AS 1
Lesson 01
AS 1: Disclosure of Accounting Policies
Explains how significant accounting policies and departures from fundamental assumptions are disclosed so that financial statements can be understood and compared.
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Begin with professional foundations, then open Accounts → Accounting Standards to access every AS guide, practical application, controlled animation and voiceover.
27 current AS2 withdrawn standards explainedDetailed written notesPlay • Pause • ReplayEnglish & Hindi voices
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Professional FoundationWhy Accounting Exists
Understand recognition, measurement, control, reporting and professional responsibility.
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Accounts → Accounting Standards
AS 1 to AS 29: written guide plus animated notes.
Every lesson contains the full professional explanation already developed on the website, plus a controlled visual lesson with the same text spoken in English or Hindi.
29 lessons shownOfficial ICAI source link is included in each lesson.
AS 2
Lesson 02
AS 2: Valuation of Inventories
Determines the carrying amount of raw materials, work in progress, finished goods and stock-in-trade until the related revenue is recognised.
AS 3
Lesson 03
AS 3: Cash Flow Statements
Explains how cash and cash-equivalent movements are classified and presented as operating, investing and financing activities.
AS 4
Lesson 04
AS 4: Contingencies and Events Occurring After the Balance Sheet Date
Addresses events between the balance-sheet date and approval of financial statements, and the accounting consequences of conditions existing at period end.
AS 5
Lesson 05
AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
Sets principles for presenting period results and accounting for prior-period items, changes in estimates and changes in accounting policies.
AS 6
Lesson 06
AS 6: Depreciation Accounting
AS 6 is a historical standard that was withdrawn when depreciation requirements were incorporated into revised AS 10, Property, Plant and Equipment.
AS 7
Lesson 07
AS 7: Construction Contracts
Prescribes recognition of contract revenue and contract costs for construction contracts performed over more than one accounting period.
AS 8
Lesson 08
AS 8: Accounting for Research and Development
AS 8 was withdrawn when accounting for research and development expenditure became part of AS 26, Intangible Assets.
AS 9
Lesson 09
AS 9: Revenue Recognition
Explains when revenue from sale of goods, rendering of services and use of enterprise resources can be recognised under the applicable AS framework.
AS 10
Lesson 10
AS 10: Property, Plant and Equipment
Covers recognition, initial measurement, subsequent expenditure, depreciation, component accounting and derecognition of property, plant and equipment.
AS 11
Lesson 11
AS 11: The Effects of Changes in Foreign Exchange Rates
Prescribes accounting for foreign-currency transactions and translation of foreign operations under the AS framework.
AS 12
Lesson 12
AS 12: Accounting for Government Grants
Explains recognition and presentation of government grants and assistance related to assets, income or specific conditions.
AS 13
Lesson 13
AS 13: Accounting for Investments
Covers classification, measurement, carrying amount and disposal of current and long-term investments under the AS framework.
AS 14
Lesson 14
AS 14: Accounting for Amalgamations
Prescribes accounting for amalgamations, including classification as an amalgamation in the nature of merger or purchase and the resulting treatment of assets, liabilities, reserves and goodwill or capital reserve.
AS 15
Lesson 15
AS 15: Employee Benefits
Covers short-term employee benefits, post-employment benefits, other long-term benefits and termination benefits.
AS 16
Lesson 16
AS 16: Borrowing Costs
Explains when borrowing costs are capitalised as part of a qualifying asset and when they are recognised as expense.
AS 17
Lesson 17
AS 17: Segment Reporting
Requires reporting of material business and geographical segments so users can understand different risks and returns within an enterprise.
AS 18
Lesson 18
AS 18: Related Party Disclosures
Requires identification and disclosure of related-party relationships and transactions that may affect financial position or performance.
AS 19
Lesson 19
AS 19: Leases
Prescribes classification and accounting of leases by lessees and lessors under the AS framework based on transfer of risks and rewards.
AS 20
Lesson 20
AS 20: Earnings Per Share
Sets calculation and presentation principles for basic and diluted earnings per share.
AS 21
Lesson 21
AS 21: Consolidated Financial Statements
Explains preparation of consolidated financial statements for a parent and its subsidiaries as if the group were a single economic enterprise.
AS 22
Lesson 22
AS 22: Accounting for Taxes on Income
Prescribes accounting for current tax and deferred tax arising from timing differences between taxable income and accounting income.
AS 23
Lesson 23
AS 23: Accounting for Investments in Associates in Consolidated Financial Statements
Prescribes use of the equity method for investments in associates in consolidated financial statements.
AS 24
Lesson 24
AS 24: Discontinuing Operations
Requires disclosures when an enterprise is disposing of or terminating a major distinguishable component under a single coordinated plan.
AS 25
Lesson 25
AS 25: Interim Financial Reporting
Prescribes minimum content and recognition and measurement principles for interim financial reports.
AS 26
Lesson 26
AS 26: Intangible Assets
Covers recognition, measurement, amortisation and impairment of identifiable non-monetary assets without physical substance.
AS 27
Lesson 27
AS 27: Financial Reporting of Interests in Joint Ventures
Prescribes accounting for jointly controlled operations, jointly controlled assets and jointly controlled entities.
AS 28
Lesson 28
AS 28: Impairment of Assets
Ensures assets are not carried above the amount recoverable through use or sale.
AS 29
Lesson 29
AS 29: Provisions, Contingent Liabilities and Contingent Assets
Sets recognition, measurement and disclosure principles for provisions, contingent liabilities and contingent assets.
No matching Accounting Standard found.