Students' Guide to Accounting Standards (including Introduction of Ind AS) is a comprehensive, exam-intelligence–driven self-learning manual for CA Intermediate – Group I | Paper 1 (Accounting). The book is designed to translate the technical language of Accounting Standards into a structured, exam-ready understanding, enabling students to master not only what the standards say, but how they are examined and applied in practice. This Edition is fully aligned with the CA Intermediate syllabus on Accounting Standards, applicable for the May & September 2026 and January 2027 examinations. It presents the entire spectrum of Accounting Standards (AS-1 to AS-29), along with a dedicated foundational introduction to Ind AS, within a single, coherent learning framework.
The Present Publication is the 15th Edition, authored by Dr D.S. Rawat & CA. Nozer Shroff, with the following noteworthy features:
[Complete ICAI Syllabus Coverage] Covers all Accounting Standards prescribed for CA Intermediate (AS-1 to AS-29) in a single volume
[Self-learning Architecture] Each chapter is written to enable independent study, progressing from concepts → explanation → application
[Conceptual & Numerical Balance] Blends theory with extensive numerical illustrations reflecting ICAI exam expectations
[Exam-oriented Presentation] Emphasis on treatment, disclosure, adjustments, and presentation—areas where marks are actually tested
[Dedicated Introduction to Ind AS] Explains the philosophy, framework, and objectives of Ind AS, helping students understand convergence with IFRS
[Authoritative Pedagogy] Authored by experienced ICAI faculty deeply involved in Accounting Standards, IFRS, and student training
[Updated & Current] Reflects all applicable Accounting Standards and interpretational guidance relevant to the exam cycle
The book contains 29 structured chapters, beginning with conceptual grounding and progressing to advanced application:
Foundational Chapters
Introduction to Accounting Standards (ASs) and Ind ASs
Objective of standard-setting
Role of ICAI and Accounting Standards Board
Mandatory compliance framework
Conceptual transition towards Ind AS
Framework for the Preparation and Presentation of Financial Statements
Accounting Standards – Detailed Coverage (AS-1 to AS-29)– Each Accounting Standard is covered as an independent chapter, including:
AS-1 – Disclosure of Accounting Policies
AS-2 – Valuation of Inventories
AS-3 – Cash Flow Statements
AS-4 – Contingencies & Events after the Balance Sheet Date
AS-5 – Net Profit/Loss, Prior Period Items & Changes in Accounting Policies
AS-7 – Construction Contracts
AS-9 – Revenue Recognition
AS-10 – Property, Plant & Equipment
AS-11 – Effects of Changes in Foreign Exchange Rates
AS-12 – Government Grants
AS-13 – Investments
AS-14 – Amalgamations
AS-15 – Employee Benefits
AS-16 – Borrowing Costs
AS-17 – Segment Reporting
AS-18 – Related Party Disclosures
AS-19 – Leases
AS-20 – Earnings Per Share
AS-21 to AS-23 – Consolidation & Investments in Associates
