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Illustrated Guide to Indian Accounting Standards (Ind AS) provides a comprehensive commentary on the Ind AS (as amended by the Companies (Indian Accounting Standards) (Amendment) Rules 2021) & comprehensive analysis on amended Schedule III of the Companies Act 2013..The Present Publication is the 6th Edition, authored by B.D. Chatterjee & Jinender Jain, amended by the Companies (Indian Accounting Standards) (Amendment) Rules 2021 & updated till 15th August 2021, with the following noteworthy features:.(1) [Comprehensive Commentary] on the following:(a) Indian Accounting Standards as amended by the Companies (Indian Accounting Standards) (Amendment) Rules 2021.(b) Amended Schedule III of the Companies Act 2013 with the updated text of the Schedule III.(2) [Process Flow Diagrams of Major Ind AS] to help the reader understand and comprehend the nuances of each Ind AS in its simplest form.(3) [200+ Charts, Illustrations & Case Studies] to deep dive into the Ind ASs & its convergence with IAS/IFRS, updated with the latest notified amendments in each of the Ind ASs, based on practical issues and questions.(4) [Definitions & Application Guidance] are incorporated in critical chapters.(5) [Detailed Comparative Analysis] of the Indian Accounting Standards with the amending Accounting Standards.(6) [References] have been made to the following:(a) Notified text on Ind ASs & AS published by Ministry of Corporate Affairs.(b) The Institute of Chartered Accountants of India Publication on Indian Accounting Standards (Ind AS).(c) Adaptations from ACCA UK.The detailed contents of this book are as follows:.(1) Financial Reporting in India and Conceptual Framework for Financial Reporting.(2) Indian Accounting Standards (Ind AS) Summary.(3) Ind AS 1 | Presentation of Financial Statements.(4) Ind AS 2 | Inventories.(5) Ind AS 7 | Statement of Cash Flows.(6) Ind AS 8 | Accounting Policies, Changes in Accounting Estimates and Errors.(7) Ind AS 10 | Events occurring after the Reporting Period.(8) Ind AS 12 | Income Taxes.(9) Ind AS 16 | Property, Plant and Equipment.(10) Ind AS 17 | Leases.(11) Ind AS 19 | Employee Benefits.(12) Ind AS 20 | Accounting for Government Grants.(13) Ind AS 21 | The Effects of Changes in Foreign Exchange Rates.(14) Ind AS 23 | Borrowing Costs.(15) Ind AS 24 | Related Party Disclosures.(16) Ind AS 27 | Separate Financial Statements.(17) Ind AS 28 | Investments in Associates and Joint Ventures.(18) Ind AS 29 | Financial Reporting in the Hyperinflationary Economies.(19) Ind AS 32 | Financial Instruments: Presentation.(20) Ind AS 33 | Earnings Per Share.(21) Ind AS 34 | Interim Financial Reporting.(22) Ind AS 36 | Impairment of Assets.(23) Ind AS 37 | Provisions, Contingent Liabilities and Contingent Assets.(24) Ind AS 38 | Intangible Assets.(25) Ind AS 40 | Investment Property.(26) Ind AS 41 | Agriculture.(27) Ind AS 101 | First-time adoption of International Financial Reporting Standards.(28) Ind AS 102 | Share-Based Payment.(29) Ind AS 103 | Business Combinations.(30) Ind AS 104 | Insurance Contracts.(31) Ind AS 105 | Non-Current Assets Held for Sale and Discontinued Operations.(32) Ind AS 106 | Exploration and Evaluation of Mineral Resources.(33) Ind AS 107 | Financial Instruments: Disclosures.(34) Ind AS 108 | Operating Segments.(35) Ind AS 109 | Financial Instruments.(36) Ind AS 110 | Consolidated Financial Statements.(37) Ind AS 111 | Joint Arrangements.(38) Ind AS 112 | Disclosure of Interests in Other Entities.(39) Ind AS 113 | Fair Value Measurement.(40) Ind AS 114 | Regulatory Deferral Accounts.(41) Ind AS 115 | Revenue from Contracts with Customers.(42) Ind AS 116 | Leases.