SlideShare a Scribd company logo
Indian Accounting Standards
Accounting is considered as the language of business. Each language has certain set of rules. similarly accounting has certain rules to be observed by the accountants so that it is understood by all in the same sense these set of rules become  accounting  standards. Thus accounting standards are certain set of rules and guidance based on the principles and methods of accounting to be followed to have uniformity in terminology approach and presentation of results .  Accounting Standards
Accounting Standards in India are issued By the Institute of Chartered Accountants of India (ICAI). At present there are 31 Accounting Standards issued by ICAI. ICAI
Objective of Accounting Standards ,[object Object],[object Object],[object Object],[object Object]
31 Accounting Standards
AS 1. Disclosure of accounting policies   AS 2. Valuation Of Inventories: AS 3.  Cash Flow Statements AS 4.  Contingencies and events Occurring 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.  AS 8. Revenue Recognition.  AS 9. Accounting For Fixed Assets AS 10. The Effect of Changes In FOREX Rates. AS 11. Accounting For Government Grants. AS 12. Accounting For Investments.
AS 13. Accounting For Amalgamation  AS 14. Employee Benefits.  AS 15. Borrowing Cost. AS 16.  Segment Reporting.  AS 17.  Related Party Disclosures.  AS 18.  Accounting For Leases. AS 19.  Earning Per Share.
AS 20. Consolidated Financial Statement. AS 21.  Accounting For Taxes on Income. AS 22.  Accounting for Investment in associates in  Consolidated Financial Statement. AS 23.  Discontinuing Operation.  AS 24.  Interim Financial Reporting. AS 25.  Intangible assets.
AS 26.Financial Reporting on Interest in joint Ventures. AS 27.  Impairment Of assets.  AS 28. Provisions, Contingent, liabilities and Contingent   assets.  AS 29.  Financial instrument.  AS 30.  Financial Instrument: presentation.   AS 31.  Financial Instruments, Disclosures and Limited revision to accounting standards.
Evolution and types of AS Accounting standards  Initiation 1. As  1  to  15 1979 to 1995 2. As  16 to  29 2000 to 2007 3  As  30 to  31 Later part of 2007
That's all about it……

More Related Content

What's hot

Ifrs final
Ifrs  finalIfrs  final
Ifrs final
Hitesh Vekhande
 
Ifrs presentation
Ifrs presentationIfrs presentation
Ifrs presentation
Saransh Gupta
 
IND-AS
IND-ASIND-AS
Introduction To IFRS
Introduction To IFRSIntroduction To IFRS
Introduction To IFRSAmit Gilra
 
INTRODUCTION TO IFRS
INTRODUCTION TO  IFRSINTRODUCTION TO  IFRS
INTRODUCTION TO IFRS
VTU,Belgaum
 
International Accounting Standards Board
International Accounting Standards BoardInternational Accounting Standards Board
International Accounting Standards Board
Abdullah Al Kawser
 
Indian Accounting Standards Introduction and Relevance
Indian Accounting Standards Introduction and Relevance  Indian Accounting Standards Introduction and Relevance
Indian Accounting Standards Introduction and Relevance
Saurabh Hanumant Jadhav
 
IFRS
IFRSIFRS
Ifrs and ind as 101.pptx
Ifrs and  ind as 101.pptxIfrs and  ind as 101.pptx
Ifrs and ind as 101.pptx
Arun Kumar
 
3.1 A brief history of IFRS
3.1 A brief history of IFRS3.1 A brief history of IFRS
3.1 A brief history of IFRS
Gerard Ilott
 
Accounting theory
Accounting theoryAccounting theory
Accounting theory
REHEMA MINOO
 
As 1
As 1As 1
As 1
mayankvns
 
International financial reporting standards (ifrs)ppt
International financial reporting standards (ifrs)pptInternational financial reporting standards (ifrs)ppt
International financial reporting standards (ifrs)ppt
IDBI Capital
 
Project Report on IFRS
Project Report on IFRSProject Report on IFRS
Project Report on IFRS
Ojas Narsale
 
Indian AS 3
Indian AS 3Indian AS 3
Indian AS 3
Tushar Swami
 
Accounting Standard 1
Accounting Standard   1Accounting Standard   1
Accounting Standard 1
nitikasinghania123
 
Intro International Financial Reporting Standards (IFRS)
Intro International Financial Reporting Standards (IFRS)Intro International Financial Reporting Standards (IFRS)
Intro International Financial Reporting Standards (IFRS)
Usman Farooq
 
Accountig Standard (AS),IFRS , (Ind AS)
Accountig Standard (AS),IFRS , (Ind AS) Accountig Standard (AS),IFRS , (Ind AS)
Accountig Standard (AS),IFRS , (Ind AS)
Aatur Porwal
 
Accounting Ias 1 presentation
Accounting Ias 1 presentationAccounting Ias 1 presentation
Accounting Ias 1 presentation
Sheikh Ali Asghar
 
International Financial Reporting Standards (IFRS)
International Financial Reporting Standards (IFRS)International Financial Reporting Standards (IFRS)
International Financial Reporting Standards (IFRS)
AbhirajSingh67
 

What's hot (20)

Ifrs final
Ifrs  finalIfrs  final
Ifrs final
 
Ifrs presentation
Ifrs presentationIfrs presentation
Ifrs presentation
 
IND-AS
IND-ASIND-AS
IND-AS
 
Introduction To IFRS
Introduction To IFRSIntroduction To IFRS
Introduction To IFRS
 
INTRODUCTION TO IFRS
INTRODUCTION TO  IFRSINTRODUCTION TO  IFRS
INTRODUCTION TO IFRS
 
International Accounting Standards Board
International Accounting Standards BoardInternational Accounting Standards Board
International Accounting Standards Board
 
Indian Accounting Standards Introduction and Relevance
Indian Accounting Standards Introduction and Relevance  Indian Accounting Standards Introduction and Relevance
Indian Accounting Standards Introduction and Relevance
 
IFRS
IFRSIFRS
IFRS
 
Ifrs and ind as 101.pptx
Ifrs and  ind as 101.pptxIfrs and  ind as 101.pptx
Ifrs and ind as 101.pptx
 
3.1 A brief history of IFRS
3.1 A brief history of IFRS3.1 A brief history of IFRS
3.1 A brief history of IFRS
 
Accounting theory
Accounting theoryAccounting theory
Accounting theory
 
As 1
As 1As 1
As 1
 
International financial reporting standards (ifrs)ppt
International financial reporting standards (ifrs)pptInternational financial reporting standards (ifrs)ppt
International financial reporting standards (ifrs)ppt
 
Project Report on IFRS
Project Report on IFRSProject Report on IFRS
Project Report on IFRS
 
Indian AS 3
Indian AS 3Indian AS 3
Indian AS 3
 
Accounting Standard 1
Accounting Standard   1Accounting Standard   1
Accounting Standard 1
 
Intro International Financial Reporting Standards (IFRS)
Intro International Financial Reporting Standards (IFRS)Intro International Financial Reporting Standards (IFRS)
Intro International Financial Reporting Standards (IFRS)
 
Accountig Standard (AS),IFRS , (Ind AS)
Accountig Standard (AS),IFRS , (Ind AS) Accountig Standard (AS),IFRS , (Ind AS)
Accountig Standard (AS),IFRS , (Ind AS)
 
Accounting Ias 1 presentation
Accounting Ias 1 presentationAccounting Ias 1 presentation
Accounting Ias 1 presentation
 
International Financial Reporting Standards (IFRS)
International Financial Reporting Standards (IFRS)International Financial Reporting Standards (IFRS)
International Financial Reporting Standards (IFRS)
 

Viewers also liked

Indian Accounting standards
Indian Accounting standardsIndian Accounting standards
Indian Accounting standards
sonicshare
 
Dividend Policy followed by MICROSOFT
Dividend Policy followed by MICROSOFTDividend Policy followed by MICROSOFT
Dividend Policy followed by MICROSOFT
Kanik Vijay
 
Depreciation complete concept and methods
Depreciation complete concept and methods Depreciation complete concept and methods
Depreciation complete concept and methods
sarmadalikamboh
 
Capital budgeting’ OF FINANCIAL MANAGEMENT
Capital budgeting’ OF FINANCIAL MANAGEMENTCapital budgeting’ OF FINANCIAL MANAGEMENT
Capital budgeting’ OF FINANCIAL MANAGEMENT
Vivek Chandraker
 
Cash flow statement AS-3
Cash flow statement AS-3Cash flow statement AS-3
Cash flow statement AS-3
VIKAS DUBEY
 
Accounting Standard-3 Cash Flow Statement by Nithin Raj
Accounting Standard-3 Cash Flow Statement by Nithin RajAccounting Standard-3 Cash Flow Statement by Nithin Raj
Accounting Standard-3 Cash Flow Statement by Nithin Raj
Chinnu Raj
 
Capital budgeting
Capital budgetingCapital budgeting
Capital budgeting
Vinayak Halapeti
 
Company act 1956
Company act 1956Company act 1956
Company act 19569603465934
 
Accounting principles
Accounting principlesAccounting principles
Accounting principles
pooja jain
 
Depreciation- depreciation methods, Income Taxes
Depreciation- depreciation methods, Income TaxesDepreciation- depreciation methods, Income Taxes
Depreciation- depreciation methods, Income Taxes
Advance Business Consulting
 
Capital budgeting
Capital budgetingCapital budgeting
Capital budgeting
Ateeq Hashmi
 
Companies Act 1956
Companies Act 1956Companies Act 1956
Companies Act 1956velumba
 
Basic accounting principles
Basic accounting principlesBasic accounting principles
Basic accounting principlesUmar Gul
 
Methods of depreciation
Methods of depreciationMethods of depreciation
Methods of depreciation
Aashish Singh
 
Depreciation methods
Depreciation methodsDepreciation methods
Depreciation methods
Ameen San
 
Depreciation
DepreciationDepreciation
Depreciation
Nikhil Mhatre
 
Ppt capital budgeting
Ppt capital budgetingPpt capital budgeting
Ppt capital budgeting
King Abidi
 
Depreciation methods
Depreciation methodsDepreciation methods
Depreciation methodsSunny Khatana
 
Depreciation with different methods
Depreciation with different methodsDepreciation with different methods
Depreciation with different methods
Azizuddin Sultani
 

Viewers also liked (20)

Indian Accounting standards
Indian Accounting standardsIndian Accounting standards
Indian Accounting standards
 
Dividend Policy followed by MICROSOFT
Dividend Policy followed by MICROSOFTDividend Policy followed by MICROSOFT
Dividend Policy followed by MICROSOFT
 
Depreciation complete concept and methods
Depreciation complete concept and methods Depreciation complete concept and methods
Depreciation complete concept and methods
 
Capital budgeting’ OF FINANCIAL MANAGEMENT
Capital budgeting’ OF FINANCIAL MANAGEMENTCapital budgeting’ OF FINANCIAL MANAGEMENT
Capital budgeting’ OF FINANCIAL MANAGEMENT
 
Cash flow statement AS-3
Cash flow statement AS-3Cash flow statement AS-3
Cash flow statement AS-3
 
Accounting Standard-3 Cash Flow Statement by Nithin Raj
Accounting Standard-3 Cash Flow Statement by Nithin RajAccounting Standard-3 Cash Flow Statement by Nithin Raj
Accounting Standard-3 Cash Flow Statement by Nithin Raj
 
Capital budgeting
Capital budgetingCapital budgeting
Capital budgeting
 
Company act 1956
Company act 1956Company act 1956
Company act 1956
 
Accounting principles
Accounting principlesAccounting principles
Accounting principles
 
Depreciation- depreciation methods, Income Taxes
Depreciation- depreciation methods, Income TaxesDepreciation- depreciation methods, Income Taxes
Depreciation- depreciation methods, Income Taxes
 
Capital budgeting
Capital budgetingCapital budgeting
Capital budgeting
 
Companies Act 1956
Companies Act 1956Companies Act 1956
Companies Act 1956
 
Depreciation 2
Depreciation 2Depreciation 2
Depreciation 2
 
Basic accounting principles
Basic accounting principlesBasic accounting principles
Basic accounting principles
 
Methods of depreciation
Methods of depreciationMethods of depreciation
Methods of depreciation
 
Depreciation methods
Depreciation methodsDepreciation methods
Depreciation methods
 
Depreciation
DepreciationDepreciation
Depreciation
 
Ppt capital budgeting
Ppt capital budgetingPpt capital budgeting
Ppt capital budgeting
 
Depreciation methods
Depreciation methodsDepreciation methods
Depreciation methods
 
Depreciation with different methods
Depreciation with different methodsDepreciation with different methods
Depreciation with different methods
 

Similar to Accounting standards

Indian accounting standards November 2017
Indian accounting standards  November 2017Indian accounting standards  November 2017
Indian accounting standards November 2017
Aman Singh
 
Applicability of Ind AS
Applicability of Ind ASApplicability of Ind AS
Applicability of Ind AS
nitish aggarwal
 
What Are Indian Accounting Standards ...
What Are Indian Accounting Standards ...What Are Indian Accounting Standards ...
What Are Indian Accounting Standards ...
RiyaWalke
 
Comparative Analysis : IGAAP and IND AS
Comparative Analysis : IGAAP and IND ASComparative Analysis : IGAAP and IND AS
Comparative Analysis : IGAAP and IND AS
Susmita Patra
 
CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPOR...
CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPOR...CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPOR...
CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPOR...
Arpan Gupta
 
Final accounting standards
Final accounting standardsFinal accounting standards
Final accounting standards
Anish Maman
 
Ifrs for pensions schemes emac
Ifrs for pensions schemes emacIfrs for pensions schemes emac
Ifrs for pensions schemes emac
EMAC Consulting Group
 
Accounting standards
Accounting standardsAccounting standards
Accounting standardsRajat Sharma
 
Principles of accounting
Principles of accountingPrinciples of accounting
Principles of accounting
ShwetaChauhan83
 
Accounting standards
Accounting standardsAccounting standards
Accounting standards
ShwetaChauhan83
 
GAAP Accounting Standards & IFRS oct 2016
GAAP Accounting Standards & IFRS oct 2016GAAP Accounting Standards & IFRS oct 2016
GAAP Accounting Standards & IFRS oct 2016
Varadraj Bapat
 
31452379 accounting-standards
31452379 accounting-standards31452379 accounting-standards
31452379 accounting-standardsArshad Mohammad
 
Book Keeping.pptx
Book Keeping.pptxBook Keeping.pptx
Book Keeping.pptx
DGayathiry
 
Financial statement and acoounting standard
Financial statement and acoounting standardFinancial statement and acoounting standard
Financial statement and acoounting standard
Rupa R
 
DOC-20240418-WA0005..pdfdjdjdkdkkdkdkdkd
DOC-20240418-WA0005..pdfdjdjdkdkkdkdkdkdDOC-20240418-WA0005..pdfdjdjdkdkkdkdkdkd
DOC-20240418-WA0005..pdfdjdjdkdkkdkdkdkd
redminoteproplus795
 
Ifrs
IfrsIfrs
Conversion Ind AS (the converged IFRS standards) in India
Conversion Ind AS (the converged IFRS standards) in India Conversion Ind AS (the converged IFRS standards) in India
Conversion Ind AS (the converged IFRS standards) in India
Dr Biswadev Dash
 

Similar to Accounting standards (20)

Indian accounting standards November 2017
Indian accounting standards  November 2017Indian accounting standards  November 2017
Indian accounting standards November 2017
 
Applicability of Ind AS
Applicability of Ind ASApplicability of Ind AS
Applicability of Ind AS
 
Accounting standards unit2
Accounting standards unit2Accounting standards unit2
Accounting standards unit2
 
What Are Indian Accounting Standards ...
What Are Indian Accounting Standards ...What Are Indian Accounting Standards ...
What Are Indian Accounting Standards ...
 
Comparative Analysis : IGAAP and IND AS
Comparative Analysis : IGAAP and IND ASComparative Analysis : IGAAP and IND AS
Comparative Analysis : IGAAP and IND AS
 
CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPOR...
CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPOR...CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPOR...
CONVERGENCE OF INDIAN ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPOR...
 
Final accounting standards
Final accounting standardsFinal accounting standards
Final accounting standards
 
Accounts as
Accounts   asAccounts   as
Accounts as
 
Ifrs for pensions schemes emac
Ifrs for pensions schemes emacIfrs for pensions schemes emac
Ifrs for pensions schemes emac
 
Accounting standards
Accounting standardsAccounting standards
Accounting standards
 
IND AS
IND ASIND AS
IND AS
 
Principles of accounting
Principles of accountingPrinciples of accounting
Principles of accounting
 
Accounting standards
Accounting standardsAccounting standards
Accounting standards
 
GAAP Accounting Standards & IFRS oct 2016
GAAP Accounting Standards & IFRS oct 2016GAAP Accounting Standards & IFRS oct 2016
GAAP Accounting Standards & IFRS oct 2016
 
31452379 accounting-standards
31452379 accounting-standards31452379 accounting-standards
31452379 accounting-standards
 
Book Keeping.pptx
Book Keeping.pptxBook Keeping.pptx
Book Keeping.pptx
 
Financial statement and acoounting standard
Financial statement and acoounting standardFinancial statement and acoounting standard
Financial statement and acoounting standard
 
DOC-20240418-WA0005..pdfdjdjdkdkkdkdkdkd
DOC-20240418-WA0005..pdfdjdjdkdkkdkdkdkdDOC-20240418-WA0005..pdfdjdjdkdkkdkdkdkd
DOC-20240418-WA0005..pdfdjdjdkdkkdkdkdkd
 
Ifrs
IfrsIfrs
Ifrs
 
Conversion Ind AS (the converged IFRS standards) in India
Conversion Ind AS (the converged IFRS standards) in India Conversion Ind AS (the converged IFRS standards) in India
Conversion Ind AS (the converged IFRS standards) in India
 

Recently uploaded

How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
Celine George
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
amberjdewit93
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
Levi Shapiro
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
tarandeep35
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
Celine George
 
Assignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docxAssignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docx
ArianaBusciglio
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
SACHIN R KONDAGURI
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
heathfieldcps1
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
Priyankaranawat4
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
RitikBhardwaj56
 
Aficamten in HCM (SEQUOIA HCM TRIAL 2024)
Aficamten in HCM (SEQUOIA HCM TRIAL 2024)Aficamten in HCM (SEQUOIA HCM TRIAL 2024)
Aficamten in HCM (SEQUOIA HCM TRIAL 2024)
Ashish Kohli
 
DRUGS AND ITS classification slide share
DRUGS AND ITS classification slide shareDRUGS AND ITS classification slide share
DRUGS AND ITS classification slide share
taiba qazi
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Scholarhat
 
Advantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO PerspectiveAdvantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO Perspective
Krisztián Száraz
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
IreneSebastianRueco1
 
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
NelTorrente
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 

Recently uploaded (20)

How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
 
Assignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docxAssignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docx
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
 
Aficamten in HCM (SEQUOIA HCM TRIAL 2024)
Aficamten in HCM (SEQUOIA HCM TRIAL 2024)Aficamten in HCM (SEQUOIA HCM TRIAL 2024)
Aficamten in HCM (SEQUOIA HCM TRIAL 2024)
 
DRUGS AND ITS classification slide share
DRUGS AND ITS classification slide shareDRUGS AND ITS classification slide share
DRUGS AND ITS classification slide share
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
 
Advantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO PerspectiveAdvantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO Perspective
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
 
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
 

Accounting standards

  • 2. Accounting is considered as the language of business. Each language has certain set of rules. similarly accounting has certain rules to be observed by the accountants so that it is understood by all in the same sense these set of rules become accounting standards. Thus accounting standards are certain set of rules and guidance based on the principles and methods of accounting to be followed to have uniformity in terminology approach and presentation of results . Accounting Standards
  • 3. Accounting Standards in India are issued By the Institute of Chartered Accountants of India (ICAI). At present there are 31 Accounting Standards issued by ICAI. ICAI
  • 4.
  • 6. AS 1. Disclosure of accounting policies AS 2. Valuation Of Inventories: AS 3. Cash Flow Statements AS 4. Contingencies and events Occurring after the Balance sheet Date AS 5. Net Profit or loss For the period, Prior period items and Changes in accounting Policies.
  • 7. AS 6.Depreciation accounting. AS 7. Construction Contracts. AS 8. Revenue Recognition. AS 9. Accounting For Fixed Assets AS 10. The Effect of Changes In FOREX Rates. AS 11. Accounting For Government Grants. AS 12. Accounting For Investments.
  • 8. AS 13. Accounting For Amalgamation AS 14. Employee Benefits. AS 15. Borrowing Cost. AS 16. Segment Reporting. AS 17. Related Party Disclosures. AS 18. Accounting For Leases. AS 19. Earning Per Share.
  • 9. AS 20. Consolidated Financial Statement. AS 21. Accounting For Taxes on Income. AS 22. Accounting for Investment in associates in Consolidated Financial Statement. AS 23. Discontinuing Operation. AS 24. Interim Financial Reporting. AS 25. Intangible assets.
  • 10. AS 26.Financial Reporting on Interest in joint Ventures. AS 27. Impairment Of assets. AS 28. Provisions, Contingent, liabilities and Contingent assets. AS 29. Financial instrument. AS 30. Financial Instrument: presentation. AS 31. Financial Instruments, Disclosures and Limited revision to accounting standards.
  • 11. Evolution and types of AS Accounting standards Initiation 1. As 1 to 15 1979 to 1995 2. As 16 to 29 2000 to 2007 3 As 30 to 31 Later part of 2007
  • 12. That's all about it……