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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