Accounting Standards for a Technician

Description

This Comprehensive Accounting Standards Coursework is for Banking & Finance Professionals including CA Dropouts, Accounting Technicians, MBAs and Engineers.

During 1977, ASB or the Accounting Standards Board was constituted by ICAI (The Institute of Chartered Accountants of India) to formulate Accounting Standards so that Council of ICAI may give directives based on such standards.

In this coursework, the theory and examples of Accounting Standards are explained, so that it may remain useful for students appearing in different Diploma and Junior Associate examinations conducted in India.

This course also gives out an overview of the different Accounting Standards and introduces the Learner through fundamental concepts required for understanding of the different Accounting Standards.

The different Accounting Standards discussed are,

AS1 – Disclosure of Accounting Policies

AS2 – Valuation of Inventories

AS3 – Cash Flow Statements

AS4 – Contingencies and Events Occurring after Balance Sheet Date

AS5 – Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies.

AS6 – Depreciation Accounting

AS7 – Construction Contracts

AS9 – Revenue Recognition

AS10 – Accounting for Fixed Assets (PPE)

AS11 – The Effects of Changes in Foreign Exchange Rates

AS12 – Accounting for Government Grants

AS16 – Borrowing Costs

AS18 – Related Party Disclosures

AS19 – Leases

AS20 – Earnings Per Share

Examples are also given along with explanations on the Accounting Standards which are explained from the perspective of fundamental concepts.

This may prove helpful to the Learners and Students of the Accounting Standards as well as incorporate best practices while doing Accounting in the Financial Concerns mostly in Banks and in, Back Office Operations of the Banks.

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