AS1: Disclosure of

Accounting Policies

ASI
AS2: Valuation of Inventories
2

AS3: Cash Flow Statements

AS4: Contingencies and Events

Occuring after the Balance Sheet

AS5: Net Profit or Loss for the period, prior

period items and charges in
Accounting Policies

AS6: Depreciation Accounting

AS7: Construction Contracts ASI

29

AS8: Withdrawn & included in

[ AS – 26 ]

AS9: Revenue Recognition ASI

14

AS10: Accounting for Fixed ASI

Assets 2

AS11: The effects of change in

Foreign Exchange Rates.

AS12: Accounting for Government

Grants
 AS13: Accounting for Investments

AS14: Accounting for

Amalgamations

AS15: Employees benefit

ASI ASI
1 AS16: Borrowing Costs 10

ASI AS17: Segment Reporting ASI

20 22

ASI AS18: Related Party Disclosures ASI

13 19

ASI ASI
21 23

AS19: Leases

AS20: Earnings Per Share ASI

12

AS21: Consolidated Financial

ASI Statements ASI
8 15

ASI ASI ASI ASI

24 25 26 28
 ASI ASI
3 4
AS22: Accounting for Taxes on
Income
ASI ASI
5 ASI ASI ASI 11
6 7 9

AS23: Accounting for Investment

ASI in Associates in ASI
8 Consolidated Financial 16
Statements
ASI ASI
7 18
AS24: Discontinuing Operations

AS25: Interim Financial Reporting ASI

27

AS26: Intangible Assets

ASI AS27: Financial Reporting of ASI

8 Interests in Joint Ventures 28

AS28: Impairment of Assets

ASI
AS29: Provisions, Contingent
30
liabilities & Contingent
Assets

AS:>> Accounting Standards

ASI:>> Accounting Standards Interpretations.
ASI DESCRIPTION AS

1 Substantial Period of Time 16

2 Accounting for Machinery Spares 2 & 10
Accounting for Taxes on Income in the situations of
3 Tax Holiday under Section 80IA & 80IB of the Income 22
Tax Act, 1961.
4 Losses under the head Capital Gains 22
Accounting for Taxes on Income in the situations of
5 Tax Holiday under Sections 10A & 10B of the Income 22
Tax Act, 1961.
6 Accounting for Taxes on Income in the context of 22
section 115JB of the Income Tax Act, 1961.
7 Disclosure of deferred tax assets and deferred tax 22
liabilities in the balance sheet of a Company
8 Interpretation of the term ‘Near Future’ 21, 23 & 27
9 Virtual certainty supported by convincing evidence 22
10 Interpretation of paragraph 4e of AS-16. 16
11 Accounting for Taxes on Income in case of an 22
Amalgamation
12 Applicability of AS-20 20
13 Interpretation of paragraphs 26 & 27 of AS-18 18
14 Disclosure of Revenue from Sales Transactions 9
15 Notes to the Consolidated Financial Statements 21
16 Treatment of proposed Dividend under AS-23 23
Adjustments to the carrying Amount of Investment
17 arising from changes in Equity not included in the 23
statement of Profit & Loss of the Associates
Consideration of Potential Equity Shares for
18 Determining whether an Investee is an Associate under 23
AS-23
19 Interpretation of the term ‘intermediaries’. 18
20 Disclosure of Segment Information 17
21 Non Executive Directors on the Board- whether related 18
parties
22 Treatment of Interest for determining Segment 17
Expenses
23 Remuneration paid to key management personnel 18
whether a related party transaction
24 Definition of control 21
25 Exclusion of a Subsidiary from Consolidation 21
26 Accounting for taxes on income in the consolidated 21
financial statements
27 Applicability of AS-25 to Interim Financial Results 25
 Disclosure of parent’s / venturer’s Shares in post
28 acquisition reserves of a subsidiary / jointly controlled 21 & 27
entity.
29 Turnover in case of contractors 7
30 Applicability of AS-29 to onerous contracts 29

(Above are the titles of the AS in flowchart format along with relevant ASI applicable to
it respectively)

Compiled by,
Sashi Daga,
Editorial Board,

Gopal Malpani,
Malpani’s
1030, Navjivan Commercial Premises,
Lamington Road, Mumbai: 400008.
Tel: (022) 23008623/24/25, 23093792, 23098352.
E mail: malpaniconsultant@mtnl.net.in
malpaniconsultant@vsnl.net
www.malpani.net

(Contd….below same AS titles in tabular form also)

 AS DESCRIPTION ASI

1 Disclosure of Accounting Policies

2 Valuation of Inventories 2
3 Cash Flow Statements
4 Contingencies and Events occurring after the Balance Sheet Date
5 Net Profit or Loss for the period, prior period items and changes
in Accounting Policies
6 Depreciation Accounting
7 Construction Contracts 29
8 Withdrawn & included in [AS-26]
9 Revenue Recognition 14
10 Accounting for Fixed Assets 2
11 The effects of change in Foreign Exchange Rates
12 Accounting for Government Grants
13 Accounting for Investments
14 Accounting for Amalgamations
15 Employees benefit
16 Borrowing Costs 1, 10
17 Segment Reporting 20, 22
18 Related Party Disclosures 13, 19, 21,
23
19 Leases
20 Earnings per Share 12
21 Consolidated Financial Statements 8,15,24,25,
26,28
22 Accounting for Taxes on Income 3,4,5,6,7,9,
11
23 Accounting for Investment in Associates in Consolidated 8,16,17,18
Financial Statements
24 Discounting Operations
25 Interim Financial Reporting 27
26 Intangible Assets
27 Financial Reporting of Interests in Joint Ventures 8,28
28 Impairment of Assets
29 Provisions, Contingent Liabilities & Contingent Assets 30

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