Accounting Standards

Accounting Standards (ICAI)

AS 1 Disclosure of Accounting Policies AS 2 Valuation of Inventories AS 3 Cash Flow Statements AS 4 Contingencies and Events Occurring after the Balance Sheet Date AS 5 Net Profit or Loss for the period, Prior Period Items and Changes in Accounting Policies AS 6 Depreciation Accounting AS 7 Construction Contracts (revised 2002) AS 9 Revenue Recognition AS 10 Accounting for Fixed Assets AS 11 The Effects of Changes in Foreign Exchange Rates (revised 2003), AS 12 Accounting for Government Grants AS 13 Accounting for Investments AS 14 Accounting for Amalgamations AS 15 Employee Benefits (revised 2005) AS 16 Borrowing Costs AS 17 Segment Reporting AS 18 Related Party Disclosures AS 19 Leases AS 20 Earnings Per Share AS 21 Consolidated Financial Statements AS 22 Accounting for Taxes on Income. AS 23 Accounting for Investments in Associates in Consolidated Financial Statements AS 24 Discontinuing Operations AS 25 Interim Financial Reporting AS 26 Intangible Assets AS 27 Financial Reporting of Interests in Joint Ventures AS 28 Impairment of Assets AS 29 Provisions, Contingent` Liabilities and Contingent Assets    Accounting Standards for Local Bodies (ICAI)

·         Preface to the Accounting standard for Local Bodies  ·         Accounting Standard for Local Bodies (ASLB) 1, ‘Presentation of Financial Statements’  ·         Accounting Standards for Local Bodies (ASLB) 3, ‘Accounting Policies, changes in Accounting Estimates and Errors" ·         Accounting Standard for Local Bodies (ASLB) 5, ‘Borrowing Costs’ ·         Accounting Standard for Local Bodies (ASLB 9), ‘Revenue from Exchange Transactions’ ·         Accounting standard for Local Bodies (ASLB) 11, “Construction Contracts”  ·         Accounting Standard for Local Bodies (ASLB) 12, 'Inventories'  ·         Accounting Standard for Local Bodies (ASLB) 14, ‘Events After the Reporting Date’ ·         Accounting Standard for Local Bodies (ASLB) 17, ‘Property, Plant and Equipment’ ·         Accounting Standards for Local Bodies (ASLB) 19, ‘Provision, Contingent Liabilities and Contingent Assets’  ·         Accounting Standards for Local Bodies (ASLB) 31, ‘Intangible Assets’  ·         Accounting Standards for Local Bodies (ASLB), ‘Financial Reporting under Cash Basis of Accounting’