The Ministry of Corporate Affairs (MCA) has recently notified IFRS-converged Indian Accounting Standards (Ind AS) and the roadmap for its applicability for certain class of companies from the financial year 2015-16 voluntarily and from 2016-17 on mandatory basis. Considering the above, the ICAI through the Ind AS (IFRS) Implementation Committee is making relentless efforts to provide necessary support and guidance to members and other stakeholders for proper implementation of Ind AS. For this purpose, the Committee has brought out the following publications as per the Standards notified by the MCA:
- Educational Material on Ind AS 10, Events after the Reporting period
- Educational Material on Ind AS 101, First-time Adoption of Indian Accounting Standards
The Committee previously issued the below mentioned Educational Materials in accordance with the Ind AS notified in the year 2011, accordingly, the same are being revised in accordance with the Ind AS recently notified by the Ministry of Corporate Affairs.
- Educational Material on Indian Accounting Standard (Ind AS) 1, Presentation of Financial Statements
- Educational Material on Indian Accounting Standard (Ind AS) 2, Inventories
- Educational Material on Indian Accounting Standard (Ind AS) 7, Statement of Cash Flows
- Educational Material on Indian Accounting Standard (Ind AS) 18, Revenue
- Educational Material on Indian Accounting Standard (Ind AS) 37, Provisions, Contingent Liabilities and Contingent Assets
- Educational Material on Indian Accounting Standard (Ind AS) 108, Operating Segments
