ACCOUNTING

STANDARD
 Accounting Standard is a selected set of
accounting policies or broad guidelines
regarding the principles and methods to be
chosen out of several alternatives.
 Accounting Standards are the policy
document issued by the recognized expert
accountancy body relating to various
aspects of measurement, treatment and
disclosure of accounting transactions and
events.
 OBJECTIVES
 Standardise the diverse Accounting Policies
 Add the reliability to the Financial
Statement
 Eradicate baffling variation in treatment of
accounting aspects
 Facilitate inter-firm and intra-firm
comparison
 TYPES OF
ACCOUNTING STANDARD
 AS 1 - Disclosure of Accounting Policies
 AS 2 - Accounting for Inventories
 AS 3 - Cash Flow Statements
 AS 4 - Contingencies and events occurring
after Balance Sheet date
 AS 5 - Net profit or loss for the period, prior
period items and change in
Accounting policies
 TYPES OF
ACCOUNTING STANDARD
 AS 6 - Accounting for Depreciation
 AS 7 - Construction Contract
 AS 8 - Accounting for Research &
Development
 AS 9 - Revenue Recognition
 AS 10 - Accounting for Fixed Assets
 AS 11 - Effect of change in Foreign
Exchange Rates
 TYPES OF
ACCOUNTING STANDARD
 AS 12 - Accounting for Government Grants
 AS 13 - Accounting for Investments
 AS 14 - Accounting for Amalgamation
 AS 15 - Employees Benefits
 AS 16 - Borrowing Costs
 AS 17 - Segment Reporting
 AS 18 - Related party disclosure
 TYPES OF
ACCOUNTING STANDARD
 AS 19 - Accounting for Leases
 AS 20 - Earning per share
 AS 21 - Consolidated Balance Sheet
 AS 22 - Accounting for taxes and income
 AS 23 - Accounting for investments in
Associates in CFS
 AS 24 - Discontinuing operations
 TYPES OF
ACCOUNTING STANDARD

 AS 25 - Interim Financial Reporting

 AS 26 - Intangible Assets
 AS 27 - Financial Reporting of interest in
Joint Venture
 AS 28 - Impairment of Assets
ACCOUNTING STANDARD

DEPRECIATION ACCOUNTING
THANK YOU

KUNAL KUNDU (A05)

SUBHANKAR DEY (A13)
SUBHAMAY BISWAS (A14)