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1. Accounting
Standards

2. Hello!
I am D.Supriya,20761E0014
I am here because to give presentation on Accounting
Standards
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3. Outline:
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⊸ Meaning,Features
⊸ Objectives
⊸ Advantages
⊸ List of Accounting Standards
⊸ Conclusion

4. Meaning:
An accounting standard is a
common set of principles,
standards and procedures
that define the basis of
financial accounting policies
and practices.
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5. Written document
Authoritative
Guidelines
Flexible
Issuing Authorities
Features of Accounting Standards:
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The Institute of Chartered Accountants of India

6. Objectives:
Their major goal is to make certain
transparency, reliability, consistency,
and comparability of the monetary
statements.
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7. Uses:
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8. S. No.
1
2
3
4
5
6
7
8
9
10
Number of the AS
AS-1
AS-2
AS-3
AS-4
AS-5
AS-6
AS-7
AS-8
AS-9
AS-10
Title of the Accounting Standards
Disclosure of Accounting Policies
Variation of inventories
Cash flow statement
Contingencies and events occurring
after the balance sheet date
Net Profit or Loss for the Period,
Prior Period Items and Changes in
Accounting Policies
Depreciation Accounting
Construction Contracts
Accounting for Research and
Development
Revenue Recognition
Accounting for Fixed Assets
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List of Accounting Standards

9. S. No.
11
12
13
14
15
16
17
18
19
20
21
22
23
Number of the AS
AS-11
AS-12
AS-13
AS-14
AS-15
AS-16
AS-17
AS-18
AS-19
AS-20
AS-21
AS-22
AS-23
Title of the Accounting Standards
The effects of changes in foreign exchange rate
Accounting for government grants
Accounting for investments
Accounting for Amalgamations
Employee benefits
Borrowing costs
Segment reporting
Related party disclosures
Accounting for leases
Earnings per share
Consolidated balance sheet
Accounting for taxes on income
Accounting for investments in associates in
Consolidated financial statements
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List of Accounting Standards

10. S. No.
24
25
26
27
28
29
Number of the AS
AS-24
AS-25
AS-26
AS-27
AS-28
AS-29
Title of the Accounting Standards
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List of Accounting Standards
Discounting operations
Interm in financial report
Intangible assets
Financial reporting of interest in joint ventures
Impairment of assets
Provisions,contingent assets,contingent Liabilities

11. As-20:
Earings per share
Earning capacity of a
firm
Market price per share
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12. As-6:
Depriciation
Accounting
Non cash expenditure
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13. Place your screenshot here
As-13:
Accounting for investment
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14. AS-19:
2 types of lease
1.Operating lease
2.Financial lease
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15. Disadvantages:
 New accounting standards
required
 New standards maybe
Inconsistent with old
standards
 Difficult to agree everyone to
new Accounting Standards
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16. Conclusion:
The financial reporting
standards that must be
considered when preparing a
company's accounts.
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17. Thanks!
Any questions?
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