Taxmann’s New Accounting Standards (AS) – Updated AS issued under the Companies (Accounting Standard) Rules, 2021 with Comparative Study, Checklists for SMCs, Guide on Exemptions/Relaxations  (Paperback, Taxmann)

New Accounting Standards (AS) contains the updated Accounting Standards issued under the Companies (Accounting Standard) Rules, 2021, with effect from 01-04-2021. It also provides an overview of all changes incorporated in the new Accounting Standards vis-à-vis the previous version; in other words, it presents a comparative study of Accounting Standard Rules 2006 & Accounting Standards Rules 2021. The Present Publication is the Reprint November 2022 Edition, updated till 24th June 2021. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features: (1) [Text of New Accounting Standard Rules, 2021] notified under Companies (Accounting Standard) Rules, 2021 (Enforced w.e.f. 1-4-2021); (2) [Complete Checklist] on the applicability of Accounting Standards for Small and Medium Companies (SMCs) and Non-SMCs; and (3) [Detailed Guide on Exemptions/Relaxations] in Accounting Standards for SMCs The contents of the book are as follows: (1) Arrangement of Rules (i) Short Title and Commencement (ii) Definitions (iii) Accounting Standards (iv) Obligation to Comply with Accounting Standards (v) Qualification for Exemption or Relaxation in respect of SMC (2) General Instructions (3) Accounting Standards (1) Accounting Standard (AS) 1: Disclosure of Accounting Policies (2) Accounting Standard (AS) 2: Valuation of Inventories (3) Accounting Standard (AS) 3: Cash Flow Statements (4) Accounting Standard (AS) 4: Contingencies and Events occurring after the Balance Sheet Date (5) Accounting Standard (AS) 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies (6) Accounting Standard (AS) 7: Construction Contracts (7) Accounting Standard (AS) 9: Revenue Recognition (8) Accounting Standard (AS) 10: Property, Plant and Equipment (9) Accounting Standard (AS) 11: The Effects of Changes in Foreign Exchange Rates (10) Accounting Standard (AS) 12: Accounting for Government Grants (11) Accounting Standard (AS) 13: Accounting for Investments (12) Accounting Standard (AS) 14: Accounting for Amalgamations (13) Accounting Standard (AS) 15: Employee Benefits (14) Accounting Standard (AS) 16: Borrowing Costs (15) Accounting Standard (AS) 17: Segment Reporting (16) Accounting Standard (AS) 18: Related Party Disclosures (17) Accounting Standard (AS) 19: Leases (18) Accounting Standard (AS) 20: Earnings Per Share (19) Accounting Standard (AS) 21: Consolidated Financial Statements (20) Accounting Standard (AS) 22: Accounting for Taxes on Income (21) Accounting Standard (AS) 23: Accounting for Investments in Associates in Consolidated Financial Statements (22) Accounting Standard (AS) 24: Discontinuing Operations (23) Accounting Standard (AS) 25: Interim Financial Reporting (24) Accounting Standard (AS) 26: Intangible Assets (25) Accounting Standard (AS) 27: Financial Reporting of Interests in Joint Ventures (26) Accounting Standard (AS) 28: Impairment of Assets (27) Accounting Standard (AS) 29: Provisions, Contingent Liabilities and Contingent Assets