Bharat's Practical Guide to Ind AS & IFRS

Bharat's Practical Guide to Ind AS & IFRS – 10th Edition 2025 is a trusted and authoritative reference that provides an in-depth and practical understanding of Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS). This updated edition incorporates all the recent amendments, guidance notes, and clarifications up to 2025, making it a vital resource for professionals, students, and corporate finance teams navigating the evolving landscape of financial reporting in India.

This guide is designed to bridge the gap between theoretical accounting concepts and their real-world application. It covers the complete set of Ind AS as notified under the Companies (Indian Accounting Standards) Rules, along with a comparison to corresponding IFRS provisions. Each standard is explained with clarity, supported by illustrations, journal entries, industry examples, and FAQs, making it easier for readers to apply the knowledge in practical scenarios.

Key Features:

• 📘 Comprehensive Analysis of All Ind AS: Covers all notified Indian Accounting Standards with detailed explanations, scope, recognition criteria, measurement principles, disclosures, and illustrative examples.

• 🌍 IFRS Alignment and Comparison: Highlights key differences and similarities between Ind AS and IFRS, assisting in understanding global reporting practices.

• 📊 Industry-Based Examples & Case Studies: Real-world financial reporting examples from leading companies to demonstrate application of standards in practice.

• 🧾 Updated as per 2025 Amendments: Incorporates the latest changes notified by MCA, ICAI guidance, and global updates in IFRS.

• 📚 Practical and Examination-Friendly Format: Ideal for CA Final, CMA, CS, M.Com, MBA, and ACCA students, as well as finance professionals and auditors.

• 🧠 Easy Reference Tools: Includes summary charts, tables, and flowcharts to simplify complex concepts and improve retention.

• 🏢 Applicable Across Sectors: Relevant for corporates, NBFCs, insurance companies, listed entities, and startups adopting Ind AS voluntarily or mandatorily.

Why This Book is Essential:

• ✅ Best-Selling Reference on Ind AS: Trusted by CA firms, finance teams, and audit professionals across India for its clarity and thoroughness.

• 💼 Assists in Real-Time Implementation: Helps CFOs, finance managers, and auditors apply standards during financial reporting and audit.

• 🎯 Perfect for Students & Professionals: Balances academic depth with practical insights—ideal for exam preparation and corporate training alike.

• 📝 Supportive for Transition Planning: Especially valuable for companies transitioning to Ind AS or aligning their practices with IFRS.

• 📖 User-Friendly Structure: Designed for quick reference with easy navigation between standards, interpretations, and examples.