A working reference to the Indian Accounting Standards notified under the Companies (Indian Accounting Standards) Rules, 2015 — grouped by what they govern, not just by number. Five are linked through to a full explainer and the IndASBridge module built around them.
Ind AS is the IFRS-converged framework mandatory for listed companies, banks, insurers and large unlisted companies in India (based on net worth thresholds), with a separate, simpler AS framework for smaller companies. Below is the full list of standards currently notified — the five highlighted in blue have a dedicated explainer and a matching IndASBridge module.
How financial statements must be structured and presented, including the current/non-current split.
Measurement and disclosure of inventories — cost formulas, net realisable value, write-downs.
Classifying cash flows into operating, investing and financing activities.
When and how to change accounting policies, estimates, and correct prior-period errors.
Adjusting vs non-adjusting events between the balance sheet date and sign-off.
Identifying related parties and disclosing transactions and balances with them.
Calculating basic and diluted EPS.
Minimum content and recognition principles for interim financial statements.
Identifying reportable segments and the disclosures each one needs.
A single framework for measuring fair value and the disclosures it requires.
Recognition, depreciation and componentisation of PPE.
Accounting for short-term, post-employment, and other long-term employee benefits.
Recognition and presentation of government grants and assistance.
Translating foreign currency transactions and operations.
When borrowing costs must be capitalised into qualifying assets.
Testing assets and cash-generating units for impairment.
Recognition thresholds and disclosure for provisions and contingencies.
Recognition and amortisation of intangible assets, including internally generated ones.
Accounting for property held to earn rentals or for capital appreciation.
Measuring biological assets and agricultural produce at fair value.
Classification and presentation of assets being disposed of.
Accounting for exploration and evaluation expenditure.
Bringing almost all leases onto the lessee's balance sheet as a right-of-use asset and liability.
Classifying financial instruments as liabilities or equity, and offsetting rules.
Qualitative and quantitative disclosures about financial instrument risk.
Classification, measurement, impairment (ECL) and hedge accounting for financial instruments.
Accounting for investments in subsidiaries, associates and JVs in standalone statements.
Applying the equity method to associates and joint ventures.
Acquisition accounting — identifying the acquirer, purchase price allocation, and goodwill.
Control-based consolidation of subsidiaries, with eliminations and NCI.
Distinguishing joint operations from joint ventures and accounting for each.
Disclosures for subsidiaries, joint arrangements, associates and unconsolidated structured entities.
Restating financial statements in hyperinflationary environments.
Accounting for equity-settled and cash-settled share-based payment transactions.
Interim guidance for insurance contracts (largely superseded by Ind AS 117 for insurers).
Accounting for balances arising from rate-regulated activities.
Comprehensive accounting model for insurance contracts, applicable to insurers.
The transition framework and exemptions for first-time Ind AS adopters.
See how these standards flow into the Division II balance sheet and P&L.