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accounting standards - important

srinivas (humble devotee of saraswati) (885 Points)

14 February 2008

Are all accounting standards really important from the examination point of view?

are all accounting standards really important in the practical work?

srinivasbengalooru @ hotmail.com

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10 Replies

Rahul Tibrewal (A.C.A & MBA) (443 Points)
Replied 15 February 2008

hey srinivas....all of them are not important... Some of the important ones are AS6, 10, 11, 15, 18, 20, 21, 22, 23, 26, 29 and the latest ones i.e. 30 and 31....

shyam (student) (544 Points)
Replied 15 February 2008

From 1 to 20

CA S Sundararajan (CAO) (536 Points)
Replied 15 February 2008

I don't think any un important AS raised by Insti. for both Service and Exam point of view ,we need a sound knowledge of AS for reaching professional excellence.

CA.Shaleen Srivastava (CA , CWA*, Bcom(H)) (2004 Points)
Replied 15 February 2008

i think AS are important ASPECT IN FIRST EXAMNINATION POIT OF VEIW BECAUSE IN SOME CASE GOVT. AUTHORITES ARE NOT ACCEPTED THE AS FOLLOWED BY INSTITUTE FOR EXAMPLE : REVALUATION OF ASSET BY AS-6 NOT FOLLWED BY THE INCOME TAX AUTHORITIES SHALEEN

Ruchi Jain (CA) (84 Points)
Replied 15 February 2008

16 onwards are more important from exam point of view.

MANAS ROUT (CA) (713 Points)
Replied 15 February 2008

AS FAR AS A CA STUDENT YOU SHOULD BE EXPERT IN ALL ACCOUNTING STANDARDS

Gurmet Siingh (Chartered Accountant) (413 Points)
Replied 15 February 2008

A CA must have knowledge of all AS.So pls. go for all.

CA. GOPAL SONIKA (CHARTERED ACCOUNTANT) (1426 Points)
Replied 15 February 2008

If we view from Examination point, all are not important. However, knowledge of latest accounting standard is important. From Practical point of view, all are important.