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............................................................................................................................ Book Description • This is the only book on the subject that contains complete answers to problems asked in the last 39 attempts in CA Final exams, including November, 2010 exams. It covers ove 200 examinations questions based on Accounting Standards. • This is the only book that contains answers to problems asked in the "Advanced Auditing" papers apart from "Advanced Accounting". All the problems have been solved as per the latest versions of the Accounting Standards. • The book is written in an interactive manner so as to facilitate self learning. • All the chapters have been written in a reader friendly manner. Liberal use of charts and diagrams have been made. • The main points of each Accounting Standard have been summarized in chart form to give a bird's eye view of the Standard, The impact of the Companies (Accounting Standards) Rules, 2006 has been explained at appropriate places. • The book contains a large number of examples from the corporate annual reports so as to give a practical flair to the subject. • Over 300 objective type questions have been given so that the students can test their basic understanding of the Accounting Standards. • The book contains over 225 practice problems with hints. • Though the book is specifically designed to meet the requirements of students appearing in CA Final exams, it will be equally useful for CS, CWA, M.Com, MBA and other professional studies who want to acquire expert knowledge of the subject. ............................................................................................................................ Contents Introduction to Accounting Standards Chapter 1. AS1 – Disclosure of Accounting Policies Chapter 2. AS 2 - (Revised) Valuation of Inventories Chapter 3. AS 3 - (Revised) Cash Flow Statement Chapter 4. AS 4 - (Revised) Contingencies and Events Occurring after the Balance Sheet Date Chapter 5. AS 5 – (Revised) Net Profit or Loss for the Period Prior Items and Changes in Accounting Policies Chapter 6. AS 6 - (Revised) Depreciation Accounting Chapter 7. AS7 – (Revised) Construction Contracts Chapter 8. AS8 – Accounting for Research and Development Chapter 9. Revenue Recognition Chapter 10. AS10 – Accounting for Fixed Assets Chapter 11. AS 11 – (Revised 2003) – The Effect of Changes in Foreign Exchange Rates Chapter 12. AS 12 – Accounting for Government Grants Chapter 13. Accounting for Investments Chapter 14. AS 14 – Accounting for Amalgamations Chapter 15. AS 15 (Revised 2005) – Employee Benefits Chapter 16. AS 16 – Borrowing Costs Chapter 17. AS 17 – Segment Reporting Chapter 18. AS 18 – Related Party Disclosures Chapter 19. AS 19 – Leases Chapter 20. AS 20 – Earning Per Share Chapter 21. AS 21 – Consolidated Financial Statements Chapter 22. AS 22 – Accounting for Taxes on Income Chapter 23. AS 23 – Accounting for Investments in Associates in Consolidated Financial Statements Chapter 24. AS 24 – Discontinuing Operations Chapter 25. AS 25 – Interim Financial Reporting Chapter 26. AS 26 – Intangible Assets Chapter 27. AS 27 – Financial Reporting of Interests in Joint Ventures Chapter 28. AS 28 – Impairment of Assets Chapter 29. AS 29 – Provisions, Contingent Liabilities & Contingent Assets Chapter 30. AS 30, 31 & 32 - Financial Instruments Chapter 31. IFRS, US GAAP & Indian GAAP Chapter 32. Accounting Standards under Income-tax Act, 1961 Examination Problems Practical Questions Annexure I – Test of the Accounting Standards issued by the Ministry of Finance Appendix I – Multiple Choice Questions Appendix II – True/False Questions Appendix III – Fill in the Blanks ............................................................................................................................ Author Details Dr. Sanjeev Singhal did his graduation from Shri Ram College of Commerce & post graduation from Delhi School of Economics. A gold medallist at the graduation level in the Delhi University, he was also awarded Prof. A.B. Ghosh prize at the post graduation level for being the topper in Economics Group papers. A fellow of tCAl, he did his articleship from A.F. Ferguson & Co., New Delhi. He has conducted MDPs for Corporate Executives, addressed hundreds of national & international seminars on Accounting Standards, IPSAS and IFRS organized for ONGC, HPCL, Indian Oil, GAIL, NHPC, C&AG, NIRC of ICAI, ICSI & ICWAI & ICAN, etc. He has published 12 books and over 40 articles on accounting standards, corporate laws and taxation. He has recently done his PhD from FMS (Delhi) in International Finance. He has recently published a book "Practical Guide to IFRS" covering 25 industry segments from over 15 countries. Quick Reference Guide to IFRS" containing a crisp summary of IFRS and "Quick Reference Guide to First Time Adoption of IFRS: The Indian context" containing guidance on first time adoption of IFRS in India. He is the technical co-ordinator for ICAI for certificate course on IFRS at Delhi. He is co-opted member of Accounting Standards Board of ICAi. Pensently, he is working as Vice-President-Finance & Head-Accounting Centre of Excellence at Jubilant Life Sciences. ............................................................................................................................
