Dear Students since last edition of the Book, there are number of updation in Ind ASs. New Ind AS-116 ‘Leases’ was notified by the MCA which is
applicable from the accounting year starting on and after 1st April 2019, however for the CA Final Examination, this Standard will be applicable from May 2020 examination. This edition incorporates a supplementary chapter on Ind AS-116. As a consequence of notification of Ind AS-116, there are amendments in other Standards which have been incorporated. For the Students of CA Final more problems and examples have been added to make it as per the examination pattern. The relevant issues from examination prospective of ITFG (ICAI) have also been incorporated. Further May 2019 & Nov. 2018 question papers with their suggested answers have also been incorporated in this edition. I would also like to thank TAXMANN to provide me editorial and logistics support to reach out to the large number of readers all over India. I may also mention that while considerable care has been taken to ensure that contents are accurate, a few errors are inherent in work of this kind, therefore, with all humility I seek suggestions and guidance from the readers.
About the Author
Dr. D.S. Rawat is a Chartered Accountant, teaching/guiding the C.A. students (PE-lI/Final) since last 30 years. He has completed his Ph.D in lFRS. He is a visiting faculty to lCAI for the courses on Accounting Standards and lFRS and associated with the lCAl in convergence of Indian Accounting Standards with International Financial ReportingStandards (IFRS). He has more than 30 years of practical experience in the field of accoun ts/ audit of various organizations/companies. He is also the author of book “Students’ Guide to Auditing Standards” published by the Taxmann. He has been an active participant and speaker in various Seminars and Conferences on Accounting and Finance.