Practical Guide to Ind AS & IFRS

by CA Kamal Garg

CONTENTS AT A GLANCE

Bharat?	5
Preface to the Eleventh Edition	7
Detailed Contents	13

DIVISION I

Chapter 1 Ind AS and IFRS: An Overview

DIVISION II

Chapter 2 Ind AS 1 (IAS 1): Presentation of Financial Statements	95
Chapter 3 Ind AS 2 (IAS 2): Inventories	147
Chapter 4 Ind AS 7 (IAS 7): Statement of Cash Flows	160
Chapter 5 Ind AS 8 (IAS 8): Accounting Policies, Changes in Accounting Estimates and Errors	179
Chapter 6 Ind AS 10 (IAS 10): Events after the Reporting Period	197
Chapter 7 Ind AS 11 (IAS 11): Construction Contracts	209
Chapter 8 Service Concession Arrangements - Illustrative Commentary	222
Chapter 9 Ind AS 12 (IAS 12): Income Taxes	246
Chapter 9.1 Ind AS Accounting for Foregoing MAT Credit Pursuant to Section 115BAA	299
Chapter 10 Ind AS 16 (IAS 16): Property, Plant and Equipment	310
Chapter 11 Ind AS 17 (IAS 17): Leases	350
Chapter 12 Ind AS 18 (IAS 18): Revenue	382
Chapter 13 Ind AS 19 (IAS 19): Employee Benefits	400
Chapter 14 Ind AS 20 (IAS 20): Government Grants & Government Assistance	449
Chapter 15 Ind AS 21 (IAS 21): The Effects of Changes in Foreign Exchange Rates	464
Chapter 16 Ind AS 23 (IAS 23): Borrowing Costs	498
Chapter 17 Ind AS 24 (IAS 24): Related Parties	508
Chapter 18 Ind AS 27 (IAS 27): Separate Financial Statements	519
Chapter 19 Ind AS 28 (IAS 28): Investments in Associates and Joint Ventures	543
Chapter 20 Ind AS 29 (IAS 29): Financial Reporting in Hyperinflationary Economics	562
Chapter 21 Ind AS 31 (IAS 31): Interests in Joint Ventures	569
Chapter 22 Ind AS 32 (IAS 32): Financial Instruments: Presentation	573
Chapter 23 Ind AS 33 (IAS 33): Earnings Per Share	597
Chapter 24 Ind AS 34 (IAS 34): Interim Financial Reporting	621
Chapter 25 Ind AS 36 (IAS 36): Impairment of Assets	691
Chapter 26 Ind AS 37 (IAS 37): Provisions, Contingent Liabilities and Contingent Assets	736
Chapter 27 Ind AS 38 (IAS 38): Intangible Assets	768
Chapter 28 Ind AS 39 (IAS 39): Financial Instruments: Recognition and Measurement	798
Chapter 29 Ind AS 40 (IAS 40): Investment Property	819
Chapter 30 Ind AS 41 (IAS 41): Agriculture	836
Chapter 31 Ind AS 101 (IFRS 1): First Time Adoption of Indian Accounting Standards	848
Chapter 32 Implementation Guidance on various aspects of Ind AS 101	901
Chapter 33 Practice Pointer Case Studies on First Time Adoption of Ind AS	910
Chapter 34 Ind AS 102 (IFRS 2): Share Based Payments	921
Chapter 35 Implementation Guidance on various aspects of Ind AS 102	955
Chapter 36 Ind AS 103 (IFRS 3): Business Combinations	971
Chapter 37 Ind AS 104 (IFRS 4): Insurance Contracts	1033
Chapter 38 Ind AS 105 (IFRS 5): Non-Current Assets held for Sale and Discontinued Operations	1051
Chapter 39 Ind AS 106 (IFRS 6): Exploration and Evaluation of Mineral Resources	1065
Chapter 40 Ind AS 107 (IFRS 7): Financial Instruments: Disclosures	1069
Chapter 41 Ind AS 108 (IFRS 8): Operating Segments	1078
Chapter 42 Ind AS 109 (IFRS 9): Financial Instruments	1093
Chapter 43 Practical Illustrations on Financial Instruments	1146
Chapter 44 Ind AS 110 (IFRS 10): Consolidated Financial Statements	1193
Chapter 45 Ind AS 111 (IFRS 11): Joint Arrangements	1278
Chapter 46 Ind AS 112 (IFRS 12): Disclosure of Interests in Other Entities	1299
Chapter 47 Ind AS 113 (IFRS 13): Fair Value Measurement	1309
Chapter 48 Ind AS 114 (IFRS 14): Regulatory Deferral Accounts	1358
Chapter 49 Ind AS 115 (IFRS 15): Revenue from Contracts with Customers	1378
Chapter 50 Ind AS 116 (IFRS 16): Leases	1429
Chapter 51 Financial Reporting Considerations for IBOR Reforms	1496

DIVISION III

Chapter 52 Chapter 49B: Ind AS 117 (IFRS 17) - Insurance Contracts	1505
Chapter 53 Chapter 49C: Ind AS 118 (IFRS 18): Presentation and Disclosure in Financial Statements	1605

DIVISION IV

Chapter 54 Format of Financial Statements for Companies(Other than NBFCs) required to comply with Ind-AS under Companies Act, 2013 - Division II of Schedule III

1678

DIVISION V

Chapter 55 Summary of Opinions from ITFG Bulletins	1743
Chapter 56 FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time Adoption of Indian Accounting Standards	1769
Chapter 57 Comprehensive Practical Questions on Ind AS	1771