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

Unit 1
Accounting Standards: Introduction VIEW
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 Features VIEW
Benefits of Convergence with IFRS VIEW
Applicability of IND AS in India VIEW
Challenges in implementation of IND AS VIEW
Unit 2
Framework for Preparation of Financial Statements VIEW
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 Accounts VIEW
Problems on Preparation of Statement of Profit and Loss as per Division II of Schedule III of Companies Act, 2013 VIEW
Problems on Preparation of Statement Balance Sheet as per Division II of Schedule III of Companies Act, 2013 VIEW
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), Problems VIEW
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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