This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the revised syllabus per ICAI under the New Scheme of Education and Training. It applies to Group 1/Paper 1 – Accounting & Group 2/Paper 5 – Advanced Accounting.

This book will be helpful for students of CA-Inter/IPCC, CMA-Intermediate, and other specialised courses.

The Present Publication is the 18^th Edition for CA-Inter | Nov. 2023 exam. This book is authored by CA Ravi Kanth Miriyala & CA Sunitanjani Miriyala, with the following noteworthy features:

• [Self-preparatory Book] The book has been written in a classroom-style-teaching methodology so that the average student can understand & master the subject without assistance
• [Most Amended & Updated] This book is updated with the recent revisions made by the Ministry of Corporate Affairs
• [Simple & Lucid Language] along with a step-by-step approach for a better understanding
• [Conceptual Understanding with 500+ Detailed Examples] for the Standards
• [Diagrammatic Presentation] is given wherever required
• [Past Exam Question] including the May 2023 Exam & RTPs & MTPs of ICAI
• [Weightage of Accounting Standards] in previous CA Intermediate Exams
• [Student-Oriented Book] The authors have developed this book keeping in mind the following factors:
  • Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
  • Shaped by the authors’ 10+ years’ experience of teaching the subject matter at different levels
  • Reactions and responses of students have also been incorporated at different places in the book

The detailed contents of this book are as follows:

• Chapter A – Introduction
• Chapter B – Preface to Accounting Standards (Very Important)
• Chapter C – Framework for Preparation and Presentation of Financial Statements
• AS 1 – Disclosure of Accounting Policies
• AS 2 – Valuation of Inventories
• AS 3 – Cash Flow Statement
• AS 4 – Contingencies and Events Occurring after the Balance Sheet Date
• AS 5 – Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
• AS 7 – Construction Contracts
• AS 9 – Revenue Recognition
• AS 10 – Property, Plant and Equipment (PPE)
• AS 11 – The Effects of Changes in Foreign Exchange Rates
• AS 12 – Accounting for Government Grants
• AS 13 – Accounting for Investments
• AS 14 – Accounting for Amalgamation
• AS 16 – Borrowing Costs
• AS 17 – Segment Reporting
• AS 18 – Related Party Disclosures
• AS 19 – Leases
• AS 20 – Earnings Per Share
• AS 22 – Accounting for Taxes on Income
• AS 24 – Discontinuing Operations
• AS 26 – Intangible Assets
• AS 29 – Provisions, Contingent Liabilities and Contingent Assets