Treatise on Ind AS by CA. (Dr.) Alok K. Garg – 4th Edition May 2026

Description

Key Features:

>  Covers Ind AS 117, Insurance Contracts

>  Comprehensive commentary with Conceptual Explanations, Case studies and Examples.

>  Lucid commentary on complex areas including Leases, Revenue, Financial Instruments, Business Combination, Consolidation, Share-Based Payment etc.

>  References to published disclosures of Listed Companies on major concepts of Ind AS.

>  Practical issues on Ind AS including analysis of ITFG bulletins and Education material.

>  Detailed comparison of Ind AS, Indian GAAP and IFRS.

>  More than 1,000 MCQs with detailed analysis covering all Ind AS.

>  FAQs on Overview and Applicability/ Roadmap for implementation of Ind AS including analysis of last amendments to Schedule III.

>  Updated with Latest Companies (Ind AS) Amendment Rules, 2025.

>  Useful for Professionals and Participants of Certificate course on Ind AS

About the Book

“Treatise on Ind AS” allows its readers to dive into the depth of Indian Accounting Standards (Ind AS) without getting stuck into the web of bare text. While Ind AS are ruling the nation of Indian accounting, the book comes to the rescue of those looking for conceptual clarity, application guidance, practical reference to listed companies, comparison of new set of standards with old and global set of standards. It shall act as a one-stop shop for all Ind AS related guidance.

In 2015, India transitioned to a globally aligned financial reporting framework with the introduction of Ind AS, which are based on the internationally accepted principles of IFRS issued by the IASB. This shift from Indian GAAP to Ind AS marked a significant milestone in the evolution of accounting in India, though its implementation has not been without challenges. The Ministry of Corporate Affairs (MCA) took several measures to ease the transition for stakeholders, including introducing a phased roadmap for implementation. To date, all listed companies (excluding banking and insurance companies) and many unlisted companies above the prescribed thresholds have adopted Ind AS. More recently, the IRDAI has introduced an Ind AS–based financial reporting framework for the insurance sector, effective from 1 April 2026, through its press release dated 30 March 2026. Consequently, accounting professionals and students continue to grapple with the evolving financial reporting landscape.

This book provides a complete guidance to its readers by offering a comprehensive commentary on each Ind AS explained with practical examples, case studies, FAQs on applicability or roadmap for implementation of Ind AS to answer most of the related questions. A detailed comparison of Ind AS, IGAAP and IFRS has been given to offer a broad outlook on what has changed and why, practical issues based on ITFG bulletins and educational material have been incorporated in order to provide guidance on exceptional accounting issues, more than 1,000 comprehensive multiple-choice questions have been added in order to allow readers to revise and test their understanding. The most interesting part of this book is the reference to Annual Reports of listed companies to give a real outlook on various complex concepts. In this book, the author has simplified the most complex Ind AS such as Ind AS 116 on Leases, Ind AS 115 on Revenue and other areas like Financial Instruments, Group Reporting and Share-based payments etc.

IASB keeps on reviewing IFRS and issues amendments from time-to-time in order to maintain relevance of accounting standards in the context of current market scenarios. ICAI, on the same line amends Ind AS in order to align with IFRS. This book covers all the amendments since inception, including the recent amendment notified by MCA in FY. 2025-26 along-with relevant examples and case studies.

It is immensely useful for CA, CS, CWA, CFOs, finance professionals, accountants, corporates and CA final students. The bank of more than 1,000 multiple choice questions also provides great help to participants of certificate course on Ind AS organized by ICAI.

It’s a treatise that inscribes the transfiguration of financial reporting framework in the Indian history of accounting giving its readers an in-depth insight on its each and every detail.