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List out all the accounting standards which are under the Institute of Chartered Accountants of India (ICAI).

AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer

The Institute of Chartered Accountants of India has so far pronounced 27 accounting standards listed below:

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

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