THE INDIAN ACCOUNTING STANDARDS in a nutshell

THE INDIAN ACCOUNTING STANDARDS

         in a nutshell

AS1--DISCLOSURE OF ACCOUNTING PRINCIPLES

AS2--VALUATION OF INVENTORIES

AS3--CASH FLOW STATEMENT

AS4--CONTINGENCIES AND EVENTS OCCURING AFTER THE BALANCE SHEET DATE

AS5--NET PROFIT OR LOSS FOR THE PERIOD ,PRIOR PERIOD ITEMS AND CHANGES IN ACCOUNTING POLICIES.

AS6--DEPRECIATION OF ACCOUNTING

AS7--ACCOUNTING FOR CONSTRUCTION CONTRACTS

AS8--ACCOUNTING FOR RESEARCH AND DEVELOPMENT

AS9--REVENUE RECOGNITION

AS10--ACCOUNTING FOR FIXED ASSETS

AS11--ACCOUNTING FOR THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATE

AS12--ACCOUNTING FOR GOVT.GRANTS

AS13--ACCOUNTTING FOR INVESTMENTS

AS14--ACCOUNTING FOR AMALGAMATIONS

AS15--ACCOUNTING FOR RETIREMENT BENEFITS IN THE FINANCIAL STATEMENTS OF EMPLOYERS

AS16--BORROWING COSTS

AS17--SEGMENT REPORTING

AS18--RELATED PARTY DISCLOSURE

AS19-LEASES

AS20--EARNING PER SHARE

AS21--CONSOLIDATED FINANCIAL STATEMENT

AS22--ACCOUNTING FOR TAXES ON INCOME

AS23--ACCOUNTING FOR INVESTMENTS IN ASSOCIATES IN CONSOLIDATED   FINANCIAL STATEMENTS

AS24--DISCONTINUED OPERATIONS

AS25--INTERIM FINANCIAL REPORTING

AS26--INTANGIBLE ASSETS

AS27--FINANCIAL REPORTING OF INTERESTS IN JOINT VENTURES.

All the above standards issued by Accounting Standards Board are reccommended for use by companies listed on a recognised Stock Exchange and other large commercial ,industrial and business enterprises in the public and private sectors.