IND AS

An over view International Accounting Standards (IAS)/International Financial Reporting Standards

(IFRS) &
Indian Accounting Standards (IND AS).
IAS issued in 2001 Total of 41 standards were issued
From 2001 onwards the name IAS is Changed to IFRS & some more standards were issued &
some were revised.
So all the countries across the Globe were either to adopt or converge to IFRS.
India chooses to converge rather than to adopt.
The converged Indian Accounting Standards with IFRS are Known as IND AS .
Ministry of Corporate Affairs (MCA) notified the following IND AS

Press Ctrl & Click to go to respective Standard

Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Operations
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
Indian Accounting
and Errors

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101
102
103
104
105

First-time Adoption of Indian Accounting Standards

Share-based Payment
Business Combinations
Insurance Contracts
Non-current Assets Held for Sale and Discontinued

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106 Exploration for and Evaluation of Mineral Resources

107 Financial Instruments: Disclosures
108 Operating Segments
109 Financial Instruments
110 Consolidated Financial Statements
111 Joint Arrangements
112 Disclosure of Interests in Other Entities
113 Fair Value Measurement
114 Regulatory Deferral Accounts
115 Revenue from Contracts with Customers
1 Presentation of Financial Statements
2 Inventories
7 Statement of Cash Flows
8 Accounting Policies, Changes in Accounting Estimates

Indian Accounting Standard

Indian Accounting Standard
Indian Accounting Standard
Indian Accounting Standard
Indian Accounting Standard
Indian Accounting Standard
Government Assistance
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Indian Accounting Standard
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Indian Accounting Standard
Indian Accounting Standard
Indian Accounting Standard
Indian Accounting Standard
Indian Accounting Standard
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Indian Accounting Standard
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10
12
16
17
19
20

Events after the Reporting Period

Income Taxes
Property, Plant and Equipment
Leases
Employee Benefits
Accounting for Government Grants and Disclosure of

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21
23
24
27
28
29
32
33
34
36
37
38
40
41

The Effects of Changes in Foreign Exchange Rates

Borrowing Costs
Related Party Disclosures
Separate Financial Statements
Investments in Associates and Joint Ventures
Financial Reporting in Hyperinflationary Economies
Financial Instruments: Presentation
Earnings per Share
Interim Financial Reporting
Impairment of Assets
Provisions, Contingent Liabilities and Contingent Assets
Intangible Assets
Investment Property
Agriculture