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- Accounting standards are rules and guidelines for preparing and reporting financial statements12.There are different sets of accounting standards, such as12:
- Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI). There are 32 mandatory AS in India, covering topics such as disclosure, valuation, revenue recognition, and depreciation.
- International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). There are 41 IAS and IFRS, covering topics such as presentation, measurement, consolidation, and impairment.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.List of (Mandatory) Accounting Standards in detail
- Policies related to accounting disclosure (AS 1)
- Valuation of Inventories (AS 2)
- Cash Flow Statements (AS 3)
tallysolutions.com/accounting/list-of-accounting-sta…As of now there are 41 standards: IAS 1, 2, 7, 8, 10, 11, 12, 16 to 21, 23, 24, 26, 27, 28, 29, 32, 33, 34, 36 to 41, and IFRS 1 to 13.www.accountingverse.com/financial-accounting/intr… Accounting Standards Codification - FASB
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