{"product_id":"taxmanns-indian-accounting-standards-corporate-accounting-practices-books-set-of-3-volumes-by-t-p-ghosh","title":"Taxmann's Indian Accounting Standards \u0026 Corporate Accounting Practices Books (Set of 3 Volumes) By T P Ghosh","description":"\u003cp\u003e\u003cstrong\u003eTaxmann's Indian Accounting Standards \u0026amp; Corporate Accounting Practices Books (Set of 3 Volumes) By T P Ghosh\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eIndian Accounting Standards \u0026amp; Corporate Accounting Practices is widely regarded as India's most authoritative, comprehensive, and practice-oriented commentary on the Ind AS framework. Spanning over 5,000 pages across three meticulously structured volumes, Prof. (Dr) T.P. Ghosh presents a definitive work that accomplishes four core objectives:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003eOffers deep conceptual interpretation of every Ind AS, explaining not just the rules but the underlying principles\u003c\/li\u003e\n\u003cli\u003eConnects Ind AS with global IFRS developments, including IFRS 16, IFRS 17, IFRIC 22, IFRIC 23, and the upcoming IFRS 18 and IFRS 19 (effective 2027)\u003c\/li\u003e\n\u003cli\u003eIntegrates Indian regulatory requirements, particularly the Schedule III Division II and Division III reporting formats\u003c\/li\u003e\n\u003cli\u003eDemonstrates reporting practices through:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eOver 400 corporate disclosure extracts from Indian companies\u003c\/li\u003e\n\u003cli\u003eMore than 700 interpretative and numerical examples, including valuation models, EPS computations, impairment analyses, ECL mechanics, and hedge accounting illustrations\u003c\/li\u003e\n\u003cli\u003eNumerous diagrams, decision trees, and flowcharts that simplify complex concepts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cp\u003eWhat sets this work apart is its ability to explain the why behind every requirement—how companies actually apply Ind AS, where they encounter judgmental issues, and how regulatory and practical considerations intersect. Each chapter follows a clear and instructive structure: principle → analytical interpretation → computational illustration → corporate practice → regulatory frame → disclosure template.\u003c\/p\u003e\n\u003cp\u003eFar more than a reference book, this three-volume set serves as a complete learning, application, and interpretative framework for professionals and organisations navigating the full breadth of India's Ind AS landscape.\u003c\/p\u003e\n\u003cp\u003eThis book is intended for the following audience:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eCorporate \u0026amp; Professional Users\u003c\/strong\u003e – CFOs, financial controllers, reporting heads, audit partners, internal audit teams, valuation specialists, ECL modellers, treasury professionals, and reporting teams across NBFCs, banks, and financial institutions who require authoritative guidance on Ind AS application, presentation, and compliance\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAdvisory, Consulting \u0026amp; Technical Specialists \u003c\/strong\u003e– Transaction advisory teams, deal accounting professionals, IFRS\/Ind AS conversion experts, fair value measurement practitioners, financial modellers, and risk management or treasury specialists involved in complex financial reporting, structuring, and interpretation\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAcademics \u0026amp; Examination Candidates\u003c\/strong\u003e – Professors, researchers, doctoral scholars, and students pursuing CA, CS, CMA, ACCA, IFRS certifications or MBA (Finance\/Accounting) programmes who seek a comprehensive, concept-driven and practice-oriented understanding of Ind AS and corporate reporting\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCorporate Accountants \u0026amp; Finance Teams\u003c\/strong\u003e – Professionals responsible for consolidation, group reporting, financial instruments accounting, leases, revenue recognition, business combinations, and other advanced Ind AS areas requiring clear interpretative and disclosure guidance\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe Present Publication is the 10\u003csup\u003eth\u003c\/sup\u003e Edition, authored by Prof. (Dr) T.P. Ghosh, with the following noteworthy features:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e[\u003cstrong\u003eThe Only Indian Work Fully Integrating Ind AS, IFRS \u0026amp; Schedule III\u003c\/strong\u003e]\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eThis work uniquely brings together Ind AS requirements, evolving IFRS developments, interpretation bulletins, Illustrative Examples, and the Companies Act's Schedule III framework\u003c\/li\u003e\n\u003cli\u003eThe author consistently demonstrates how global standards influence Indian reporting—for instance, explaining IFRS 18's revised profit-and-loss structure in relation to Ind AS 1, drawing parallels between IFRS 19 and Ind AS 112, and aligning Ind AS 117 with IFRS 17. This offers readers a genuinely global-to-local understanding of financial reporting\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eDeep, Interpretative Commentary Across All 67 Chapters\u003c\/strong\u003e] Each Ind AS is treated as a full subject rather than a brief summary. The author analyses the rationale, conceptual framework linkages, and underlying economic substance of every requirement. Examples include:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eInd AS 113 (Fair Value Measurement) – Comprehensive coverage of market, income and cost approaches; fair value hierarchy; risk-adjusted discounting; calibration of unobservable inputs; Level 3 techniques; and multi-period excess earnings models presented in stepwise detail\u003c\/li\u003e\n\u003cli\u003eInd AS 115 (Revenue) – Expansion of the five-step model to address practical issues such as warranties, licensing, breakage, sales with return rights, renewals, variable consideration, consignment arrangements and bill-and-hold transactions\u003c\/li\u003e\n\u003cli\u003eInd AS 109\/32\/107 – Volume 3 effectively becomes a standalone textbook on financial instruments, covering classification, ECL modelling, hedge accounting, derivatives, embedded derivatives, derecognition, and detailed disclosure requirements\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eUnmatched Depth of Practical Examples\u003c\/strong\u003e] The set contains:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e700+ worked examples covering leases, foreign currency translation, revenue recognition, impairment and ECL models, derivative valuations, etc.\u003c\/li\u003e\n\u003cli\u003e400+ real corporate case studies drawn from the financial statements of Indian companies across manufacturing, IT, telecom, pharma, NBFCs, banks, and conglomerates—showcasing actual accounting policy language, footnotes and disclosure formats\u003c\/li\u003e\n\u003cli\u003eThe breadth of illustration is unparalleled in any other Indian Ind AS publication.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eComplete 360° Coverage of All Financial Reporting Components\u003c\/strong\u003e] The volumes collectively provide:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eFull standalone financial statement formats\u003c\/li\u003e\n\u003cli\u003eComprehensive consolidated financial statements with detailed walkthroughs of Ind AS 110\/111\/112\u003c\/li\u003e\n\u003cli\u003eExamples on OCI presentation, EPS (basic \u0026amp; diluted), Statement of Changes in Equity, and Cash Flow Statements\u003c\/li\u003e\n\u003cli\u003eExtensive guidance on segment reporting and identification of the Chief Operating Decision Maker (CODM) under Ind AS 108\u003c\/li\u003e\n\u003cli\u003eNumerous illustrations for related party disclosures\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eExtensive Treatment of Complex \u0026amp; Judgment-Heavy Topics\u003c\/strong\u003e] The author addresses areas that typically challenge preparers, including:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eComponent accounting, useful life assessments and re-estimation\u003c\/li\u003e\n\u003cli\u003eECL modelling, SICR indicators, forward-looking information and macroeconomic overlays\u003c\/li\u003e\n\u003cli\u003eValuation of unquoted equity instruments and calibration adjustments\u003c\/li\u003e\n\u003cli\u003eRevenue variable consideration constraints and significant financing components\u003c\/li\u003e\n\u003cli\u003eValuation of share-based payments using Black–Scholes and Binomial models\u003c\/li\u003e\n\u003cli\u003eLease modifications, reassessments, contract combinations, and lessor classification\u003c\/li\u003e\n\u003cli\u003eBusiness combination adjustments, goodwill allocation and NCI measurement\u003c\/li\u003e\n\u003cli\u003eInd AS 21's treatment of non-exchangeable foreign currency situations\u003c\/li\u003e\n\u003cli\u003eEach topic is supported by conceptual explanation and numerical examples for clarity\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eA Practical 'How-To Guide' on Fair Value Measurement\u003c\/strong\u003e] The treatment of Ind AS 113 in Volume 2 functions almost as a dedicated valuation manual. It covers:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eMarket multiples such as P\/E, EV\/EBITDA and P\/B\u003c\/li\u003e\n\u003cli\u003eDetailed DCF models and risk-adjusted present value techniques\u003c\/li\u003e\n\u003cli\u003eMatrix pricing for illiquid bonds, complete with tabulated computations\u003c\/li\u003e\n\u003cli\u003eSwap valuation, including SOFR-based bootstrapping, is explained across several pages\u003c\/li\u003e\n\u003cli\u003eMulti-period excess earnings models with derivation of contributory asset charges\u003c\/li\u003e\n\u003cli\u003eThis is one of the most advanced and practitioner-oriented fair value discussions available in India\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eSector-specific and Transaction-specific Insights\u003c\/strong\u003e] The book illustrates Ind AS application across diverse industries and transaction types, including:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003ePower sector PPAs\u003c\/li\u003e\n\u003cli\u003eService concession arrangements\u003c\/li\u003e\n\u003cli\u003eTelecom revenue models\u003c\/li\u003e\n\u003cli\u003eReal estate recognition issues\u003c\/li\u003e\n\u003cli\u003eNBFC and banking ECL approaches\u003c\/li\u003e\n\u003cli\u003eMining industry stripping costs\u003c\/li\u003e\n\u003cli\u003eAgriculture fair value adjustments\u003c\/li\u003e\n\u003cli\u003ePharmaceutical licensing arrangements\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eComprehensive Disclosure Templates and Implementation Aids\u003c\/strong\u003e] The Ind AS 107 section in Volume 3 provides a complete set of disclosure tools, including:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eCategory-wise disclosure templates\u003c\/li\u003e\n\u003cli\u003eMaturity analyses and liquidity risk schedules\u003c\/li\u003e\n\u003cli\u003eMarket risk, credit risk and interest-rate risk tables\u003c\/li\u003e\n\u003cli\u003eCollateral disclosures\u003c\/li\u003e\n\u003cli\u003eHedge accounting reconciliations\u003c\/li\u003e\n\u003cli\u003eTransfer, derecognition and continuing involvement matrices\u003c\/li\u003e\n\u003cli\u003eThese templates greatly support preparers in meeting detailed Ind AS disclosure requirements\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe coverage of the book is as follows:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003eVolume 1 — Presentation of Financial Statements | Foundational, Structural \u0026amp; Consolidation Standards\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003ePart I – Transition to Ind AS\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eCovers first-time adoption under Ind AS 101, including exceptions, optional exemptions, reconciliations, transition balance sheet requirements and practical transition mechanics\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart II – Ind AS-based Financial Reporting Framework\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eExplains the integration of Ind AS 1 with Schedule III, detailed rules for current–non-current classification, and earnings per share under Ind AS 33—including complex capital structures\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart III – Standalone Financial Statements\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eProvides extensive guidance on preparing the Statement of Profit and Loss (including OCI presentation), Statement of Cash Flows (direct and indirect methods), material accounting policies, and a structured approach to drafting Notes to Accounts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart IV – Consolidated Financial Statements\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eCovers control evaluation under Ind AS 110, classification of joint arrangements (joint operations vs joint ventures), the equity method under Ind AS 28, NCI measurement and full templates for consolidated reporting\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart V – Presentation Principles\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eDiscusses Ind AS 8, 10, 24, 105, 108 and 114, along with complex illustrations on CODM identification, reclassifications, and discontinued operations\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eVolume 2 — Elements of Financial Statements | Recognition, Measurement \u0026amp; Disclosure Across All Major Ind AS Areas\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003ePart VI – Measurement Principles\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eA comprehensive discussion of valuation techniques under Ind AS 113, updated foreign currency translation rules under Ind AS 21, share-based payment modelling (volatility, risk-free rates, dividend assumptions), and hyperinflation accounting under Ind AS 29\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart VII – Revenue (Ind AS 115)\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eExpands the five-step model with more than 50 examples, covering licensing, royalties, warranties, breakage, returns, repurchase agreements and other industry-specific issues.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart VIII – Inventories, Expenses, Taxes \u0026amp; Provisions\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eCovers Ind AS 2, 12, 19, 23, and 37, including detailed actuarial valuation examples for employee benefits, complex scenarios on deferred tax (including Pillar Two rules), and full guidance on inventory costing, provisions and borrowing costs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart IX – Assets, Depreciation \u0026amp; Impairment\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eIncludes recognition and componentisation of PPE, decommissioning liabilities, comprehensive coverage of intangible assets (including cloud-computing configuration costs and cryptocurrencies), and in-depth CGU-level impairment modelling under Ind AS 36\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart X – Government Grants\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eExplains the distinction between grants and government assistance, accounting for forgivable loans, capital grants, interest subsidies and grant repayments\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart XI – Business Combinations\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eCovers the acquisition method, valuation of contingent consideration, accounting for replacement awards, and treatment of common control transactions using the pooling-of-interests method\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eVolume 3 — Financial Instruments | India's Most Complete Ind AS Commentary on Financial Instruments\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003ePart I – Presentation (Ind AS 32)\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eClarifies the distinction between financial liabilities and equity, puttable instruments, compound instruments and treatment of treasury shares\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart II – Recognition, Classification \u0026amp; Measurement (Ind AS 109)\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eExplains business model assessment, SPPI testing with multiple examples, effective interest rate mechanics, and measurement under amortised cost, FVOCI and FVPL\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart III – Derivatives \u0026amp; Embedded Derivatives\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eCovers currency forwards, options, swaps, bifurcation of embedded derivatives, and distinctions between commodity and financial derivatives\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart IV – Reclassification\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eDiscusses reclassification triggers and the accounting consequences across categories\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart V – Impairment (ECL Model)\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eDetailed analysis of 12-month vs lifetime ECL, SICR evaluation, macroeconomic overlays, forward-looking information and treatment of collateral\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart VI – Hedge Accounting\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eExplains fair value, cash flow and net investment hedges; effectiveness testing; and the treatment of time value, forward elements and basis spreads\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart VII – Derecognition\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eCovers pass-through arrangements, continuing involvement, and partial derecognition scenarios\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart VIII – Equity Swaps \u0026amp; Liability Extinguishment\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eDetails IFRIC 19 mechanics with illustrative examples on settlement of financial liabilities using equity instruments\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePart IX – Disclosures (Ind AS 107)\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eProvides extensive templates and illustrations for credit, liquidity and market risk disclosures; transfer and derecognition disclosures; offsetting; and sensitivity analyses\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cp\u003eEvery chapter across the three volumes follows a consistent and highly instructional architecture:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eConceptual Grounding\u003c\/strong\u003e – Introduces the principle, links to the conceptual framework and explains relevant IFRS parallels\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePrinciple-based Exposition\u003c\/strong\u003e – Breaks down the wording, structure and intent of the standard, paragraph by paragraph\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eInterpretative Commentary \u003c\/strong\u003e– Offers expert analysis on judgment areas, alternative interpretations, and practical application issues\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eNumerical Examples \u0026amp; Valuation Tables\u003c\/strong\u003e – Includes DCF models, present value techniques, risk adjustments, option valuations, swap valuations and other computations\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIllustrative Corporate Disclosures\u003c\/strong\u003e – Extracts and annotates Ind AS disclosures from Indian companies for practical insight\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCommon Pitfalls \u0026amp; Practice Issues\u003c\/strong\u003e – Highlights frequent errors, misinterpretations and practical complexities faced by preparers\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSummary Tables, Checklists \u0026amp; Diagrams\u003c\/strong\u003e – Uses charts, flow-logics and structured tables to simplify complex standards and aid rapid learning\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":59361567506513,"sku":null,"price":6397.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/5534\/5745\/files\/1_616a0da2-17c0-47fa-bce0-f4859393c248.jpg?v=1776241139","url":"https:\/\/buytestseries.in\/products\/taxmanns-indian-accounting-standards-corporate-accounting-practices-books-set-of-3-volumes-by-t-p-ghosh","provider":"BuyTestSeries.in","version":"1.0","type":"link"}