List of Accounting Standards (AS 1~32) of ICAI with Revisions (Download PDF Copy)

Accounting Standards (AS 1~32) of ICAI

Accounting Standards (i.e. AS 1~32) are issued/ amended by the Accounting Standards Board of ICAI from time to time, to establish uniform standards for preparation of financial statements, in accordance with generally accepted accounting practices (GAAP) in India and for better understanding of the users.

These standards are mandatory on the dates specified either in the respective document or by notification issued by the Council of the ICAI.

List of ICAI’s Mandatory Accounting Standards (AS 1~29)

Download PDF copy of Mandatory Accounting Standards of ICAI (as on 1 July 2017 and onwards), as under:

1. AS 1 Disclosure of Accounting Policies

2. AS 2 Valuation of Inventories

3. AS 3 Cash Flow Statements

4. AS 4 Contingencies and Events Occurring After Balance Sheet Date

5. AS 5 Net profit or Loss for the period, Prior Period Items and Changes in Accounting Policies

6. AS 7 Construction Contracts

7. AS 9 Revenue Recognition

8. AS 10 Property, Plant and Equipment

9. AS 11 The Effects of Changes in Foreign Exchange Rates

10. AS 12 Government Grants

11. AS 13 Accounting for Investments

12. AS 14 Accounting for Amalgamations

13. AS 15 Employee Benefits

14. AS 16 Borrowing Costs

15. AS 17 Segment Reporting

16. AS 18 Related Party Disclosures

17. AS 19 Leases

18. AS 20 Earnings Per Share

19. AS 21 Consolidated Financial Statements

20. AS 22 Accounting for Taxes on Income

21. AS 23 Accounting for Investments in Associates

22. AS 24 Discontinuing Operations

23. AS 25 Interim Financial Reporting

24. AS 26 Intangible Assets

25. AS 27 Financial Reporting of Interests in Joint Ventures

26. AS 28 Impairment of Assets

27. AS 29 Provisions, Contingent Liabilities and Contingent Assets

Note:

1. ICAI has withdrawn the AS 8 on Accounting for Research and Development.

2. ICAI Amends AS 2, AS 4, AS 10, AS 13, AS 14, AS 21, AS 29 and withdraws AS 6.

3. ICAI withdraws its Announcement on Treatment of exchange differences under AS 11

4. Companies (Accounting Standards) Amendment Rules, 2018 notified by MCA: AS 11 amended

List of ICAI’s Non-Mandatory Accounting Standards (AS 30~32)

ICAI has announced on 15 Nov. 2016 that ‘AS 30- Financial Instruments: Recognition and Measurement’, ‘AS 31- Financial Instruments: Presentation’, ‘AS 32- Financial Instruments: Disclosures’ stands withdrawn. For details, please refer: AS-30, AS-31, AS-32 withdrawn by ICAI

Related Posts:

MCA’s amended Accounting Standards Rules, 2016 & their Applicability

Shared by: Kewal Garg | You can reach him via email: kewalgarg@caclub.in

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  1. Rudra
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