Accounting Standards:-
Accounting Standard are the
policy documents issued by the recognized accounting body relating body
relating to various aspects of measurement, treatment and disclosure of
accounting transactions and events.
Following are
the Accounting Standards:-
1.
The policy documents,
2.
Issued by the recognized accountancy body,
3.
Relating to various aspects of measurement, treatment and
disclosure of accounting transactions and events.
Accounting Standards in India : At a
Glance:-
The Council of ICAI has so far issued 32 Accounting Standards
and many more are in pipelines. Following are the list of standards and their status:
-
No.
|
Name of the Accounting Standards
|
Year
|
AS-1
|
Disclosure of accounting policies
|
1979
|
AS- 2
|
Valuation of Inventories
|
1981
|
AS- 3
|
Cash-Flow Statements(Revised 1997)
|
1981
|
AS- 4
|
Contingencies and Events occurring after the balance Sheet
date
|
1982
|
AS-5
|
Net Profit or Loss for the Period, Prior Period Items and
Changes in accounting policies (Revised 1996)
|
1982
|
AS-6
|
Depreciation Accounting (Revised 1995)
|
1982
|
AS-7
|
Accounting for construction contract (Revised 2003)
|
1983
|
AS-8
|
Accounting for research and development (Non-operative
1.4.2004
|
19865
|
AS-9
|
Income Recognition
|
1985
|
AS-10
|
Accounting for Fixed Assets
|
19852
|
AS-11
|
Accounting for Effects of Changes in Foreign Exchange Rate
|
1995
|
AS-12
|
Accounting for Government Grants
|
1992
|
AS-13
|
Accounting for Investments
|
1.4.1995
|
AS-14
|
Accounting for Amalgamation
|
1.4.1995
|
AS-15
|
Accounting for Retirement Benefits in the financial Statements
of the Employees
|
1.4.1995
|
AS-16
|
Borrowing Costs
|
1.4.2000
|
AS-17
|
Segment Reporting
|
1.4.2001
|
AS-18
|
Disclosure of Financial Statement of Related Company
|
1.4.2001
|
AS-19
|
Accounting for Lease
|
1.4.2001
|
AS-20
|
Earnings per Share
|
1.4.2001
|
AS-21
|
Consolidated Financial Statements
|
1.4.2001
|
AS-22
|
Accounting for Taxes on Income
|
1.4.2001
|
AS-23
|
Accounting for Investments in Consolidated Financial Statement
|
1.4.2001
|
AS-24
|
Discontinuing Operations
|
1.4.2002
|
AS-25
|
Interim Financial Reporting
|
1.4.2002
|
AS-26
|
Intangible Assets
|
1.4.2002
|
AS-27
|
Financial Reporting of Interests in Joint Ventures
|
1.4.2002
|
AS-28
|
Assets Impairment
|
1.4.2002
|
AS-29
|
Provisions for Contingent Liabilities and Contingent
Liabilities and Contingent Assets
|
1.4.2002
|
AS-30
|
Financial Instruments : Recognition and Measurement
|
1.4.2009
|
AS-31
|
Financial Instruments : Presentation
|
1.4.2009
|
AS-32
|
Financial Instruments : Disclosures
|
1.4.2009
|
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