Tax & Business Insights for India
Expert guides on GST, Income Tax, Company Registration & compliance — written by licensed CAs.
AS 15 Employee Benefits: Defined Contribution, Defined Benefit and Disclosure
AS 15 (Accounting Standard 15) prescribes accounting and disclosure for employee benefits. This guide covers short-term benefits, post-employment benefits (defined contribution and defined benefit plans), other long-term benefits, termination benefits, actuarial assumptions, and disclosure requirements.
Read Article →AS 16 Borrowing Costs: Capitalisation, Qualifying Assets and Disclosure
AS 16 (Accounting Standard 16) prescribes the accounting treatment for borrowing costs. This guide explains which borrowing costs to capitalise, what constitutes a qualifying asset, when capitalisation begins/suspends/ceases, and disclosure requirements with practical examples.
AS 17 Segment Reporting: Business Segments, Geographical Segments and Disclosure
AS 17 (Accounting Standard 17) establishes principles for reporting financial information by segments. This guide covers business segments, geographical segments, primary and secondary reporting formats, reportable segment thresholds, and disclosure requirements.
AS 18 Related Party Disclosures: Identification, Transactions and Disclosure Requirements
AS 18 (Accounting Standard 18) requires disclosure of related party relationships and transactions. This guide covers identification of related parties, types of related party transactions, key management personnel, control and significant influence, and disclosure requirements.
AS 19 Leases: Finance Lease vs Operating Lease, Accounting and Disclosure
AS 19 (Accounting Standard 19) prescribes accounting policies and disclosure for finance and operating leases. This guide covers classification criteria, accounting by lessees and lessors, sale and leaseback transactions, and disclosure requirements with practical examples.
AS 21 Consolidated Financial Statements: Procedures, Minority Interest and Goodwill
AS 21 (Accounting Standard 21) prescribes the preparation and presentation of consolidated financial statements for a group of enterprises. This guide covers consolidation procedures, line-by-line aggregation, elimination of intra-group transactions, minority interest, goodwill on consolidation, and disclosure requirements.
AS 23 Accounting for Investments in Associates in Consolidated Financial Statements
AS 23 (Accounting Standard 23) prescribes the equity method of accounting for investments in associates in consolidated financial statements. This guide covers the definition of associates, significant influence, the equity method, goodwill, and disclosure requirements.
AS 24 Discontinuing Operations: Recognition, Disclosure and Presentation
AS 24 (Accounting Standard 24) establishes principles for reporting information about discontinuing operations. This guide covers the definition, initial disclosure event, recognition and measurement, required disclosures, and presentation with practical examples.
AS 25 Interim Financial Reporting: Components, Recognition and Disclosure
AS 25 (Accounting Standard 25) establishes principles for recognition, measurement and disclosure in interim financial reports. This guide covers minimum components of interim reports, form and content requirements, recognition principles, use of estimates, and disclosure requirements.