accountant - Wikitechy https://www.wikitechy.com/interview-questions/tag/accountant/ Interview Questions Wed, 08 Sep 2021 07:07:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://www.wikitechy.com/interview-questions/wp-content/uploads/2025/10/cropped-wikitechy-icon-32x32.png accountant - Wikitechy https://www.wikitechy.com/interview-questions/tag/accountant/ 32 32 What is Accounting standard ? https://www.wikitechy.com/interview-questions/accounting/what-is-accounting-standard/ https://www.wikitechy.com/interview-questions/accounting/what-is-accounting-standard/#respond Wed, 04 Aug 2021 05:22:24 +0000 https://www.wikitechy.com/interview-questions/?p=1258
  • An accounting standard is a common set of principles,standards and procedures that are used for financial reporting.Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements.
  • List of Accounting Standards (AS 1 to AS 32)
    • AS 1 – Disclosure of Accounting Policies
    • AS 2 – Valuation of Inventories (amended) *
    • AS 3 – Cash Flow Statements
    • 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    • AS 6 – Depreciation Accounting (withdrawn) *
    • AS 7 – Construction Contracts (revised 2002)
    • AS 8 – Accounting for Research and Development (withdrawn for AS 26)
    • AS 9 – Revenue Recognition
    • AS 10 – Accounting for Fixed Assets (amended) *
    • AS 11 – The Effects of Changes in Foreign Exchange Rates (revised 2003) ** / ***
    • AS 12 – Accounting for Government Grants
    • AS 13 – Accounting for Investments (amended) *
    • AS 14 – Accounting for Amalgamations (amended) *
    • AS 15 – Employee Benefits (revised 2005)
    • AS 16 – Borrowing Costs
    • AS 17 – Segment Reporting
    • AS 18 – Related Party Disclosures
    • AS 19 – Leases
    • AS 20 – Earnings Per Share
    • AS 21 – Consolidated Financial Statements (amended) *
    • AS 22 – Accounting for Taxes on Income
    • AS 23 – Accounting for Investments in Associates in Consolidated Financial Statements
    • AS 24 – Discontinuing Operations
    • AS 25 – Interim Financial Reporting
    • AS 26 – Intangible Assets
    • AS 27 – Financial Reporting of Interests in Joint Ventures
    • AS 28 – Impairment of Assets
    • AS 29 – Provisions,Contingent Liabilities and Contingent Assets (amended) *
    • AS 30 – Financial Instruments: Recognition and Measurement
    • AS 31 – Financial Instruments: Presentation
    • AS 32 – Financial Instruments: Disclosures’stands withdrawn
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