Description
Taxmann Students' Guide to Ind ASs (Converged IFRS) Study Material by D.S. Rawat, Jinender Jain
Students' Guide to Ind ASs [Converged IFRSs] offers a thorough exploration of the Indian Accounting Standards (Ind AS), which are converged with International Financial Reporting Standards (IFRS). The book imparts a robust understanding of each Ind AS, emphasising practical application, conceptual clarity, and exam-focused material. This Edition is meticulously updated to align with the latest syllabus mandates and professional guidelines, serving as a comprehensive resource for advanced learners in financial reporting.
This book is intended for the following audience:
CA Final Students – Ideal for those preparing for the Financial Reporting paper, specifically targeting the Sept. 2025 and Jan. 2026 exam sessions
CMA Final Students – Curated to meet the requirements of the CMA Final curriculum, ensuring each relevant Ind AS topic is covered in depth
Accounting Professionals & Practitioners – A valuable reference for professionals involved in financial reporting or those transitioning to Ind AS-based financial statements
Academics & Researchers – Instructors, researchers, and anyone wishing to gain detailed insights into India's IFRS-converged standards can benefit from this well-structured material
The Present Publication is the 12th Edition, amended upto 30th April 2025 for Sept. 2025/Jan. 2026 Exams. This book is authored by Dr D.S. Rawat & CA. Jinender Jain has the following noteworthy features:
[Comprehensive Syllabus Coverage] Addresses all Ind AS prescribed for CA Final and CMA Final. It also includes recent amendments, updates, and clarifications to ensure accuracy and relevance
[Exam-oriented Approach] Maps concepts to typical exam patterns and provides illustrative examples, practice questions, and guided solutions aligned with ICAI and ICMAI expectations
[Clear Explanations & Practical Insights] Breaks down complex standards into accessible language. It incorporates industry-relevant examples and case studies demonstrating the application of each standard
[Logical Sequence & Chapter-wise Segmentation] Offers a systematic flow from foundational topics to advanced standards. It also incorporates summaries and highlights at the end of each chapter to reinforce key points for quick revision
[Insights from Expert Authors] Guidance from seasoned accountants and IFRS experts with a blend of academic rigour and industry practice and includes practical insights
The book's content spans 42 chapters, laid out progressively:
Introductory Framework
Chapter 1 – Introduction to Ind AS
Chapter 2 – Conceptual Framework for Financial Reporting under Ind AS
Core Standards
Presentation of Financial Statements (Ind AS-1)
Inventories (Ind AS-2)
Statement of Cash Flows (Ind AS-7)
Accounting Policies, Changes in Estimates & Errors (Ind AS-8)
Events after the Reporting Period (Ind AS-10)
Income Taxes (Ind AS-12)
Others, covering each individual standard up to Ind AS-116
Special Topics
Financial Instruments (Ind AS-32, Ind AS-107 & Ind AS-109)
Consolidated Financial Statements (Ind AS-110), Joint Arrangements (Ind AS-111), Disclosure of Interests in Other Entities (Ind AS-112)
Revenue from Contracts with Customers (Ind AS-115)
Leases (Ind AS-116)
Deleted/Non-Applicable Standards
Chapters on Ind AS-29, Ind AS-104, Ind AS-106, Ind AS-114, etc., are marked as deleted or not in the current CA Final syllabus, ensuring readers focus on relevant content
Supplementary Chapters
Analysis of Financial Statements
Accounting and Technology
Professional and Ethical Duty of a Chartered Accountant
From conceptual underpinnings to practical examples, each chapter provides a structured discussion, definitions, recognition principles, measurement rules, presentation norms, and disclosure requirements for the respective standard
The structure of the book is as follows:
Chapter Layout – Each chapter commences with objectives and an overview of the Ind AS topic, followed by detailed explanations, step-wise illustrations, etc.
Practical Illustrations & Case Scenarios – Realistic examples ensure clarity. Readers can see how Ind AS principles translate into day-to-day accounting tasks or complex financial transaction
Summaries & Revision Points – Key takeaways at the end of every chapter help consolidate learning and facilitate quick revision before exams
Question Bank & Solved Answers – A curated set of practice problems per chapter – including past exam questions and newly framed scenarios – is provided, with solutions or guiding notes enabling self-assessment and exam readiness
Logical Progression – The text transitions from basic definitions and frameworks to more advanced standards such as financial instruments and consolidation. This ensures that foundational knowledge supports understanding of complex areas