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Accounting Standard 1: Disclosure of Accounting Policies
   
 
Accounting Standards | List of Guidance Notes
 
Accounting Standards issued by the Institute of Chartered Accountants of India:
 
Sr.no NAME Mandatory From Applicable To
AS-1 Disclosure of Accounting Policies 1.4.1991 All Assessees
AS-2 Valuation of Inventories 1.4.1999 All Assessees
AS-3 Cash Flow Statements Revised in March 1997 Listed Enterprises, or enterprises in process of listing or whose turnover exceeds 50 Crores
AS-4 Contingencies and Events Occurring after the Balance Sheet Date 1.4.1995 All Assessees
AS-5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies 1.4.1996 All Assessees
AS-6 Depreciation Accounting 1.4.1995 All Assessees
AS-7 Construction Contracts Revised in 2002 All Assessees
AS-8 Accounting for Research and Development 1.4.1991 

 

 All Assessees (Stands withdrawn in case of applicability of AS 26)
AS-9 Revenue Recognition 1.4.1991 All Assessees
AS-10 Accounting for Fixed Assets 1.4.1991 All Assessees
AS-11 The Effects of Changes in Foreign Exchange Rates (Revised) 1.4.2004 All Assessees
AS-12 Accounting for Government Grants 1.4.1994 All Assessees
AS-13 Accounting for Investments 1.4.1995 All Assessees
AS-14 Accounting for Amalgamations 1.4.1995 All Assessees
AS-15 Accounting for Retirement Benefits in the Financial Statements of Employers 1.4.1995 All Assessees
AS-16 Borrowing Costs 1.4.2000 All Assessees
AS-17 Segment Reporting 1.4.2001 Listed Enterprises, or enterprises in process of listing or whose turnover exceeds 50 Crores
AS-18 Related Party Disclosures 1.4.2001 Listed Enterprises, or enterprises in process of listing or whose turnover exceeds 50 Crores
AS-19 Leases 1.4.2001 Mandatory for all assets leased out after 1.4.2001
AS-20 Earnings Per Share 1.4.2001 Mandatory for all assesses who discloses Earning per share.
AS-21 Consolidated Financial Statements 1.4.2001 All Listed Companies
AS-22 Accounting for Taxes on Income 1.4.2001 Listed Enterprises, or enterprises in process of listing ,from 1.4.02 to all other companies & from 1.4.06 to all other enterprises.
AS-23 Accounting for Investments in Associates in Consolidated Financial Statements 1.4.2002 To all Enterprises presenting consolidated financial statements.
AS-24 Discontinuing Operations 1.4.2004 Listed Enterprises, or enterprises in process of listing or whose turnover exceeds 50 Crores,from 1.4.2005 to all other Enterprises.
AS-25 Interim Financial Reporting 1.4.2002 For all enterprises, preparing interim financial statements.
AS-26 Intangible Assets 1.4.2003 Listed Enterprises, or enterprises in process of listing or whose turnover exceeds 50 Crores, and to all other Enterprises from 1.4.2004
AS-27 Financial Reporting of Interests in Joint Ventures 1.4.2002 Enterprises preparing seperate and consolidated financial statements.
AS-28 Impairment of Assets 1.4.2004 Listed Enterprises, or enterprises in process of listing or whose turnover exceeds 50 Crores, & from 1.4.2005 to all other enterprises.
AS-29 Provisions, Contingent Liabilities and Contingent Assets 1.4.2004 Listed Enterprises, or enterprises in process of listing or whose turnover exceeds 50 Crores, & from 1.4.2005 to all other enterprises.
 
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LIST OF IMPORTANT GUIDANCE NOTES:
  • Guidance Note on Terms used in Financial Statements.
  • Guidance Note on Tax Audit under section 44AB of Income Tax Act.
  • Guidance Note on Audit of Accounts of Stock Exchanges.
  • Guidance Note on Audit of Banks.
  • Guidance Note on Audit under section 80HHB and 80HHHC of Income Tax Act.
  • Guidance Note on Audit of Cash and Bank balances.
  • Guidance Note on Accounting for Corporate Dividend Tax.
  • Guidance Note on Accounting in respect of Minimum Alternate Tax.
  • Guidance Note on Accounting for Equity Index Options and Equity Stock Options.
  • Guidance Note on Accounting for Equity Index Futures.
  • Guidance Note on Accounting by Dot-Com Companies.
  • Guidance Note on Compilation of Financial Statements.
  • Guidance Note on Audit Under Section 115JB of the Income Tax Act, 1961.
  • Guidance Note on Audit of Companies Carrying on Life Insurance Business.
  • Guidance Note on Audit of Companies Carrying on General Insurance Business (Revised).
  • Guidance Note on Certification of Corporate Governance.
  • Guidance Note on Computer Assisted Audit Techniques.
  • Guidance Note on Engagement or review Financial Statements.
  • Guidance Note on Accounting Treatment for MODVAT/ CENVAT (Revised).
  • Guidance Note on Accounting of Value Added Tax (VAT)
  • Guidance Note on Accounting for Fringe Benefits Tax (FBT)
  • Guidance Note on Accounting for Credit Available in Respect of Minimum Alternative Tax under Income Tax Under Income Tax Act, 1961.
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