EASY WAY TO REMEMBER AS

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KARNATAKA STATE FOREST INDUSTR

assistant

3 Points Posted on 26 September 2019

Hello Friends,

Here I am going share with you HOW WE CAN EASILY REMEMBER ACCOUNTING STANDARD NAMES.

For Remembering anything, first you need to have identical daily routine codes and connect them with the actual things you want to remember. So, I have taken the Alphabets and their Identical Things to Remember the Standards. Total There are 27 Accounting Standerds[ AS 1 to AS 29 Except AS 6 and AS 8].

Alphabet A = A for Accounting = AS 1 - Disclosure of Accounting Policies.
Alphabet B = B for Ball ( Ball is an item) = AS 2- Valuation of Inventories.
Alphabet C = C for Cash = AS 3 - Cash Flow Statement.
Alphabet D = D for Danger = AS 4 Contingencies and Events occuring after the Balance Sheet Date.
Alphabet E = E for Earnings [Profit] = AS 5 Net Profit for the period, Prior Periods and Change in Accounting Policies.
Alphabet F = F for Flat [Construction] = AS 7 Accounting for Construction Contracts.
Alphabet G = G for Gross Income = AS 9 = Revenue Recognition.
Alphabet H = House Building = AS 10= Property, Plant and Equipment.
Alphabet I = Italy [Foreign] = AS 11 = Effect of Change in Foreign Exchange Rate.
Alphabet J = Jarkhand Grant = AS 12 = Government Grants.
Alphabet K - Karnataka Investments = AS 13 = Accounting for Investments.
Alphabet L = Love of Amalgamation = AS 14 = Accounting for Amalgamation.
Alphabet M = Mens Benefit = AS 15= Employee Benefits.
Alphabet N = National Bank Interest Rate = AS 16 = Borrowing Cost.
Alphabet O = Omlet breakup = AS 17 = Segment Reporting.
Alphabet P = Partners Disclosure = AS 18 = Related Party Disclosures.
Alphabet Q = Quorum of Lesse = AS 19= Leases.
Alphabet R = Return on income = AS 20 = Earnings per Share.
Alphabet S = Separate to Consolidate = AS 21 = Consolidated Financial Statements.
Alphabet T - Taxes = AS 22 = Accounting of Taxes on Income.
Alphabet U = Umbrella Associates = AS 23= Accounting for Investments in Associates.
Alphabet V = VRS from business = AS 24= Discontinued Business Operations.
Alphabet W = Whole to Half = AS 25= Interim Financial Reporting.
Alphabet X = NO Copyright = AS 26 = Intangible Assets.
Alphabet Y = Yard + Yard = AS 27 = Accounting for Interests in Joint Ventures.
Alphabet Z = Zero Check for assets = AS 28= Impairment of Assets.

Last one and First One you can remember so AS 29 = Provisions, Contingent Liabiliteis and Contingent Assets.

So, while Typing the above also i have not referred and what is ther in my mind, i wrote it. So like this you can apply to other concepts also. Spelling Mistakes and Sentence Errors shall be excused becuase i was just typing.

Hope you all Remember.

Replies (2)

Deepak Gupta

CA Student

15932 Points Posted on 26 September 2019

Originally posted by : KARNATAKA STATE FOREST INDUSTR
	Hello Friends, Here I am going share with you HOW WE CAN EASILY REMEMBER ACCOUNTING STANDARD NAMES. For Remembering anything, first you need to have identical daily routine codes and connect them with the actual things you want to remember. So, I have taken the Alphabets and their Identical Things to Remember the Standards. Total There are 27 Accounting Standerds[ AS 1 to AS 29 Except AS 6 and AS 8]. Alphabet A = A for Accounting = AS 1 - Disclosure of Accounting Policies. Alphabet B = B for Ball ( Ball is an item) = AS 2- Valuation of Inventories. Alphabet C = C for Cash = AS 3 - Cash Flow Statement. Alphabet D = D for Danger = AS 4 Contingencies and Events occuring after the Balance Sheet Date. Alphabet E = E for Earnings [Profit] = AS 5 Net Profit for the period, Prior Periods and Change in Accounting Policies. Alphabet F = F for Flat [Construction] = AS 7 Accounting for Construction Contracts. Alphabet G = G for Gross Income = AS 9 = Revenue Recognition. Alphabet H = House Building = AS 10= Property, Plant and Equipment. Alphabet I = Italy [Foreign] = AS 11 = Effect of Change in Foreign Exchange Rate. Alphabet J = Jarkhand Grant = AS 12 = Government Grants. Alphabet K - Karnataka Investments = AS 13 = Accounting for Investments. Alphabet L = Love of Amalgamation = AS 14 = Accounting for Amalgamation. Alphabet M = Mens Benefit = AS 15= Employee Benefits. Alphabet N = National Bank Interest Rate = AS 16 = Borrowing Cost. Alphabet O = Omlet breakup = AS 17 = Segment Reporting. Alphabet P = Partners Disclosure = AS 18 = Related Party Disclosures. Alphabet Q = Quorum of Lesse = AS 19= Leases. Alphabet R = Return on income = AS 20 = Earnings per Share. Alphabet S = Separate to Consolidate = AS 21 = Consolidated Financial Statements. Alphabet T - Taxes = AS 22 = Accounting of Taxes on Income. Alphabet U = Umbrella Associates = AS 23= Accounting for Investments in Associates. Alphabet V = VRS from business = AS 24= Discontinued Business Operations. Alphabet W = Whole to Half = AS 25= Interim Financial Reporting. Alphabet X = NO Copyright = AS 26 = Intangible Assets. Alphabet Y = Yard + Yard = AS 27 = Accounting for Interests in Joint Ventures. Alphabet Z = Zero Check for assets = AS 28= Impairment of Assets. Last one and First One you can remember so AS 29 = Provisions, Contingent Liabiliteis and Contingent Assets. So, while Typing the above also i have not referred and what is ther in my mind, i wrote it. So like this you can apply to other concepts also. Spelling Mistakes and Sentence Errors shall be excused becuase i was just typing. Hope you all Remember.