IND AS – 1 Bangalore North University BCOM SEP 2024-25 5th Semester Notes

Unit 1
Accounting Standards: IntroductionVIEW
Meaning, Definition, Objectives, Process of Formulation of Accounting Standards in India, List of Indian Accounting Standards (IND AS)VIEW
International Financial Reporting Standards: Introduction and FeaturesVIEW
Benefits of Convergence with IFRSVIEW
Applicability of IND AS in IndiaVIEW
Challenges in implementation of IND ASVIEW
Unit 2
Framework for Preparation of Financial StatementsVIEW
Presentation of Financial Statement as Per IND AS 1:VIEW
Statement of Profit and Loss (SoPL)VIEW
Balance Sheet (SoFP)VIEW
Statement of Changes in Equity (SoCE)VIEW
Statement of Cash Flow and Notes to AccountsVIEW
Problems on Preparation of Statement of Profit and Loss as per Division II of Schedule III of Companies Act, 2013VIEW
Problems on Preparation of Statement Balance Sheet as per Division II of Schedule III of Companies Act, 2013VIEW
Unit 3
Indian Accounting Standards (IND AS 101)VIEW
First Time Adoption of Indian Accounting Standards (IND AS 101)VIEW
Interim Financial Reporting (IND AS 34)VIEW
Inventories (IND AS 2), ProblemsVIEW
Unit 4
Property, Plant and Equipment (IND AS 16)VIEW
Intangible assets (IND AS 38)VIEW
Impairment of assets (IND AS 36)VIEW
Borrowing Costs (IND AS 23)VIEW
Investment Property (IND AS 40)VIEW
Unit 5
Segment Reporting (IND AS 108)VIEW
Related Party Disclosure (IND AS 24)VIEW
Events after the Balance Sheet Date (IND AS10)VIEW

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