LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Accounting standards in accounts finalization

CA Lokesh Pokharna (CA (Ahmedabad Bhilwara Chittorgarh)) (4128 Points)

03 May 2013

Please members pls provide list of accouting standards & their use in accounts finalization process...

For E.g. AS 22 imp. for calculation of DTA DTl..

AS 6 : Dep.calculation.

likewise........need list which covers almost all aspects of finalization of a listed company.......

Rgds: CA Lokesh

Reply
Follow
Share

4 Replies

ayesha (mcom) (1185 Points)
Replied 08 May 2013

AS 1 Disclosure of Accounting Policies
	AS 2 Valuation of Inventories
	AS 3 Cash Flow Statements
	AS 4 Contingencies and Events Occuring after the Balance Sheet Date
	AS 5 Net Profit or Loss for the period,Prior Period Items and Changes in Accounting Policies
	AS 6 Depreciation Accounting
	AS 7 Construction Contracts (revised 2002)
	AS 9 Revenue Recognition
	AS 10 Accounting for Fixed Assets
	AS 11 The Effects of Changes in Foreign Exchange Rates (revised 2003),
	AS 12 Accounting for Government Grants
	AS 13 Accounting for Investments
	AS 14 Accounting for Amalgamations
	AS 15 Employee Benefits (revised 2005)
	AS 16 Borrowing Costs
	AS 17 Segment Reporting
	AS 18 Related Party Disclosures
	AS 19 Leases
	AS 20 Earnings Per Share
	AS 21 Consolidated Financial Statements
	AS 22 Accounting for Taxes on Income.
	AS 23 Accounting for Investments in Associates in Consolidated Financial Statements
	AS 24 Discontinuing Operations
	AS 25 Interim Financial Reporting
	AS 26 Intangible Assets
	AS 27 Financial Reporting of Interests in Joint Ventures
	AS 28 Impairment of Assets
	AS 29 Provisions,Contingent` Liabilities and Contingent Assets

Abhishek Jain (Manager-Finance) (64 Points)
Replied 09 May 2013

Come on lokesh ur r a CA & are asking for A/c standards?

use of accounting standard varies depending on nature of buissness of your company.

CA Lokesh Pokharna (CA (Ahmedabad Bhilwara Chittorgarh)) (4128 Points)
Replied 09 May 2013

Originally posted by : Abhishek Jain
	Come on lokesh ur r a CA & are asking for A/c standards? use of accounting standard varies depending on nature of buissness of your company.

yes use of this are varies but this is limited with only some accounting standards or may be partly with some of AS.... there are many common accounting standards which to be followed in every company irrespective of nature of business.........i just want some one to produce that list...

CA Lokesh Pokharna (CA (Ahmedabad Bhilwara Chittorgarh)) (4128 Points)
Replied 09 May 2013

Originally posted by : ayesha
	AS 1 Disclosure of Accounting Policies AS 2 Valuation of Inventories AS 3 Cash Flow Statements AS 4 Contingencies and Events Occuring after the Balance Sheet Date AS 5 Net Profit or Loss for the period,Prior Period Items and Changes in Accounting Policies AS 6 Depreciation Accounting AS 7 Construction Contracts (revised 2002) AS 9 Revenue Recognition AS 10 Accounting for Fixed Assets AS 11 The Effects of Changes in Foreign Exchange Rates (revised 2003), AS 12 Accounting for Government Grants AS 13 Accounting for Investments AS 14 Accounting for Amalgamations AS 15 Employee Benefits (revised 2005) AS 16 Borrowing Costs AS 17 Segment Reporting AS 18 Related Party Disclosures AS 19 Leases AS 20 Earnings Per Share AS 21 Consolidated Financial Statements AS 22 Accounting for Taxes on Income. AS 23 Accounting for Investments in Associates in Consolidated Financial Statements AS 24 Discontinuing Operations AS 25 Interim Financial Reporting AS 26 Intangible Assets AS 27 Financial Reporting of Interests in Joint Ventures AS 28 Impairment of Assets AS 29 Provisions,Contingent` Liabilities and Contingent Assets