List of Ind AS vis-a-vis IFRS and AS with analysis, List of all IndAS

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List of Ind AS Notified by MCA – Indian Accounting Standards. Ministry of corporate affairs issued list of Indian Accounting Standards (IndAS), Here we are providing complete list of IndAS  notified by MCA.  Indian Accounting Standards (abbreviated as Ind AS) are a set of accounting standards notified by the Ministry of Corporate Affairs which are converged with International Financial Reporting Standards (IFRS) (IND AS is notified by NACAS.

Ministry of Corporate Affairs has come out with the Roadmap for Ind AS (Indian Accounting Standards) Implementation through Companies (Indian Accounting Standards) Rules, 2015. Ind AS or Indian Accounting Standards govern the accounting and recording of financial transactions as well as the presentation of statements such as profit and loss account and balance sheet of a company.

List of Ind AS Notified by MCA

IND AS No    Description
Ind AS 101First-time Adoption of Indian Accounting Standards
Ind AS 102 Share-based Payment
Ind AS 103 Business Combinations
Ind AS 104Insurance Contracts
Ind AS 105Non-current Assets Held for Sale and Discontinued Operations
Ind AS 106Exploration for and Evaluation of Mineral Resources
Ind AS 107Financial Instruments: Disclosures
Ind AS 108Operating Segments
Ind AS 109Financial Instruments
Ind AS 110Consolidated Financial Statements
Ind AS 111Joint Arrangements
Ind AS 112Disclosure of Interests in Other Entities
Ind AS 113Fair Value Measurement
Ind AS 114Regulatory Deferral Accounts
Ind AS 115Revenue from Contracts with Customers
Ind AS 1Presentation of Financial Statements
Ind AS 2Inventories
Ind AS 7Statement of Cash Flows
IndAS 8Accounting Policies, Changes in Accounting Estimates and Errors
Ind AS 10Events after the Reporting Period
Ind AS 12Income Taxes
Ind AS 16Property, Plant and Equipment
Ind AS 116Leases
Ind AS 19Employee Benefits
Ind AS 20Accounting for Government Grants and Disclosure of Government Assistance
Ind AS 21The Effects of Changes in Foreign Exchange Rates
Ind AS 23Borrowing Costs
Ind AS 24Related Party Disclosures
Ind AS 27Separate Financial Statements
Ind AS 28Investments in Associates and Joint Ventures
Ind AS 29Financial Reporting in Hyperinflationary Economies
Ind AS 32Financial Instruments: Presentation
Ind AS 33Earnings per Share
Ind AS 34Interim Financial Reporting
Ind AS 36Impairment of Assets
Ind AS 37Provisions, Contingent Liabilities and Contingent Assets
Ind AS 38Intangible Assets
Ind AS 40Investment Property
Ind AS 41 Agriculture

What are Indian Accounting Standards (Ind AS)?

Indian Accounting Standards (Ind-AS) are the International Financial Reporting Standards (IFRS) converged standards issued by the Central Government of India under the supervision and control of Accounting Standards Board (ASB) of ICAI and in consultation with National Advisory Committee on Accounting Standards (NACAS).

ASB is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academicians, other professional bodies viz. icsi, icai, representatives from ASSOCHAM, CII, FICCI, etc. National Advisory Committee on Accounting Standards (NACAS) recommend these standards to the Ministry of Corporate Affairs (MCA). MCA has to spell out the accounting standards applicable for companies in India.

The Ind AS are named and numbered in the same way as the corresponding International Financial Reporting Standards (IFRS).

List of Ind AS vis-a-vis IFRS and AS

IND AS No    DescriptionASTitle
Ind AS 101First-time Adoption of Indian Accounting Standards
Ind AS 102 Share-based Payment
Ind AS 103 Business CombinationsAS 14Accounting for Amalgamations
Ind AS 104Insurance Contracts
Ind AS 105Non-current Assets Held for Sale and Discontinued OperationsAS 24Discontinuing Operations
Ind AS 106Exploration for and Evaluation of Mineral ResourcesGN 155 Guidance Note on Accounting for Oil and Gas Producing Activities
Ind AS 107Financial Instruments: DisclosuresAS 32Financial Instruments: Disclosures
Ind AS 108Operating SegmentsAS 17Segment Reporting
Ind AS 109Financial InstrumentsAS 30Financial Instruments: Recognition and Measurement
Ind AS 110Consolidated Financial StatementsAS 21Consolidated Financial Statements
Ind AS 111Joint ArrangementsAS 27Financial Reporting of Interests in Joint Ventures
Ind AS 112Disclosure of Interests in Other Entities
Ind AS 113Fair Value Measurement
Ind AS 114Regulatory Deferral Accounts
Ind AS 115Revenue from Contracts with CustomersAS 7, AS 9Construction Contract, Revenue Recognition
Ind AS 116LeasesAS 19Leases
Ind AS 1Presentation of Financial StatementsAS 1Disclosure of Accounting Policies
Ind AS 2InventoriesAS 2Valuation of Inventories
Ind AS 7Statement of Cash FlowsAS 3Cash Flow Statements
IndAS 8Accounting Policies, Changes in Accounting Estimates and ErrorsAS 5Net Profit or Loss for the Period, Prior period Items and Changes in Accounting Policies
Ind AS 10Events after the Reporting PeriodAS 4Contingencies and Events Occurring After the Balance Sheet date
Ind AS 12Income TaxesAS 22Accounting for Taxes on Income
Ind AS 16Property, Plant and EquipmentAS 10Property, Plant and Equipment
Ind AS 19Employee BenefitsAS 15Employee Benefits
Ind AS 20Accounting for Government Grants and Disclosure of Government AssistanceAS 12Accounting for Government Grants
Ind AS 21The Effects of Changes in Foreign Exchange RatesAS 11The Effects of Changes in Foreign Exchange Rates
Ind AS 23Borrowing CostsAS 16Borrowing Costs
Ind AS 24Related Party DisclosuresAS 18Related Party Disclosures
Ind AS 27Separate Financial Statements
Ind AS 28Investments in Associates and Joint VenturesAS 23Accounting for Investment in Associates in Consolidated Financial Statements
Ind AS 29Financial Reporting in Hyperinflationary Economies
Ind AS 32Financial Instruments: Presentation
Ind AS 33Earnings per ShareAS 20Earnings per Share
Ind AS 34Interim Financial ReportingAS 25Interim Financial Reporting
Ind AS 36Impairment of AssetsAS 28Impairment of Assets
Ind AS 37Provisions, Contingent Liabilities and Contingent AssetsAS 29Provisions, Contingent Liabilities and Contingent Assets
Ind AS 38Intangible AssetsAS 26Intangible Assets
Ind AS 40Investment PropertyAS 13Accounting for Investments
Ind AS 41 Agriculture

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