Snowwhite's Indian Accounting Standards (Ind AS) – As Amended up to date
 

Snowwhite's Indian Accounting Standards (Ind AS) – 7th Edition, 2025 is a trusted and authoritative reference that provides an in-depth analysis and practical insight into the Indian Accounting Standards, fully updated as per the latest amendments and regulatory updates. Widely used by accounting professionals, finance managers, students, and corporate entities, this edition covers the evolving landscape of Ind AS compliance in line with global financial reporting expectations.

The book systematically explains each standard with clarity and relevance, offering commentary, illustrations, practical examples, and cross-references to relevant provisions of the Companies Act, SEBI regulations, and guidance notes issued by the ICAI. With its structured approach, this edition makes it easier for users to understand complex accounting requirements and apply them accurately in real-world scenarios.

Designed to meet the requirements of practitioners and learners alike, this edition includes coverage of the latest updates by ICAI and the Ministry of Corporate Affairs (MCA), including recent amendments, clarifications, and interpretations issued up to 2025. The content is tailored to ensure high practical applicability for Indian companies transitioning to or already complying with Ind AS.

Key Features:

• Complete & Updated Coverage of All Ind AS: Includes all notified Ind AS along with the latest amendments, practical application insights, and regulatory developments up to 2025.

• Practical Approach to Complex Standards: Uses real-life examples, industry practices, and implementation case studies to simplify understanding and application.

• Comparative Insights: Provides comparison between Ind AS and corresponding IFRS/IAS standards where relevant, highlighting key differences and convergence points.

• Disclosure Requirements: Covers disclosure requirements under each Ind AS, including relevant notes, checklists, and financial statement presentation formats.

• Linked with Companies Act & ICAI Guidance: Correlates Ind AS provisions with applicable sections of the Companies Act, 2013 and incorporates guidance notes and FAQs issued by ICAI.

• Coverage of Critical Standards: Detailed guidance on complex standards such as Ind AS 115 (Revenue Recognition), Ind AS 116 (Leases), Ind AS 109 (Financial Instruments), and Ind AS 103 (Business Combinations).

• Ideal for Exam Preparation & Corporate Reference: Suitable for CA Final and CMA students, as well as corporate finance and audit teams involved in Ind AS implementation and reporting.

• Latest Amendments by MCA & ICAI: Incorporates changes notified by the Ministry of Corporate Affairs and interpretations by ICAI as of 2025.

• Industry-Specific Application: Addresses nuances in Ind AS application across sectors including real estate, banking, insurance, and manufacturing.

Why This Book is Essential:

• Trusted by Professionals & Academics: Widely recommended by accounting faculties and adopted by professionals as a go-to reference for Ind AS-related queries.

• Practical, Exam-Oriented & Corporate-Friendly: Combines academic rigor with corporate practicality to serve both learners and working professionals.

• Clarity in Presentation: Structured layout with bold headings, summary charts, and clear examples for better conceptual grasp and quick revision.

• Facilitates Accurate Compliance: Aids in ensuring complete and accurate compliance with statutory financial reporting requirements under Ind AS.

• Supports Informed Financial Decisions: Helps finance teams, auditors, and analysts make informed decisions based on robust Ind AS interpretations.

Snowwhite's Indian Accounting Standards (Ind AS) – 7th Edition, 2025 is the definitive guide to understanding and applying Indian Accounting Standards in today’s dynamic regulatory environment. Whether you're preparing for a professional exam, ensuring compliance in a corporate setting, or advising clients on financial reporting, this book delivers the clarity, depth, and reliability you need.