Taxmann Students Guide to Accounting Standards by DS Rawat for May 2022

This book presents the accounting standards in simple language and equips the reader to apply the accounting standards. This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the entire revised syllabus as per ICAI.

The Present Publication is the 7^th Edition, authored by Dr D.S. Rawat & CA Nozer Shroff, for CA-Inter | New Syllabus (Updated till 31^st October 2021) for May/Nov. 2022 exams, 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 I)
    • [Chapters 11-23] covers AS applicable for ‘Advanced Accounting’ Paper of CA-Inter (Group II)
• [Coverage of this Book] includes:
  • All 21 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 in the respective AS.
• [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
  • Reaction and responses of students have also been incorporated at different places in the book

Also Available:

• [4^th Edition] of Taxmann’s CRACKER cum Exam Guide for Accounting (New Syllabus)
• [4^th Edition] of Taxmann’s CRACKER cum Exam Guide for Advanced Accounting (New Syllabus)
• Taxmann’s Combo for Accounting comprising of Students’ Guide to Accounting Standards & CRACKER
• Taxmann’s Combo for Advanced Accounting comprising of Students’ Guide to Accounting Standards & CRACKER

Detailed contents of this book are as follows:

• Group I – 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 II – 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