Students' Guide to Accounting Standards book for CA Intermediate By D.S. Rawat, Nozer Shroff

This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the new syllabus per ICAI. It applies to Group I | Paper 1 – Advanced Accounting.

It simplifies complex accounting concepts and ensures that readers can confidently apply these standards practically. The approach taken by the authors combines theoretical rigour with practical insight, helping students build a solid foundation for their exams and future professional practice.

The Present Publication is the 13^th Edition for the CA-Inter | New Syllabus | Jan./May 2025 Exam. This book is authored by Dr D.S. Rawat & CA. Nozer Shroff, with the following noteworthy features:

• Strictly as per the New Syllabus of the ICAI
• [Comprehensive Coverage] The book covers all Accounting Standards (AS) as required by the syllabus, offering in-depth explanations and practical examples to enhance understanding. Each standard is explained in a student-friendly manner, ensuring clarity and ease of learning.
• [Problems & Solutions] The book integrates questions from past examinations into each Accounting Standard, providing students ample practice and helping them understand how theoretical knowledge is applied in exam scenarios. Solutions are presented in a step-by-step manner to aid in comprehension.
• [Past Exam Questions & Answers] Previous examination questions, along with detailed answers, are included in the book. These serve as a vital tool for exam preparation, allowing students to familiarize themselves with the exam pattern and the types of questions asked.
• [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 author's 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 (ASs) and Indian Accounting Standards (Ind Ass)
• Framework for the Preparation and Presentation of Financial Statements
• AS-1 | Disclosure of Accounting Policies
• AS-2 | Valuation of Inventories
• AS-3 | Cash Flow Statement
• 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-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-14 | Accounting for Amalgamation
• AS-15 | Employee Benefits
• AS-16 | Borrowing Costs
• AS-17 | Segment Reporting
• AS-18 | Related Party Disclosure
• AS-19 | Accounting for Leases
• AS-20 | Earnings Per Share
• AS-21 | Consolidated Financial Statements
• AS-22 | Accounting for Taxes on Income
• AS-23 | Accounting Investments in Associates in Consolidated Financial Statements
• AS-24 | Discontinuing Operations
• AS-25 | Interim Financial Reporting (IFR)
• AS-26 | Intangible Assets
• AS-27 | Financial Reporting of Interest in Joint Venture
• AS-28 | Impairment of Assets

AS-29 | Provisions, Contingent Liabilities and Contingent Assets