A Financial Reporting under Ind AS and AS – Covering Schedule III, ICDS and ICAI Guidance Notes (Second Edition)




The regulatory environment in India is governed by various statutory authorities. In today’s parlance corporate enterprises have to comply with provisions of companies Act, 2013, Accounting Standards (as), Indian accounting Standards (Ind AS), ICAI pronouncements and income computation and Disclosure standards (ICDS). also to meet the challenges of ever changing business environment, notifications related to amendments to each of these constituents keep coming up from time to time. Accordingly, the level of financial reporting over the last few years has gone through a metamorphosis of change and ushered in a whole new level of complexity. With a view to address this, the present book with all the latest updates aims to provide entire gamut of statutory laws, accounting Standards and guidance notes of ICAI, applicable to corporates at one place while presenting financial statements. The book also incorporates inter linkages, comparisons, illustrations, diagrams, flow charts and summaries in a lucid and user friendly manner. The book would be immensely useful for professionals dealing with financial reporting. Key highlights topic wise detailed comparison between provisions of schedule III division I (for as) and division II (for Ind AS) to companies Act, 2013. Incorporation of the recent Amendment related to schedule III covering division III for Non Banking finance companies. Incorporation of latest amendments related to Ind ass as notified by Ministry of corporate affairs. Coverage of comparative summary between provisions of as, Ind AS & ICDS. Coverage of comparative summary between as, Ind AS, IFRS and us GAAP. Coverage of Amendments brought through companies (Indian accounting Standards) second Amendment rules, 2019. Inclusion of illustrations dealing with various financial issues under each topic. Detailed coverage of: – as from as 1 to as 29 as notified. – Ind AS from Ind AS 1 to Ind AS 41 and Ind AS 101 to Ind AS 116 notified by the MCA – ICDS promulgated by CBDT – guidance notes issued by ICAI reader friendly presentation of topics through the use of diagrams, charts, summaries and examples.

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