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📚 Learn › Paper 1 — Advanced Accounting › Chapter

Indian Accounting Standards (AS 1–29)

Master every Indian Accounting Standard prescribed by ICAI for CA Inter — from disclosure of accounting policies (AS 1) to discontinuing operations (AS 24). These standards form the backbone of financial statement preparation and are tested for 25–40 marks per attempt. Includes recognition, measurement, presentation and disclosure for each standard.

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22 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare Act text for reference.
⚡ Start lesson 1 →

All lessons

1
AS 1 — Disclosure of Accounting Policies
AS 1 Disclosure of Accounting Policies explained for CA Inter: going concern, consistency, accrual assumptions, policy changes, and exam-rea
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2
AS 2 — Valuation of Inventories
AS 2 Valuation of Inventories explained for CA Inter: cost components, FIFO vs weighted average, NRV rule, and common exam mistakes — May 20
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3
AS 3 — Cash Flow Statements
AS 3 Cash Flow Statement explained for CA Inter May 2026: indirect method, operating/investing/financing classification, and common exam tra
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4
AS 7 — Construction Contracts
AS 7 Construction Contracts explained for CA Inter: percentage of completion method, foreseeable loss recognition, and worked examples for M
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5
AS 9 — Revenue Recognition
AS 9 Revenue Recognition explained for CA Inter May 2026: when to book sales, service revenue methods, and key exam traps in plain English.
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6
AS 10 — Property, Plant & Equipment
AS 10 PPE explained for CA Inter May 2026: recognition, cost calculation, component depreciation, revaluation surplus & derecognition with w
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7
AS 11 — Effects of Changes in Foreign Exchange Rates
AS 11 explained for CA Inter: learn how to record foreign currency transactions, restate monetary items, treat forward contracts, and handle
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8
AS 12 — Accounting for Government Grants
AS 12 Government Grants explained for CA Inter: recognition rules, capital vs revenue grants, deferred income method, repayment treatment —
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9
AS 13 — Accounting for Investments
AS 13 Accounting for Investments explained for CA Inter: classification, valuation of current vs long-term investments, bonus shares, and ex
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10
AS 14 — Accounting for Amalgamations
AS 14 Amalgamations explained for CA Inter: merger vs purchase method, goodwill vs capital reserve, journal entries — with solved examples f
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11
AS 15 — Employee Benefits
AS 15 Employee Benefits for CA Inter: learn Defined Contribution vs Defined Benefit plans, PUC method, gratuity accounting, and P&L charge c
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12
AS 16 — Borrowing Costs
AS 16 Borrowing Costs for CA Inter May 2026: learn when to capitalise vs expense interest, specific vs general borrowing formulas, with solv
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13
AS 17 — Segment Reporting
AS 17 Segment Reporting explained for CA Inter May 2026: 10% rule, 75% rule, primary vs secondary formats with solved examples and exam tips
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14
AS 18 — Related Party Disclosures
AS 18 Related Party Disclosures explained for CA Inter: who qualifies, what to disclose, KMP rules, and key exam pitfalls in plain English.
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15
AS 19 — Leases
AS 19 Leases explained for CA Inter: finance vs operating lease classification, lessee journal entries, MLP discounting — with Indian exampl
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16
AS 21 — Consolidated Financial Statements
AS 21 Consolidated Financial Statements explained for CA Inter: goodwill on consolidation, minority interest, intra-group eliminations with
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17
AS 22 — Accounting for Taxes on Income
AS 22 Deferred Tax explained for CA Inter: DTA vs DTL, timing differences, recognition rules, journal entries with solved examples for May 2
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18
AS 23 — Investments in Associates
AS 23 equity method explained for CA Inter: how to account for 20–50% investments in associates in consolidated financial statements with wo
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19
AS 24 — Discontinuing Operations
AS 24 Discontinuing Operations explained for CA Inter May 2026: what qualifies, when to disclose, and what the Initial Disclosure Event mean
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20
AS 26 — Intangible Assets
AS 26 Intangible Assets explained for CA Inter: recognition, research vs development, amortisation rules & exam tips in plain English.
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21
AS 28 — Impairment of Assets
AS 28 Impairment of Assets explained for CA Inter: recoverable amount, CGU, impairment loss calculation, reversal rules — with worked exampl
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22
AS 29 — Provisions, Contingent Liabilities & Assets
AS 29 explained for CA Inter: when to book a provision vs disclose a contingent liability vs ignore a contingent asset — with examples and e
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