29

31

29

32

29 standards is there

1 Disclosure of Accounting Policies  
  2 Valuation of Inventories  
  3 Cash Flow Statements  
  4 Contingencies and Events Occuring after the Balance 
Sheet Date  
  5 Net Profit or Loss for the period,Prior Period Items 
and Changes in Accounting Policies 
 
  6 Depreciation Accounting  
  7 Construction Contracts (revised 2002)  
  8 Accounting for Research and Development  
  9 Revenue Recognition  
  10 Accounting for Fixed Assets  
  11 The Effects of Changes in Foreign Exchange Rates 
(revised 2003),  
  12 Accounting for Government Grants  
  13 Accounting for Investments  
  14 Accounting for Amalgamations  
  15 (revised 2005) Employee Benefits  
  15 (issued 1995)Accounting for Retirement Benefits in the 
Financial Statement of Employers  
  16 Borrowing Costs  
  17 Segment Reporting 
 
  18, Related Party Disclosures  
  19 Leases  
  20 Earnings Per Share 
 
  21 Consolidated Financial Statements  
  22 Accounting for Taxes on Income.  
  23 Accounting for Investments in Associates in 
Consolidated Financial Statements  
  24 Discontinuing Operations  
  25 Interim Financial Reporting  
  26 Intangible Assets  
  27 Financial Reporting of Interests in Joint Ventures  
  28 Impairment of Assets  
  29 Provisions,Contingent` Liabilities and Contingent 
Assets  
  30 Financial Instruments: Recognition and Measurement and 
Limited Revisions to AS 2, AS 11 (revised 2003), AS 21, AS 
23, AS 26, AS 27, AS 28 and AS 29  
  31, Financial Instruments: Present

there are 29 accounting standards are in india

According to Government of India, there are 31 accounting 
standards.
but 32 is also included in 31st accounting standard
(Financial Instrument: Presentation).
so we can say that there are 32 accounting standards.

31 issued by icai of india...

thare was 29 standred in India. but at present there is 28 
standred

19

There are 29 accounting standards out of which A.S 8(R&D) 
has been removed and A.S26 has been made mandatory, 
therefore leaving 28 accounting standards presently.

Before the Accounting Standards were 29 and now it is 32

31

Withdrawal of the Announcement issued by the Council 
on ‘Treatment of exchange differences under Accounting 
Standard (AS) 11 (revised 2003), The Effects of Changes in 
Foreign Exchange Rates vis-à-vis Schedule VI to the 
Companies Act, 1956’  
Accounting Standards (ASs)  
 AS 1 Disclosure of Accounting Policies  
 AS 2 Valuation of Inventories  
 AS 3 Cash Flow Statements  
 AS 4 Contingencies and Events Occuring 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  
 AS 7 Construction Contracts (revised 2002)  
 AS 8 Accounting for Research and Development  
 AS 9 Revenue Recognition  
 AS 10 Accounting for Fixed Assets  
 AS 11 The Effects of Changes in Foreign Exchange Rates 
(revised 2003),  
 AS 12 Accounting for Government Grants  
 AS 13 Accounting for Investments  
 AS 14 Accounting for Amalgamations  
 AS 15 (revised 2005) Employee Benefits  
 Limited Revision to Accounting Standard (AS) 15, Employee 
Benefits (revised 2005)  
 AS 15 (issued 1995)Accounting for Retirement Benefits in 
the Financial Statement of Employers  
 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  
 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  
 AS 30 Financial Instruments: Recognition and Measurement 
and Limited Revisions to AS 2, AS 11 (revised 2003), AS 21, 
AS 23, AS 26, AS 27, AS 28 and AS 29  
 AS 31, Financial Instruments: Presentation  
 Accounting Standard (AS) 32, Financial Instruments: 
Disclosures, and limited revision to Accounting Standard 
(AS) 19, Leases

AS 1 Disclosure of Accounting Policies  
AS 2 Valuation of Inventories  
AS 3 Cash Flow Statements  
AS 4 Contingencies and Events Occuring 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  
AS 7 Construction Contracts   
AS 8 Accounting for Research and Development  (withdrawn 
after as26)
AS 9 Revenue Recognition  
AS 10 Accounting for Fixed Assets  
AS 11 The Effects of Changes in Foreign Exchange Rates 
 
AS 12 Accounting for Government Grants  
AS 13 Accounting for Investments  
AS 14 Accounting for Amalgamations  
AS 15 Accounting for Retirement Benefits in 
the Financial Statement of Employers  
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  
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  
AS 30 Financial Instruments: Recognition and Measurement 
AS 31, Financial Instruments: Presentation  
(AS) 32, Financial Instruments: 
Disclosures.
29 AS are issued.28applicable.AS 30,31 &32 are 
published.they will come into effect from 1-4-2009.it is 
mandatory on & after 1-4-2011.

31

As indicated earlier, Accounting Standards are formulated 
on the basis of the International
Financial Reporting Standards (IFRSs)/ International 
Accounting Standards (IASs) issued by the
IASB. Of the 41 IASs issued so far, 29 are at present in 
force, the remaining standards have
been withdrawn. Apart from this, 8 IFRSs have also been 
issued by the IASB. Corresponding to
the IASs/IFRSs, so far, 30 Indian Accounting Standards on 
the following subjects have been
issued:
AS 1 Disclosure of Accounting Policies
AS 2 Valuation of Inventories
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
AS 7 Construction Contracts
AS 8 Accounting for Research and Development (Withdrawn 
pursuant to
AS 26 becoming mandatory)
AS 9 Revenue Recognition
AS 10 Accounting for Fixed Assets
AS 11 The Effects of Changes in Foreign Exchange Rates
AS 12 Accounting for Government Grants
AS 13 Accounting for Investments
AS 14 Accounting for Amalgamations
AS 15 Employee Benefits
AS 16 Borrowing Costs
AS 17 Segment Reporting
AS 18 Related Party Disclosures
AS 19 Leases
AS 20 Earnings Per Share
4
AS 21 Consolidated Financial Statements
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
AS 30 Financial Instruments: Recognition and Measurement
AS 31 Financial Instruments: Presentation

There are 32 accounting stanard.

30

There are 31 Accounting stadards at present.

32

31 standards

previous 29 now 31

AS 1 Disclosure of Accounting Policies
AS 2 Valuation of Inventories
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
AS 7 Construction Contracts
AS 8 Accounting for Research and Development (Withdrawn pursuant to
AS 26 becoming mandatory)
AS 9 Revenue Recognition
AS 10 Accounting for Fixed Assets
AS 11 The Effects of Changes in Foreign Exchange Rates
AS 12 Accounting for Government Grants
AS 13 Accounting for Investments
AS 14 Accounting for Amalgamations
AS 15 Employee Benefits
AS 16 Borrowing Costs
AS 17 Segment Reporting
AS 18 Related Party Disclosures
AS 19 Leases
AS 20 Earnings Per Share
4
AS 21 Consolidated Financial Statements
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
AS 30 Financial Instruments: Recognition and Measurement
AS 31 Financial Instruments: Presentation