Bharat’s Practical Guide to Ind AS & IFRS is a comprehensive professional reference book designed for chartered accountants, company secretaries, finance professionals, auditors, corporate consultants, academicians, and accounting students. Updated as amended by The Companies (Indian Accounting Standards) Second Amendment Rules, 2025, the book provides detailed practical and conceptual understanding of Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS). It includes detailed illustrated commentary on Ind AS 117 Insurance Contracts along with extensive guidance on accounting treatment, financial statement presentation, recognition principles, disclosure requirements, measurement techniques, consolidation procedures, financial instruments, and compliance reporting under Ind AS framework. The book is structured to simplify complex accounting standards through practical examples, illustrations, case studies, and implementation guidance, making it highly useful for professional practice, corporate financial reporting, audit assignments, accounting advisory services, and academic learning.
Key Features:
- Updated as per Companies (Indian Accounting Standards) Second Amendment Rules, 2025
- Detailed discussion on each Ind AS notified and amended till date
- Comprehensive practical guide on Ind AS and IFRS framework
- Includes detailed illustrated commentary on Ind AS 117 Insurance Contracts
- Nearly 3000 illustrations, case studies and practical examples
- Covers amendments with practical accounting policy guidance
- Detailed guidance on Ind AS Balance Sheet and Profit & Loss under Schedule III
- Comprehensive illustrations on financial instruments accounting
- Practical discussion on accounting for cryptocurrencies
- Covers commonly observed non-compliances in Ind AS financial statements
- Includes ITFG clarifications and implementation guidance
- Detailed explanation of consolidation of subsidiaries under Section 8
- Simplified presentation for practical understanding of complex standards
- Extensive examples for financial reporting and disclosures
- Covers recognition, measurement and presentation principles
- Useful for corporate financial statement preparation and audit
- Comprehensive reference for accounting advisory and consultancy
- Practical guidance for implementation of Ind AS in companies
- Includes compliance and disclosure requirements under accounting standards
- Helpful for audit assignments and statutory reporting
- Structured professional reference for finance and accounting practice
- Useful for academic studies and professional examinations
- Detailed treatment of accounting standards interpretation and application
- Covers corporate reporting practices under Indian accounting framework
- Practical insights into financial statement presentation and compliance
- Useful reference for accounting professionals and corporate entities
This book is highly beneficial for chartered accountants, company secretaries, cost accountants, auditors, finance professionals, accounting consultants, corporate executives, academicians, commerce students, MBA students, and candidates preparing for professional accounting and finance examinations. It is also useful for corporate finance departments, statutory auditors, internal auditors, financial analysts, accounting advisory professionals, compliance officers, insurance sector professionals, and consultants involved in financial reporting, consolidation, accounting policy formulation, IFRS transition, and Ind AS implementation. The practical and illustration-based approach makes the book suitable for both beginners and experienced professionals seeking in-depth understanding of accounting standards and corporate financial reporting.
Home > TAX > Accounting Professionals > Indian Accounting Standards (Ind As) > 11th Edition, 2026
5
