Accounting Standard

STATUS OF ACCOUNTING STANDARDS ISSUED BY ICAI FOR NON-CORPORATES

Accounting Standard (AS)

Title of the AS

Mandatory for periods commencing on or after

Levels of Enterprises to whom applicable, Remarks

Refer Note No.

AS 1

Disclosure of Accounting Policies

1-4-1991 for companies, 1-4-1993 for others

I, II and III

AS 2

Valuation of Inventories

1-Apr-99

I, II and III

AS 3

Cash Flow Statements

1-Apr-01

I

1

AS 4

Contingencies and Events Occurring After the Balance Sheet Date

1-Apr-95

I, II and III

2

AS 5

Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

1-Apr-96

I, II and III

3

AS 6

Depreciation Accounting

1-Apr-95

I, II and III

4

AS 7

Construction Contracts

For all contracts entered into during accounting periods on or after 1-4-2003

I, II and III

5a

AS 8

Accounting for Research and Development

1-4-1991 for companies, 1-4-1993 for others

I, II and III

4

AS 9

Revenue Recognition

1-4-1991 for companies, 1-4-1993 for others

I, II and III

AS 10

Accounting for Fixed Assets

1-4-1991 for companies, 1-4-1993 for others

I, II and III

6, 4

AS 11

The Effects of Changes in Foreign Exchange Rates

1-Apr-04

I, II and III

5b

AS 12

Accounting for Government Grants

1-Apr-94

I, II and III

AS 13

Accounting for Investments

1-Apr-95

I, II and III

7

AS 14

Accounting for Amalgamations

1-Apr-95

I, II and III

8

AS 15

Employees Benefits (Revised 2005)

1-Apr-06

I, II and III

9

AS 16

Borrowing Costs

1-Apr-00

I, II and III

6

AS 17

Segment Reporting

1-Apr-01

I

2

AS 18

Related Party Disclosures

1-Apr-01

I

1, 10

AS 19

Leases

For all assets leased for accounting periods commencing on or after 1-4-2001

I, II and III

1, 11a

AS 20

Earnings Per Share

1-Apr-01

I, II and III

1, 11b, 19

AS 21

Consolidated Financial Statements

1-Apr-01

I

12

AS 22

Accounting for Taxes on Income

1-Apr-01

I, II and III

13

AS 23

Accounting for Investments in Associates in Consolidated Financial Statements

1-Apr-02

I

14

AS 24

Discontinuing Operations

1-Apr-04

I

1

1-Apr-05

II, III

AS 25

Interim Financial Reporting

1-Apr-02

I

11c, 15

AS 26

Intangible Assets

1-Apr-03

I

4, 16

1-Apr-04

II, III

AS 27

Financial Reporting of Interests in Joint Ventures

1-Apr-02

I

14, 17

AS 28

Impairment of Assets

1-Apr-04

I

1, 18

1-Apr-06

II

1-Apr-08

III

AS 29

Provisions, Contingent Liabilities and Contingent Assets

1-Apr-04

I, II and III

1, 11d, 2

AS 30

Financial Instruments: Recognition and Measurement

1-Apr-12

I

AS 31

Financial Instruments: Presentation

1-Apr-12

I

AS 32

Financial Instruments: Disclosures

1-Apr-12

I