ACCOUNTING STANDARD ( लेखांकन मानदंड ) M.COM SEMSTER – 1 PAPER – 3

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About Course

This course is designed to provide a strong conceptual and practical understanding of Accounting Standards in India. It focuses on the principles of recognition, measurement, presentation, and disclosure as prescribed under various Indian Accounting Standards (AS).

The course covers important standards such as AS 1, AS 4, AS 5, AS 7, AS 9, AS 10, AS 11, AS 12, AS 15, and AS 16. Students will learn how accounting standards are applied in real business transactions, financial statements, and corporate reporting.

It is highly useful for M.Com students and those preparing for professional and academic exams in accounting and finance.

What Will You Learn?

  • After completing this course, students will be able to:
  • • Understand the concept and importance of Accounting Standards
  • • Learn disclosure of accounting policies (AS 1)
  • • Understand contingencies and events after balance sheet date (AS 4)
  • • Learn profit or loss adjustments and accounting changes (AS 5)
  • • Understand accounting of construction contracts (AS 7)
  • • Learn revenue recognition principles (AS 9)
  • • Understand accounting for fixed assets (AS 10)
  • • Learn foreign exchange accounting (AS 11)
  • • Understand government grants accounting (AS 12)
  • • Learn employee benefits accounting (AS 15)
  • • Understand borrowing costs treatment (AS 16)
  • • Apply accounting standards in practical financial statements

Course Content

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