PPT : Accounting Standards | Accountancy Class 11 - Commerce PDF Download

 Page 1


Section A Chapter 1 Unit – 3 
CA.S.S.Prathap 
Page 2


Section A Chapter 1 Unit – 3 
CA.S.S.Prathap 
They are laws of accounts. 
They are issued by ICAI. 
Till date 32 Standards have been  issued. 
AS is mandatory for companies. 
Page 3


Section A Chapter 1 Unit – 3 
CA.S.S.Prathap 
They are laws of accounts. 
They are issued by ICAI. 
Till date 32 Standards have been  issued. 
AS is mandatory for companies. 
They cover all important aspect of 
accounts. 
AS – 8 is withdrawn pursuant to AS 
26 becoming mandatory. 
Accounting standards cannot over ride 
the statute 
Page 4


Section A Chapter 1 Unit – 3 
CA.S.S.Prathap 
They are laws of accounts. 
They are issued by ICAI. 
Till date 32 Standards have been  issued. 
AS is mandatory for companies. 
They cover all important aspect of 
accounts. 
AS – 8 is withdrawn pursuant to AS 
26 becoming mandatory. 
Accounting standards cannot over ride 
the statute 
Page 5


Section A Chapter 1 Unit – 3 
CA.S.S.Prathap 
They are laws of accounts. 
They are issued by ICAI. 
Till date 32 Standards have been  issued. 
AS is mandatory for companies. 
They cover all important aspect of 
accounts. 
AS – 8 is withdrawn pursuant to AS 
26 becoming mandatory. 
Accounting standards cannot over ride 
the statute 
AS-1 
• Disclosure of Accounting 
Policies