Download PDF Indian Accounting Standards List

  Welcome back to our blog today we are going to talk about the Indian accounting standards list so if you are searching for the b.com 1st year financial accounting notes then this post is for you.

 Indian Accounting Standards List

Objectives Accounting Standards

Before we talk about the Indian Accounting Standards list, let me tell you about the objectives of accounting standards.

• Providing Structure: The main objective of an accounting standard is to provide a structured form for financial accounting. This structure makes various accounting processes intuitive and clear.

• Prudence: The objective of accounting standards is to demonstrate prudence in the types and procedures of accounting. It guarantees compliance with rules and regulations and accurate presentation of financial information.

• Transparency: Another important objective of accounting standards is to promote transparency. This is important to ensure timely submission of financial information and accounting accuracy while following the rules.

• Aid in decision-making: Another important objective of accounting standards is to aid in decision-making. It enhances the ability to collect, present, and analyze financial data so that organized and accurate decisions can be made.

Indian accounting standards list

• Ind AS 101: Restatement of Financial Statements for the First Time – This combines the format of business combinations with related financial statements.

• Ind AS 102: Procedure for pension support – It covers the process of managing benefits of pension recipients.

• Ind AS 103: Procedures for Support of Business Combinations – Covers the management process of business combinations along with financial processes.

• Ind AS 104: Financial Responsibilities Schedule – Contains information related to the types and management of financial responsibilities.

• Ind AS 105: Fund List based on Management of Financial Funds – It contains information about lists and methods of management of financial funds.

• Ind AS 106: Management reporting and index authorization – Contains detailed information on management reporting and authorization techniques.

• Ind AS 107: Financial Signals – Contains information about the nature and management of financial signals.

• Ind AS 108: Financial indices and procedures for commercial operations – Contains information about procedures for financial indices and their management.

• Ind AS 109: Financial Responsibilities – Contains information related to the types and management of financial responsibilities.

• Ind AS 110: Funds of Management's Reporting – It contains information on methods and techniques of funds of management's reporting.

Conclusion 

Here in this post, we add the Indian accounting standards list so if you are a B.com 1st year student then you should read this post till the end.