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AS vs IND AS vs IFRS

AS vs IND AS vs IFRS

So most of you are confused while remembering IND AS along with corresponding Accounting Standard. So in this post we brings to you AS vs IND AS vs IFRS . this contains all IND AS along with their corresponding Accounting standards and IFRS. Keep bookmark this page for future reference as well 🙂

 

AS vs IND AS vs IFRS

 S.No  Ind AS  IFRS  Title of Ind AS/IFRS  AS/GN  AS/GN Title
           1          101              1  First time adoption of Indian Accounting Satndards            –                                                     –
           2          102              2  Share Based Payments  GN 18  Guidance note on Accounting for Employee Share-based Payments
           3          103              3  Business Combinations  AS 14  Accounting for Amalgamations
           4          104              4  Insurance Contracts            –                                                     –
           5          105              5  Non Current Assets held for Sale and Discontinued Operations  AS 24  Discontinued Operations
           6          106              6  Exploration for and Evaluation of Mineral Resources  GN 15  Guidance note on Accounting for Oil and Gas Producing Activities
           7          107              7  Financial Instruments : Disclosures  AS 32  Financial Instruments : Disclosures
           8          108              8  Operating Segments  AS 17  Segmental Reporting
           9          109              9  Financial Instruments  AS 30  Financial Instruments : Recognition and Measurement
         10          110            10  Consolidated Financial Statements  AS 21  Consolidated Financial Statements
         11          111            11  Joint Arrangements  AS 27  Financial reporting of interests in Joint Ventures
         12          112            12  Disclosure of interest in other entities            –                                                     –
         13          113            13  Fair Value Measurement            –                                                     –
         14          114            14  Regulatory Deferral Accounts  GN  Accounting for Rate Regulated Activities
         15              1              1  Presentation of Financial Statements  AS 1  Disclosure of Accounting Policies
         16              2              2  Inventories  AS 2  Valuation of inventories
         17              7              7  Statement of cash flows  AS 3  Cash Flow Statements
         18              8              8  Accounting Policies, Change in Accounting Estimates and Errors  AS 5  Net profit or loss fot\r the period, Prior period items and Changes in Accounting Policies
         19            10            10  Events after Reporting Period  AS 4  Contingencies and events occuring after Balance Sheet.
         20            11            11  Construction Contracts  AS 7  Construction Contracts
         21            12            12  Income Taxes  AS 22  Accouting for Taxes on Income.
         22            16            16  Property, Plant and Equipment  AS 10  Accounting for Fixed Assets
         23            17            17  Leases  AS 19  Leases
         24            18            18  Revenue  AS 9  Revenue Recognition
         25            19            19  Employee Benefits  AS 15  Employee Benefits
         26            20            20  Accounting for Gevernment Grants and Disclosure of Government Assistance  AS 12  Accounting for Gevernment Grants
         27            21            21  The Effects of Changes in Foreign Exchange Rates  AS 11  The Effects of Changes in Foreign Exchange Rates
         28            23            23  Borrowing Costs  AS 16  Borrowing Costs
         29            24            24  Related Party Disclosures  AS 18  Related Party Disclosures
         30            27            27  Separate Financial Statements            –                                                     –
         31            28            28  Investments in Associates and Joint Ventures  AS 23  Accounting for Investments in Associates in Consolidated Financial Statements
         32            29            29  Financial reporting in Hyperinflationery Economies            –                                                     –
         33            32            32  Financial Instruments : Pr4esentation  AS 31  Financial Instruments : Pr4esentation
         34            33            33  Earnings Per Share  AS 20  Earnings Per Share
         35            34            34  Interim Financial Reporting  AS 25  Interim Financial Reporting
         36            36            36  Impairment of Assets  AS 28  Impairment of Assets
         37            37            37  Provisions, Contingent Liabilities and Contingent Assets  AS 29  Provisions, Contingent Liabilities and Contingent Assets
         38            38            38  Intangible Assets  AS 26  Intangible Assets
         39            40            40  Investment Property  AS 13  Accounting for Investments
         40            41            41  Agriculture            –                                                     –

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