Built for accountants, finance managers, controllers and financial-reporting teams.
Accounting Standards

Official AS references and practical application pages—kept separate, connected and easy to use.

Use the official compendium for the governing requirements and Newton’s 29 dedicated pages for transaction examples, journal patterns, close controls and review questions.

The correct sequence

Do not start with a journal entry.

01

Confirm applicability

Determine company/non-company status, entity classification, exemptions and the applicable notified framework.

02

Read the official standard

Review objective, scope, definitions, recognition, measurement, presentation and disclosure.

03

Use the practical explainer

Translate the requirement into entries, schedules, reconciliations, controls and financial-statement presentation.

Official source shelf

Current ICAI and notified-framework references.

ICAI official

Accounting Standards Compendium

Current source page for Accounting Standards as on April 1, 2025, including HTML and official standard files.

Open compendium ↗
Official standard text

AS as on April 1, 2025

Direct official index of individual standards, from AS 1 through AS 29.

Open standard index ↗
Government notification

Companies (Accounting Standards) Rules

Use the notified rules and amendments when preparing company financial statements under AS.

Open notified-rules page ↗

AS Quick Referencer

Concise cross-reference for scope, recognition, measurement and disclosure. Verify conclusions against the full text.

Open official quick referencer ↗

AS Disclosure Checklist

Structured checklist for financial-statement note preparation and review.

Open official checklist ↗

Framework for Financial Statements

Foundational concepts for elements, recognition, measurement and presentation.

Open framework source ↗
Newton application library

All 29 numbered standards are individually explained.

AS 6 and AS 8 remain visible for numbering continuity and are clearly marked as withdrawn.

AS 1

Disclosure of Accounting Policies

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 2

Valuation of Inventories

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 3

Cash Flow Statements

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 4

Contingencies and Events After the Balance Sheet Date

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 5

Net Profit or Loss, Prior Period Items and Changes in Accounting Policies

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 6

Depreciation Accounting (withdrawn)

Withdrawn; see AS 10 / AS 26. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 7

Construction Contracts

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 8

Accounting for Research and Development (withdrawn)

Withdrawn; see AS 10 / AS 26. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 9

Revenue Recognition

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 10

Property, Plant and Equipment

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 11

Effects of Changes in Foreign Exchange Rates

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 12

Accounting for Government Grants

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 13

Accounting for Investments

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 14

Accounting for Amalgamations

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 15

Employee Benefits

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 16

Borrowing Costs

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 17

Segment Reporting

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 18

Related Party Disclosures

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 19

Leases

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 20

Earnings Per Share

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 21

Consolidated Financial Statements

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 22

Accounting for Taxes on Income

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 23

Investments in Associates in Consolidated Financial Statements

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 24

Discontinuing Operations

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 25

Interim Financial Reporting

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 26

Intangible Assets

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 27

Financial Reporting of Interests in Joint Ventures

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 28

Impairment of Assets

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
AS 29

Provisions, Contingent Liabilities and Contingent Assets

Current numbered explainer. Includes practical application, journal pattern, controls and reviewer questions.

Open Newton explainer
Professional use

Official text → transaction analysis → journal → reconciliation → disclosure → review

The Newton pages do not reproduce the standards. They help accounts professionals connect requirements to the accounting records, supporting evidence and financial statements.