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what is accouting standard? pl give the list of accouting
standard.
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Answer / santy
Accounting standards are the principles and methods of
preparing and presenting financial data of any
organizations.
Here are the list of Accounting Standard :
AS 1-
Disclosure of Accounting Principles
AS 2-
Valuation of Inventories
AS 3-
Cash Flow Statements
AS 4-
Contingencies and Events Occurring After the Balance Sheet
Date
AS 5-
Net Profit or Loss for the Period, Prior Period Items and
Changes in Accounting Policies
AS 6-
Depreciation Accounting
AS 7 -
(Revised)
Construction Contracts
AS 8-
Accounting for Research and Development
AS 9-
Revenue Recognition
AS 10-
Accounting for Fixed Assets
AS 11 -
(Revised 2003)
The Effects Of Changes In Foreign Exchange Rates
AS 12-
Accounting for Government Grants
AS 13-
Accounting for Investments
AS 14-
Accounting for Amalgamations
AS 15-
(Revised 2005)
Employee Benefits [click here for related announcement]
AS 16-
Borrowing Costs
AS 17-
Segment Reporting
AS 18-
Related Party Disclosures
AS 19-
Leases
AS 20-
Earnings Per Share
AS 21-
Consolidated Financial Statements
AS 22-
Accounting for taxes on income
AS 23-
Accounting for Investments in Associates in Consolidated
Financial Statements
AS 24-
Discontinuing Operations
AS 25-
Interim Financial Reporting
AS 26-
Intangible Assets
AS 27-
Financial Reporting of Interests in Joint Ventures
AS 28-
Impairment of Assets
AS 29-
Provisions, Contingent Liabilities and Contingent Assets
AS 30-
Financial Instruments: Recognition and Measurement
AS 31-
Financial Instruments: Presentation
AS 32-
Financial Instruments: Disclosures
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / sunny
These are standards set out by the professional accountancy
bodies for preparation and presentation of a financial
statement of any organisation within the legal framework.
1. Accounting for Fixed Assets
2. Accounting for stocks and Work in progress
3. Accounting for Revenue generated by the business
4. Accounting for Investments
| Is This Answer Correct ? | 4 Yes | 4 No |
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