COMPREHENSIVE GUIDE TO

INDIAN ACCOUNTING STANDARDS (Ind AS)

A Complete Deep Dive for Beginners and Professionals

From Zero Knowledge to Expert Understanding

What You Will Learn:

What are Accounting Standards, IFRS and Ind AS explained from absolute basics

Every major Ind AS standard with detailed explanations and real Indian company examples

Special Deep Dives: Business Combinations, Consolidation & Deferred Taxes

Real-World Examples: Reliance, Infosys, TCS, Maruti Suzuki, Tata Motors, HDFC Bank, SBI, IndiGo & More

TABLE OF CONTENTS

PART 1: FOUNDATIONS The World of Accounting Standards

1.1 What Are Accounting Standards? (The Complete Beginner’s Guide)

1.2 The Three Frameworks: AS vs IFRS vs Ind AS

1.3 Who Must Follow Ind AS? (Applicability Roadmap)

1.4 Key Concepts Every Beginner Must Know

PART 2: THE CORE Ind AS STANDARDS (Detailed Industry Guide)

2.1 Ind AS 1 Presentation of Financial Statements

2.2 Ind AS 8 Accounting Policies, Changes & Errors

2.3 Ind AS 10 Events After the Reporting Period

2.4 Ind AS 16 Property, Plant and Equipment (PPE)

2.5 Ind AS 2 Inventories

2.6 Ind AS 36 Impairment of Assets

2.7 Ind AS 38 Intangible Assets

2.8 Ind AS 115 Revenue from Contracts with Customers

2.9 Ind AS 109 Financial Instruments

2.10 Ind AS 116 Leases

2.11 Ind AS 37 Provisions, Contingent Liabilities & Assets

2.12 Ind AS 19 Employee Benefits

2.13 Ind AS 21 Foreign Exchange Effects

2.14 Ind AS 113 Fair Value Measurement

2.15 Ind AS 33 Earnings Per Share

2.16 Ind AS 23 Borrowing Costs

2.17 Ind AS 40 Investment Property

PART 3: DEEP DIVE Deferred Taxes (Ind AS 12)

3.1 Why Does Deferred Tax Exist? (Explained from Scratch)

3.2 Temporary Differences the Foundation

3.3 Deferred Tax Asset (DTA) vs Deferred Tax Liability (DTL)

3.4 Step-by-Step Calculation with Numerical Example

3.5 Recognition Rules and Management Judgement

3.6 Deferred Tax on OCI Items

3.7 MAT Credit and Ind AS 12

3.8 Presentation and Disclosure

PART 4: DEEP DIVE Business Combinations (Ind AS 103)

4.1 What is a Business Combination?

4.2 The Acquisition Method (4 Detailed Steps)

4.3 Purchase Price Allocation (PPA) Complete Walkthrough

4.4 Goodwill: Calculation, Treatment & Impairment

4.5 Bargain Purchase (Negative Goodwill)

4.6 Contingent Consideration & Earn-Outs

4.7 Complete Numerical Example

PART 5: DEEP DIVE Consolidation of Accounts

5.1 Why Consolidation? (The Group Concept)

5.2 The Key Standards for Consolidation

5.3 What is Control Under Ind AS 110?

5.4 Step-by-Step Consolidation Procedure

5.5 Elimination of Inter-Company Transactions

5.6 Non-Controlling Interest (NCI)

5.7 Equity Method for Associates (Ind AS 28)

5.8 Foreign Subsidiary Translation (Ind AS 21)

5.9 Complete Consolidation Numerical Example

PART 6: Complete Ind AS Master Reference Table (All 41 Standards)

PART 7: India-Specific Carve-Outs and Carve-Ins

PART 8: Glossary of All Technical Terms