian Accounting Standards) Amendment Rules, 2021, comprising critical amendments to Ind AS which are applicable for the accounting year beginning on or after April 1, 2021. This publication gives a glance on the basic aspects of applicable standards in a summarised manner, differences between Ind AS, AS and IFRS, while significantly capturing all the recent amendments in Ind AS.

Relevant link to download the Educational Material:

https://resource.cdn.icai.org/68188indas54583.pdf

(Republished with Changes)

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12 Comments

  1. AMARMANHAS says:

    Hi i am unable to download this e book . Can i get it on email . My email id is amar.manhas@yahoo.co.uk.
    Also this is for Sept 2016 so whether all the amendments as per Companies Amendment Rules 2016 is included . And whether there is another latest edition which include amendments as per Companies Amendment Rules 2017

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