Taxmann Students Guide to Accounting Standards (CA Intermediate) (New Syllabus) by D.S. Rawat for Nov 2022 Exam – 8th Edition June 2022

This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the entire revised syllabus as per ICAI under the New Scheme of Education and Training. It applies to Group 1/Paper 1 – Accounting & Group 2/Paper 5 – Advanced Accounting.

This book presents the accounting standards in simple language and equips the reader to apply the accounting standards.

The Present Publication is the 8^th Edition & updated till 30^th April 2022 for CA-Inter | New Syllabus | Nov. 2022/May 2023 exams. This book is authored by Dr D.S. Rawat & CA Nozer Shroff, with the following noteworthy features:

• [Format of the Book]:
  • Covering Revised Syllabus of Paper 1 (Accounting) and Paper 5 (Advanced Accounting) of CA-Intermediate (New Syllabus)
    • [Chapters 1-10] covers Accounting Standards (AS) applicable for the ‘Accounting’ Paper of CA-Inter (Group I1
    • [Chapters 11-23] covers AS applicable for the ‘Advanced Accounting’ Paper of CA-Inter (Group 2)
• [Coverage of this Book] includes:
  • All 21 Accounting Standards (AS)
  • Other chapters relating to AS of the new syllabus, as prescribed by the ICAI
• [Problems & Solutions] Questions on Accounting Standards of past examinations have been incorporated into the respective AS.
• [Past Exam Questions & Answers] including:
  • Solved Paper: December 2021
  • Solved Paper: May 2022
• [Student-Oriented Book] The authors have developed this book, keeping in mind the following factors:
  • Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
  • Shaped by the authors’ experience of teaching the subject matter at different levels
  • Reactions and responses of students have also been incorporated at different places in the book

The detailed contents of this book are as follows:

• Introduction to Accounting Standards and Indian Accounting Standards
• Framework for the Preparation and Presentation of Financial Statements
• Group 1 – Paper 1 (Accounting)
  • AS-1 | Disclosure of Accounting Policies
  • AS-2 | Valuation of Inventories
  • AS-3 | Cash Flow Statement
  • AS-10 | Property, Plant and Equipment
  • AS-11 | The Effects of Changes in Foreign Exchange Rates
  • AS-12 | Accounting for Government Grants
  • AS-13 | Accounting for Investments
  • AS-16 | Borrowing Costs
• Group 2 – Paper 5 (Advanced Accounting)
  • AS-4 | Contingencies and Events occurring after the Balance Sheet date
  • AS-5 | Net Profit or loss for the period, prior period items and change in accounting policies
  • AS-7 | Construction Contracts
  • AS-9 | Revenue Recognition
  • AS-14 | Accounting for Amalgamation
  • AS-17 | Segment Reporting
  • AS-18 | Related Party Disclosure
  • AS-19 | Accounting for Leases
  • AS-20 | Earnings Per Share
  • AS-22 | Accounting for Taxes on Income
  • AS-24 | Discontinuing Operations
  • AS-26 | Intangible Assets
  • AS-29 | Provisions, Contingent Liabilities and Contingent Assets