{"id":50710,"date":"2021-06-24T15:14:05","date_gmt":"2021-06-24T09:44:05","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=50710"},"modified":"2022-10-15T14:06:24","modified_gmt":"2022-10-15T08:36:24","slug":"ind-as-indian-accounting-standards","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/ind-as-indian-accounting-standards\/","title":{"rendered":"Comprehensive Understanding of Ind AS (Indian Accounting Standards)"},"content":{"rendered":"<p class=\"has-drop-cap\">With time <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Accounting&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Accounting is the language of business, serving as the backbone of financial management and decision-making. It involves the systematic recording, analysis, and reporting of financial(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/accounting\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>accounting<\/a> standards have been devised in India. It is also called Ind As. These standards should be adopted by different corporate form and <strong><a href=\"https:\/\/enterslice.com\/nbfc-registration\">NBFCs<\/a><\/strong> in India under the supervision of the board of Accounting Standards. In this article, we shall have a detailed outlook on Indian Accounting Standards.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Accounting Standards Board (ASB)?<\/h2>\n\n\n\n<p>This Board was established in 1977 as a regulator and body. It is a professional and autonomous body that is managed by the <strong>Institute of Chartered Accountants of India<\/strong><sup><a href=\"https:\/\/www.icai.org\/\"><strong>[1]<\/strong><\/a><\/sup>.<\/p>\n\n\n\n<p>There are other bodies other than this, such as Confederation of Indian Industry, Associated Chambers of Commerce &amp; Industry of India, Federation of Indian Chambers of Commerce and Industry, which regulate ASB.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is the objective of Ind AS?<\/h2>\n\n\n\n<p><em>The following are its objectives:<\/em><\/p>\n\n\n\n<ul><li>To ensure that companies in India adopt such standards to implement internationally recognized best practices.<\/li><li>To ensure that worldwide compliance is maintained.<\/li><li>To have a single framework for a single accounting system.<\/li><li>To serve as a guide for the implementation of the standard.<\/li><li>Accounting systems in India can be analyzed and be known by global companies.<\/li><li>To make the annual financial statements and company account transparent.<\/li><li>The standards are harmonized to make sure that companies meet the global requirements.<\/li><\/ul>\n\n\n\n<p>A broader scope is acceptable through this Indian accounting standard because, as compared to the past, Indian companies have expanded their global scope.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Applicability of Ind AS<\/h2>\n\n\n\n<p>The Indian government and the Corporate Affairs Department have announced the recognition as well as the adoption of the Indian accounting standards by all companies in India. A notice was filed under the Company Accounting Standards Act (US IND) of 2015.<\/p>\n\n\n\n<p>As per this notification, all companies that receive this notification will have to obtain Ind As in stages during the 2016-17 fiscal years. After its adoption, there have been three notification changes in 2016, 17 and 18.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Benefits of Ind AS<\/h2>\n\n\n\n<p><em>It has many advantages. Some of them are as follows:<\/em><\/p>\n\n\n\n<p><strong>&nbsp;Harmonize<\/strong><\/p>\n\n\n\n<p>When companies adopt these standards, they can harmonize accounting rules. Global accounting principles can be made through harmonization.<\/p>\n\n\n\n<p><strong>Recognized Internationally<\/strong><\/p>\n\n\n\n<p>These are internationally recognized accounting standards. Hence, if a company wishes to expand internationally, these principles are adopted.<\/p>\n\n\n\n<p><strong>Effective Compliance<\/strong><\/p>\n\n\n\n<p>When companies adopt these standards, they can ensure effective compliance.<\/p>\n\n\n\n<p><strong>Accepted Globally<\/strong><\/p>\n\n\n\n<p>The existence of these standards guarantee international recognition of all government institutions and agencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Adoption of Indian Accounting Standards<\/h2>\n\n\n\n<p>It is in the process of adoption by the companies in India in phases. In the Ist and IInd phases, all listed and unlisted companies adopted these Standards.<\/p>\n\n\n\n<p>In the IIIrd and IVth phases, banks and non-banking financial companies were supposed to adopt such standards.&nbsp;<\/p>\n\n\n\n<p>Although the NBFCs have come under the Ind AS, banks are yet to adopt them. It is due to the fact that the&nbsp;RBI&nbsp;deferred this on account of 2 factors:<\/p>\n\n\n\n<ul><li>There was a need to amend the Banking Regulation Act, 1949;<\/li><li>The banking sector was not itself deemed &lsquo;prepared&rsquo; for this change.<\/li><\/ul>\n\n\n\n<p>The Reserve Bank of India postponed the <strong><a href=\"https:\/\/enterslice.com\/implementation-of-ind-as\">Ind AS implementation<\/a><\/strong> on banks from April 2018 to April 2019. After that, it deferred this implementation again indefinitely in April 2019.<\/p>\n\n\n\n<p>The banking sector always opposed the adoption of Ind AS due to many factors, apart from the already mentioned factors. The implementation of the Ind AS is expected to bring in numerous changes in the accounts of the companies.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Services provided as per Ind Accounting Standards<\/h2>\n\n\n\n<p><em>The services are as follows:<\/em><\/p>\n\n\n\n<ul><li>Business advisory services pertaining to the specific implementation of international financial reporting standards and IND AS., e.g. Mergers, Consolidations, Financial Instruments, Hedge Accounting, Revenue Recognition and Leases;<\/li><li>&nbsp;Planning, Execution and transformation of Ind AS.<\/li><li>&nbsp;Facilitate the change to the new Ind accounting standard.<\/li><li>&nbsp;Help in analyzing the differences between GAAP and Ind AS.<\/li><li>&nbsp;Help in determining new policies as well as procedures to be implemented as per Ind AS.<\/li><li>&nbsp;Staff training on the concepts and requirements of Ind AS.<\/li><li>&nbsp;Support in preparing annual financial reports as per the Ind AS.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">List of Ind AS (Accounting Standards)<\/h2>\n\n\n\n<p><em>The list of major applicable Ind AS is provided in the table made below:<\/em><\/p>\n\n\n\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p><strong>IND AS NO.<\/strong><\/p>\n<\/td>\n<td width=\"281\">\n<p><strong>NAME <\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind-AS 1<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Presentation of Financial Statements<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind-AS 2<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>&nbsp;Inventories Accounting<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 7<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Statement of Cash Flows<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 8<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Accounting Policies&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Accounting policies are regulations or guidelines that businesses must follow when creating and presenting their financial statements. They establish a consistent framework for producing(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/accounting-policies\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>Accounting Policies<\/a>, Changes in Accounting Estimates and Errors<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 10<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Events after Reporting Period<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 11<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Construction Contracts<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 12<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Income Taxes<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 16<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Property&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Property refers to the legal designation of ownership over valuable items or assets held by an individual or a business. This ownership grants the holder certain legal rights to use, consume,(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/property\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>Property<\/a>, Plant and Equipment<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 17<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Leases<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 18<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>&nbsp;Revenue<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 19<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Employee Benefits<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS 20<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Accounting for Government Grants and Disclosure of Government Assistance<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind-AS 23<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Borrowing Costs<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-24<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Related Party Disclosures<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-27<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Separate Financial Statements<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-28<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Investments in Associates and Joint Ventures<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-29<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Financial Reporting in Hyperinflationary Economies<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-32<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Financial Instruments: Presentation<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-33<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Earnings per Share<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-34<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Interim Financial Reporting<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-36<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Impairment of Assets<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-37<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Provisions, Contingent Liabilities and Contingent Assets<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"335\">\n<p>&nbsp;<\/p>\n<p>Ind AS-38<\/p>\n<\/td>\n<td width=\"281\">\n<p>&nbsp;<\/p>\n<p>Intangible Assets<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-40<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Investment Property<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-41<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Agriculture<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-101<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>First-time adoption of Ind AS<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>&nbsp;Ind AS-102<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Share-Based payments<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-103<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Business Combination<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-104<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Insurance Contracts<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-105<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Non-Current Assets Held for Sale &amp; Discontinued Operations<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-106<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Exploration for and Evaluation of Mineral Resources<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-107<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Financial Instruments: Disclosures<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>&nbsp;Ind AS-108<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Operating Segments<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-109<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Financial Instruments<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-110<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Consolidated Financial Statements<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-111<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Joint Arrangements<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-112<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Disclosure of Interests in Other Entities<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-113<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Fair Value Measurement<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-114<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Regulatory Deferral Accounts<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"330\">\n<p>&nbsp;<\/p>\n<p>Ind AS-115<\/p>\n<\/td>\n<td colspan=\"2\" width=\"286\">\n<p>&nbsp;<\/p>\n<p>Revenue from Contracts with Customers<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>These standards should be adopted by different corporate form and NBFCs in India under the supervision of the board of Accounting Standards. There have been certain amendments also in some of these Ind As recently.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/enterslice.com\/learning\/guidelines-for-ind-as-implementation-by-nbfcs-arcs-issued-by-rbi\/\">Guidelines for Ind AS Implementation by <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;NBFC&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Non-Banking Financial Companies (NBFC) operate similarly to banks but do not possess the legal status of a bank. Registered under the Companies Act 2013 and governed by the RBI Act&amp;#039;s section(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/nbfc\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>NBFC<\/a>&rsquo;s, ARC&rsquo;s issued by RBI<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With time accounting standards have been devised in India. It is also called Ind As. These standards should be adopted by different corporate form and NBFCs in India under the supervision of the board of Accounting Standards. In this article, we shall have a detailed outlook on Indian Accounting Standards. What is Accounting Standards Board [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":50711,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1314],"tags":[2644],"acf":{"service_id":"230"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Comprehensive Understanding of Indian Accounting Standards - Enterslice<\/title>\n<meta name=\"description\" content=\"Indian Accounting standards should be adopted by different corporate form and NBFCs in India under the supervision of the board of Accounting Standards.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/ind-as-indian-accounting-standards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comprehensive Understanding of Indian Accounting Standards - Enterslice\" \/>\n<meta property=\"og:description\" content=\"Indian Accounting standards should be adopted by different corporate form and NBFCs in India under the supervision of the board of Accounting Standards.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/ind-as-indian-accounting-standards\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-24T09:44:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-15T08:36:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2021\/06\/Comprehensive-Understanding-of-Ind-AS-Indian-Accounting-Standards.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Ashish M. 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He is a creative thinker and has a great interest in exploring legal subjects.","postViews":520,"readingTime":4,"nextPost":{"id":50723,"slug":"fast-track-mergers-and-amalgamation"},"prevPost":{"id":50696,"slug":"filling-itr%e2%80%904-sugam"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2021\/06\/Comprehensive-Understanding-of-Ind-AS-Indian-Accounting-Standards.jpg","postTerms":"Finance &amp; Accounting","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/50710"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=50710"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/50710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/50711"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=50710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=50710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=50710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}