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Summary of all ACCOUNTING STANDARDS
Accounting Standards are the defined accounting policies issued by Government or expert institute. These
standards are issued to bring harmonization in follow up of accounting policies.
Presently, Institute of Chartered Accountants of India has issued 29 Accounting Standards as listed below.
AS 01. Disclosure of Accounting Policies
AS 02. Valuation of Inventories
AS 03. Cash Flow Statements
AS 04. Contingencies and Events Occurring After the Balance Sheet Date
AS 05. Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
AS 06. Depreciation Accounting
AS 07. Construction Contracts
AS 08. Accounting for Research and Development (Not Applicable now)
AS 09. Revenue Recognition
AS 10. Accounting for Fixed Assets
AS 11. Accounting for 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. Accounting for Retirement Benefits in the financial Statements of Employers
AS 16. Borrowing Costs
AS 17. Segment Reporting
AS 18. Related Party Disclosure
AS 19. Leases
AS 20. Earning Per Share
AS 21. Consolidated Financial Statements
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