{"product_id":"accounting-standards-as","title":"Accounting Standards (AS)","description":"\u003cp\u003e\u003cem\u003e\u003cspan\u003eAccounting Standards (AS) \u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003eis a complete, current and self-contained reference to the Accounting Standards notified under the Companies Act 2013—the standards that govern financial reporting for every company outside the Ind AS framework.\u003cem\u003e \u003c\/em\u003eIn a single volume, it gives the reader three things:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003e\u003cspan\u003eThe bare law, in full\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e. The entire Companies (Accounting Standards) Rules 2021—the notification, Rules 1 to 5, the General Instructions, and the complete text of all 27 Accounting Standards—reproduced exactly as notified. Nothing is paraphrased, abridged or summarised. Every paragraph number, every proviso, every Explanation, every transitional provision, and the typographic distinction between the bold-italic main principles and the plain-type supporting text are preserved as they appear in the Gazette.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003e\u003cspan\u003eEvery worked example that comes with the standards\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e. The illustrations, model formats, comparative tables and decision trees attached to the standards are printed in full—a substantial part of the book's bulk, and the part most often trimmed elsewhere. This is what makes the volume usable at the desk rather than merely citable.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003e\u003cspan\u003eAn analytical prologue on applicability\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e. Twenty-nine pages of editorial discussion precede the Rules, dealing with the question a practitioner has to settle before opening any standard: which framework applies to this company, and what can a Small and Medium-Sized Company leave out. This section is written as commentary—with worked examples, dated illustrations, comparison tables and the author's remarks—and is the one part of the book that goes beyond the notified text.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThis is a working reference rather than a textbook. It suits anyone who needs the authentic text of a standard quickly, and needs to be sure it is the current text:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eChartered Accountants in Practice\u003c\/em\u003e\u003c\/strong\u003e—for audit fieldwork, financial statement review, and certification work\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eStatutory Auditors of Private and Unlisted Companies\u003c\/em\u003e\u003c\/strong\u003e—the Rules bind the auditor as well as the company, which makes this an audit-desk volume as much as a preparer's one\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eCFOs, Financial Controllers and Finance Teams of Non-Ind AS Companies\u003c\/em\u003e\u003c\/strong\u003e, who need one book on the shelf rather than a folder of downloaded notifications\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eSmall and Medium-Sized Companies and their Advisors\u003c\/em\u003e\u003c\/strong\u003e—the reason to buy this particular volume over a plain bare-act reprint is its treatment of the SMC exemptions, which are set out both as a dedicated chapter and as provisos printed inside each affected standard\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eBanks, Insurance Companies, Financial Institutions and NBFCs\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003estill reporting outside Ind AS\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eCompany Secretaries and Cost \u0026amp; Management Accountants\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eworking on financial statements, board reporting and amalgamation schemes\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eTax Practitioners\u003c\/em\u003e\u003c\/strong\u003e, for whom AS 22, with its Income-tax-keyed explanations and illustrations, is the most-consulted standard in the book\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eCA, CS and CMA Students\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e(Intermediate and Final) and academicians, who need the unedited standard alongside its official illustrations\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eLaw Firms, Valuers and Transaction Advisors\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eneeding an authoritative citation source\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe Present Publication is the 2026 Edition, amended upto 1\u003csup\u003est\u003c\/sup\u003e August 2026. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e[\u003cstrong\u003eAmended \u0026amp; Updated\u003c\/strong\u003e] The volume carries the Companies (Accounting Standards) Amendment Rules 2026 (\u003cem\u003ew.e.f. 10-3-2026\u003c\/em\u003e), with the newly inserted AS 22 paragraphs printed in position and footnoted to the amending notification, rather than appended as an addendum\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eComplete \u0026amp; Unabridged\u003c\/strong\u003e] All 27 standards in full, plus the notification's own recital of the superseded 2006 Rules and the seven amendment notifications issued under them between 2008 and 2018. Everything needed to cite the provision accurately is on the page\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eAll Illustrations Retained\u003c\/strong\u003e] The official illustrations, model formats and worked computations are printed in full, including two decision trees, model cash flow statements under both methods, condensed interim formats for a general enterprise and for a bank, seven EPS computations, eight impairment illustrations, and eleven provisioning scenarios\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eSMC Exemptions Covered Twice Over\u003c\/strong\u003e] Once as a dedicated chapter that walks through the relief standard by standard with examples, and again inside the standards themselves, where sixteen provisos and two head-note relaxations appear at the precise paragraph they modify. An SMC preparer sees the relaxation at the point of application instead of having to cross-refer\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eApplicability Settled Before You Start\u003c\/strong\u003e] A three-tier framework table (\u003cem\u003eInd AS | AS | AS with relaxations\u003c\/em\u003e) and a standard-wise mandatory\/optional matrix covering all 27 standards for both SMCs and non-SMCs, so the threshold question is answered in two pages\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eAmendment History Footnoted\u003c\/strong\u003e] Eleven footnotes across ten standards record whether each set of transitional provisions still operates under the 2021 Rules or was spent under the 2006 Rules, and further footnotes carry the notification history where a date has been successively substituted. This is the practical form the book's 'comparative study of the 2006 and 2021 Rules' takes\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eCross-References\u003c\/strong\u003e] Footnotes at the foot of the relevant page flag where one standard qualifies another, where a standard applies only in specified circumstances, and where a paragraph is disapplied to schemes approved under the Companies Act 2013\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eDesigned for Look-Up\u003c\/strong\u003e] A contents list giving the opening page of every standard, running heads carrying the standard's name on every page, and footnotes keyed to the paragraph they qualify\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe structure of the book is as follows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eThe Organising Principle\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eThe volume is arranged in two stages, so that the applicability question is settled before the substantive text begins\u003c\/li\u003e\n\u003cli\u003eStage 1 answers which framework applies and what an SMC may leave out; Stage 2 gives the notified text itself\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eStage 1—The Analysis\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eContents list, giving the arrangement of Rules and the opening page of every standard\u003c\/li\u003e\n\u003cli\u003eChapter 1—Backdrop\u003c\/li\u003e\n\u003cli\u003eChapter 2—New Accounting Standard Rules 2021 notified under the Companies Act 2013\u003c\/li\u003e\n\u003cli\u003eChapter 3—Exemptions\/Relaxations in Accounting Standards for SMCs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eStage 2—The Law\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eArrangement of Rules\u003c\/li\u003e\n\u003cli\u003eThe Notification dated 23-6-2021, reproduced in full\u003c\/li\u003e\n\u003cli\u003eRules 1 to 5\u003c\/li\u003e\n\u003cli\u003eAnnexure Part A—General Instructions\u003c\/li\u003e\n\u003cli\u003eAnnexure Part B—Accounting Standards, AS 1 to AS 29 in numerical sequence\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eHow Each Standard is Laid Out\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eA common opening—every standard begins with the same preamble on the equal authority of bold italic and plain type, and the direction to read it with the General Instructions in Part A\u003c\/li\u003e\n\u003cli\u003eThen a pattern that follows the standard's vintage:\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eLater standards — Objective → Scope → Definitions → Requirements → Disclosure\u003c\/li\u003e\n\u003cli\u003eSix older standards — AS 1, AS 4, AS 9, AS 12, AS 13 and AS 14—open with an Introduction and close with Main Principles\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePrinted in place, wherever they occur:\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eExplanations inserted by MCA\u003c\/li\u003e\n\u003cli\u003eTransitional provisions, with their footnotes\u003c\/li\u003e\n\u003cli\u003eSMC provisos, at the exact paragraph they modify\u003c\/li\u003e\n\u003cli\u003eThe attached illustrations, model formats, tables and decision trees\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eNavigation Aids\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eContents list giving the opening page of every standard\u003c\/li\u003e\n\u003cli\u003eRunning heads naming the standard on every page\u003c\/li\u003e\n\u003cli\u003ePage-foot footnotes tied to paragraph numbers\u003c\/li\u003e\n\u003cli\u003eCross-references pointing, where relevant, to a note printed under another standard\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e","brand":"Only Padhai","offers":[{"title":"Default Title","offer_id":45450038738967,"sku":null,"price":626.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0803\/5054\/3895\/files\/AccountingStandards_AS.png?v=1787915248","url":"https:\/\/onlypadhai.in\/products\/accounting-standards-as","provider":"Only Padhai","version":"1.0","type":"link"}