FINANCIAL REPORTING

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CA Vinay Kumar
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“ I MADE IT…”
 Ind-AS wise (A-Z) INDEX
(Financial Reporting)

Chapter Nov 24 May 25 Pg

Introduction to Ind AS M-1 M-1 1
Conceptual framework M-1 M-1 2-4
IND AS 1 Presentation of Financial Statements M-1 M-1 5-6
Ind AS 2 Inventories M-2 M-2 7
Ind AS 7 Statement of Cash Flows M-1 M-1 8
Ind AS 8 Accounting Policies, Changes in Accounting M-1 M-1 9
Estimates and Errors
Ind AS 10 Events after the Reporting Period M-1 M-1 10
Ind AS 12 Income Taxes M-3 M-3 11-12
Ind AS 16 Property, Plant and Equipment M-2 M-2 13-14
Ind AS 19 Employee Benefits M-3 M-3 15-16
Ind AS 20 Accounting for Government Grants and Disclosure M-2 M-4 17
of Government Assistance
Ind AS 21 The Effects of Changes in Foreign Exchange Rates M-3 M-3 18
Ind AS 23 Borrowing Costs M-2 M-2 19
Ind AS 24 Related Party Disclosures M-3 M-3 19
Ind AS 27 Separate Financial Statements M-4 M-5 20
Ind AS 28 Investment in Associates & Joint Ventures M-4 M-5 20
Ind AS 32 Financial Instruments M-3 M-4 21
Ind AS 33 Earnings per Share M-3 M-3 22
IND AS 34 Interim Financial Reporting M-1 M-1 23
Ind AS 36 Impairment of Assets M-2 M-2 24-25
Ind AS 37 Provisions, Contingent Liabilities and Contingent M-3 M-3 26
Assets
Ind AS 38 Intangible Assets M-2 M-2 27-28
Ind AS 40 Investment Property M-2 M-2 29
Ind AS 41 Agriculture M-2 M-4 29
Ind AS 101 First Time Adoption of Ind AS M-4 M-5 30
Ind AS 102 Share Based Payment M-2 M-4 31
Ind AS 103 Business Combinations M-4 M-5 32-33
Ind AS 105 Non-current Assets Held for Sale and M-2 M-2 34
Discontinued Operations
Ind AS 107 Financial Instruments M-3 M-4 34
Ind AS 108 Operating Segments M-3 M-3 35
Ind AS 109 Financial Instruments M-3 M-4 36-39
Ind AS 110 Consolidated Financial Statements M-4 M-5 40-42
Ind AS 111 Joint Arrangements M-4 M-5 43
Ind AS 112 Disclosure of Interests in Other Entities M-4 M-5 43
Ind AS 113 Fair Value Measurement M-1 M-1 44
Ind AS 115 Revenue from Contracts with Customers M-1 M-4 45-47
Ind AS 116 Leases M-2 M-2 48-50
Analysis of financial statements M-4 M-5 51
Division II M-1 M-1 51
PROFESSIONAL AND ETHICAL DUTY OF A CHARTERED M-4 M-5 51
ACCOUNTANT
ACCOUNTING AND TECHNOLOGY M-4 M-5 52
 Study Material (Module) reference
Nov 24 Chapter May 25 Chapter
M-1 Intro to Ind AS M-1 Intro to Ind AS
M-1 Conceptual framework M-1 Conceptual framework
M-1 IND AS 1 M-1 IND AS 1
M-1 Ind AS 7 M-1 Ind AS 7
M-1 Ind AS 8 M-1 Ind AS 8
M-1 Ind AS 10 M-1 Ind AS 10
M-1 IND AS 34 M-1 IND AS 34
M-1 Ind AS 113 M-1 Ind AS 113
M-1 Ind AS 115 M-1 Division II
M-1 Division II M-2 Ind AS 2
M-2 Ind AS 2 M-2 Ind AS 16
M-2 Ind AS 16 M-2 Ind AS 23
M-2 Ind AS 20 M-2 Ind AS 36
M-2 Ind AS 23 M-2 Ind AS 38
M-2 Ind AS 36 M-2 Ind AS 40
M-2 Ind AS 38 M-2 Ind AS 105
M-2 Ind AS 40 M-2 Ind AS 116
M-2 Ind AS 41 M-3 Ind AS 12
M-2 Ind AS 102 M-3 Ind AS 19
M-2 Ind AS 105 M-3 Ind AS 21
M-2 Ind AS 116 M-3 Ind AS 24
M-3 Ind AS 12 M-3 Ind AS 33
M-3 Ind AS 19 M-3 Ind AS 37
M-3 Ind AS 21 M-3 Ind AS 108
M-3 Ind AS 24 M-4 Ind AS 115
M-3 Ind AS 32 M-4 Ind AS 41
M-3 Ind AS 33 M-4 Ind AS 20
M-3 Ind AS 37 M-4 Ind AS 102
M-3 Ind AS 107 M-4 Ind AS 32
M-3 Ind AS 108 M-4 Ind AS 109
M-3 Ind AS 109 M-4 Ind AS 107
M-4 Ind AS 27 M-5 Ind AS 27
M-4 Ind AS 28 M-5 Ind AS 28
M-4 Ind AS 101 M-5 Ind AS 101
M-4 Ind AS 103 M-5 Ind AS 103
M-4 Ind AS 110 M-5 Ind AS 110
M-4 Ind AS 111 M-5 Ind AS 111
M-4 Ind AS 112 M-5 Ind AS 112
M-4 Prof & Ethical Duty M-5 Prof & Ethical Duty
M-4 Analysis of FS M-5 Analysis of FS
M-4 A/c & Tech M-5 A/c & Tech
How to use this Ind AS wise (A-Z) Index in exam–
1. Two ways are there - Either identify the relevant Ind
AS that would be applicable from the question asked or
identify the relevant concept, then if you have read the
topics then it would help in which Ind AS is applicable.
Ex - From question if it seems that it relates to PPE –
then go to Ind AS 16, Revenue then go to Ind AS 115.

Ex – ECL (expected credit loss) is asked in the question,

then Ind AS 109 is applicable, then directly open Ind AS
109.

Ex – If question comes like – Amount paid to Virat

Kohli by RCB for 5 years. How it will be treated in
the books of RCB. How this transaction will be
recorded.
That means no direct identification of Ind AS, now
if amount is paid it will mostly be related to Asset.
Then see which Ind AS could be applicable like
Inventory(2), PPE(16), Intangible(38), IP(40),
Agriculture(41), Bus. Comb (103), NCA held for sale
(105), Financial asset (109), Lease(116).
Now see, what scenario could relate, nothing
physical is there so firstly Ind AS 38 should come
in mind.

2. Now, hardly 2-3 pages will be there for any Ind AS, go to
that Ind AS and try to identify the relevant concept and
as main key word is BOLD it might be easy to identify the
Topic.
3. After identifying the Topic then see in which module the
same is there M-1, 2, 3, 4 or 5 and see the same
mentioned on the Top of page and mark the page number
mentioned alongside.

Note!! – Get yourself comfortable by using/reading the

Topics in the particular chapter again and again, so that in
exam you would know what are the topics or main key word
in that particular chapter.

Before exam day, see the sequence of topics again.

Join YouTube Channel – Ultimate CA Warrior for the

detailed explanation – How to use the Index.

Feel free to reach out for queries on any platform!!

Telegram | LinkedIn – CA Vinay Kumar

 FR Concept Ind AS wise (A-Z) Index
Introduction to Ind AS
Topic Nov-24 May-25 Heading
About Indian Accounting Standards 1.13 1.14 9.1
Application of Ind AS to non-finance companies whose parent / subsidiary or associate or joint venture 10.2.1
1.29 1.31
is a NBFC
Consistent Application of Ind AS 1.21 1.22 10.1.1 (3)
Convergence vs Adoption of IFRS 1.10 1.11 7
Definition - Net Worth 1.21 1.22 10.1.2
Division II to Schedule III - Guidance Note - Companies Act 1.34 1.36 13
DIVISION II TO SCHEDULE III FORMAT - Applicability 1.33 1.36 12.2
DIVISION II TO SCHEDULE III FORMAT- Introduction 1.33 1.35 12.1
Emergence of Global Accounting Standards 1.7 1.7 4
Format of Division II to Schedule III to the Companies Act — Structure 1.33 1.35 12
Global Accounting Standards - Benefits 1.10 1.10 6
How Ind AS have been numbered 1.15 1.16 9.2
How Ind AS have been structured 1.16 1.17 9.3
Ind AS - components 1.16 1.17 9.3
Ind AS applicability 1.20 1.21 10.1.1 (2)
Ind AS Applicability for Indian Group Companies 1.21 1.22 10.1.1 (4)
Ind AS Applicability for Overseas Group Companies 1.21 1.22 10.1.1 (5)
Ind AS Applicability for Standalone and Consolidated Financial Statements 1.21 1.22 10.1.1 (6)
Ind AS relevant Statutory Provisions 1.31 1.33 11
Ind AS Roadmap for applicability of Ind AS 1.18 1.19 10
Ind AS Roadmap for Banking and Insurance Companies 1.30 1.32 10.3
Ind AS Roadmap For Listed Entities 1.18 1.19 10.1
Ind AS Roadmap For Listed Entities - Phase I 1.18 1.19 10.1
Ind AS Roadmap For Listed Entities - Phase II 1.19 1.20 10.1
Ind AS Roadmap for Mutual Funds 1.30 1.32 10.4
Ind AS Roadmap for Non -Banking Financial Companies (NBFC) - Phase I 1.27 1.28 10.2
Ind AS Roadmap for Non -Banking Financial Companies (NBFC) - Phase II 1.28 1.29 10.2
Ind-AS setting process 1.11 1.12 8
Indian Scenario prior to introduction of Ind AS in India 1.4 1.4 2
Limitations of Accounting Standards 1.7 1.7 3
Need for Global Accounting standards in India 1.9 1.9 5
Net Worth - Calculation 1.21 1.22 10.1.2
Net Worth - Clarification on calculation for NBFC 1.28 1.30 10.2.1
Process of development and finalisation of Indian Accounting Standards 1.11 1.12 8
Relevant SEBI Rules and Regulations 1.32 1.34 11.2
Relevant Sections referring to Ind AS in the Companies Act, 2013 and Rules 1.31 1.33 11.1
Transition - Comparative Financial Information 1.20 1.21 10.1.1 (1)
Transition - Key Matters 1.20 1.21 10.1.1
Transition from AS to Ind AS 1.12 1.13 9

By CA Vinay Kumar YT - Ultimate CA Warrior 1

 FR Concept Ind AS wise (A-Z) Index
Conceptual framework
Topic Nov-24 May-25 Heading
Aggregation (baisc principles) 2.63 2.64 8.3
Aspects which are common to assets and liabilities 2.28 2.29 5.4
Aspects which are common to assets and liabilities - Executory contracts 2.29 2.30 5.4.2
Aspects which are common to assets and liabilities - Substance of contractual rights and contractual 5.4.3
2.29 2.30
obligations
Aspects which are common to assets and liabilities - Unit of account 2.28 2.29 5.4.1
Capital - Financial and Physical 2.66 2.67 9.1
Capital maintenance adjustments 2.67 2.68 9.3
Capital maintenance and the determination of profit 2.66 2.67 9.2
Classification - Profit or loss and other comprehensive income (baisc principles) 2.62 2.64 8.2.5
Classification (baisc principles) 2.61 2.62 8.2
Classification of assets and liabilities (baisc principles) 2.61 2.63 8.2.1
Classification of equity (baisc principles) 2.62 2.63 8.2.3
Classification of income and expenses (baisc principles) 2.62 2.63 8.2.4
Concepts of Capital and Capital Maintenance - Unit 9 2.66 2.67
Definition - Asset 2.21 2.21 5.2
Definition - asset - Right - Contract, legislation or similar means 2.22 2.22 5.2.1.2
Definition - asset - Right - Contract, legislation or similar means - Not all of an entity’s rights are assets of 5.2.1.2
that entity — to be assets of the entity, the rights must have the potential to produce for the entity
2.22 2.22
economic benefits beyond those available to all other
parties.
Definition - asset - Control 2.24 2.24 5.2.3
Definition - asset - Control - Principal-agent relationship - control exist 2.25 2.25 5.2.3
Definition - asset - Potential to produce economic benefits - Role of probability, timing and expenditure 5.2.2
2.23 2.23
Definition - asset - Right 2.21 2.21 5.2.1
Definition - asset - Right - Obligation of another party 2.21 2.21 5.2.1.1
Definition - asset - Right - Obligation of another party - cases when a right exists even when no other 5.2.1.1
2.22 2.22
party has any obligation towards the entity. For example -
Definition - equity 2.30 2.31 5.5
Definition - income and expenses 2.30 2.31 5.6
Definition - liability 2.25 2.25 5.3
Definition - liability - Duty to transfer an economic resource, that is conditional on an action that an entity 5.3.1
2.26 2.26
itself may choose to take
Definition - liability - Obligation 2.26 2.26 5.3.1
Definition - liability - Present obligation as a result of past events 2.27 2.28 5.3.3
Definition - liability - Transfer of an economic resource 2.26 2.27 5.3.2
Derecognition - Asset/Liability 2.38 2.38 6.3
Elements of Financial Statements - Unit 5 2.20 2.20
Faithful representation 2.36 2.36 6.2.2
Faithful representation - Measurement uncertainty 2.36 2.36 6.2.2.1
Faithful representation - Measurement uncertainty - level of measurement uncertainty may be so high if, 6.2.2.1
for example, only way of estimating that measure of the asset or liability is by using cash-flow-based 2.36 2.36
measurement techniques and, in addition, one or more of the following circumstances exists:
Faithful representation - Other factors 2.36 2.37 6.2.2.2
Financial capital maintenance 2.67 2.68 9.2
Financial statements - Going concern assumption 2.17 2.17 4.1.3
Financial statements - Information about possible future transactions and other possible future events 4.1.1
2.17 2.17
(forward-looking information) is included in financial statements if it:
Financial statements - Objective and scope of financial statements 2.16 2.16 4.1
Financial statements - Perspective adopted in financial statements 2.17 2.17 4.1.2
Financial statements - Reporting period 2.17 2.17 4.1.1

By CA Vinay Kumar YT - Ultimate CA Warrior 2

 FR Concept Ind AS wise (A-Z) Index
Conceptual framework
Topic Nov-24 May-25 Heading
Financial Statements and the Reporting Entity - Unit 4 2.16 2.16
General -purpose financial reporting - Information provided by general purpose financial reports 2.7 2.7 2.3
General -purpose financial reporting - Changes in economic resources and claims 2.8 2.8 2.3.2
General -purpose financial reporting - Changes in economic resources and claims not resulting from 2.3.2.3
2.9 2.9
financial performance
General -purpose financial reporting - Economic resources and claims 2.7 2.8 2.3.1
General -purpose financial reporting - Financial performance reflected by accrual accounting 2.8 2.8 2.3.2.1
General -purpose financial reporting - Financial performance reflected by past cash flows 2.8 2.9 2.3.2.2
General -purpose financial reporting - Objectives and usefulness 2.6 2.6 2.1
General-purpose financial reporting - Limitations 2.6 2.7 2.2
Link between information in general purpose financial reports as per conceptual framework and elements 5.1
2.20 2.20
of financial statements
Measurement bases - Assets - Balance Sheet 2.44 2.44 7.2.1.1
Measurement bases - Assets - Statement of profit and loss 2.44 2.44 7.2.1.2
Measurement bases - Current value 2.42 2.42 7.1.2
Measurement bases - Current value - Entry value – Current cost 2.43 2.43 7.1.2.2
Measurement bases - Current value - Exit value – Fair value and Value in use / Fulfilment value 2.42 2.42 7.1.2.1
Measurement bases - Factors for selection - Faithful representation - Certainty 2.51 2.51 7.3.2.2
Measurement bases - Factors for selection - asset should be derecognized when control of all, or part of 7.3.2.2
2.53 2.53
an asset is lost - Conceptual Framework
Measurement bases - Factors for selection - Faithful representation 2.50 2.50 7.3.2
Measurement bases - Factors for selection - Faithful representation - Consistency 2.50 2.50 7.3.2.1
Measurement bases - Factors for selection - Implications of enhancing qualitative characteristics for the 7.3.3
2.56 2.57
selection of measurement basis
Measurement bases - Factors for selection - Relevance 2.49 2.49 7.3.1
Measurement bases - Factors for selection - Relevance - Characteristics of the asset or liability 2.49 2.49 7.3.1.1
Measurement bases - Factors for selection - Relevance - Contribution to future cash flows 2.50 2.50 7.3.1.2
Measurement bases - Factors specific to initial measurement - Transactions not on market terms (or off- 7.4.2
2.58 2.58
market transactions)
Measurement bases - Factors specific to initial measurement - Transactions on market terms - Exchange 7.4.1
2.57 2.58
of asset or liability
Measurement bases - Factors specific to initial measurement - Transactions on market terms - 7.4.1
2.57 2.58
Transactions using currency (i.e. cash):
Measurement bases - Factors specific to initial measurement of an asset or a liability 2.57 2.57 7.4
Measurement bases - Factors to consider when selecting a measurement basis for initial recognition and 7.3
2.48 2.48
subsequent measurement of an asset or a liability
Measurement bases - Historical cost 2.41 2.41 7.1.1
Measurement bases - Information provided by particular measurement bases 2.43 2.43 7.2
Measurement bases - Liabilities - Balance Sheet 2.46 2.46 7.2.2.1
Measurement bases - Liabilities - Statement of profit and loss 2.46 2.46 7.2.2.2
Measurement bases of an asset or a liability 2.40 2.40 7.1
Measurement basis - Measurement of equity 2.60 2.60 7.6
Measurement basis - More than one 2.58 2.59 7.5
Objective of General Purpose Financial Reporting - Unit 2 2.6 2.6
Offsetting (baisc principles) 2.62 2.63 8.2.2
Physical capital maintenance: 2.67 2.68 9.2
Presentation and disclosure - objectives and principles 2.61 2.62 8.1
Presentation and Disclosure - Unit 8 2.61 2.62
Qualitative characteristics - Applying the enhancing qualitative characteristics 2.14 2.14 3.1.5
Qualitative characteristics - Applying the fundamental qualitative characteristics 2.12 2.12 3.1.3
Qualitative characteristics - Cost constraint on useful financial information 2.14 2.14 3.2
Qualitative characteristics - Enhancing qualitative characteristics 2.13 2.13 3.1.4

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 FR Concept Ind AS wise (A-Z) Index
Conceptual framework
Topic Nov-24 May-25 Heading
Qualitative characteristics - Faithful representation - Complete, Neutral and Free from error 2.11 2.11 3.1.2
Qualitative characteristics - Relevance - predictive and confirmatory value 2.10 2.10 3.1.1
Qualitative characteristics of useful financial information 2.10 2.10 3.1
Qualitative Characteristics of Useful Financial Information - Unit 3 2.10 2.10
Recognition and Derecognition - Unit 6 2.32 2.32
Recognition criteria 2.33 2.33 6.2
Recognition process 2.32 2.32 6.1
Relevance 2.34 2.34 6.2.1
Relevance - Existence uncertainty - uncertain whether an asset or liability exists 2.34 2.34 6.2.1.1
Relevance - Low probability of an inflow or outflow of economic benefits 2.35 2.35 6.2.1.2
Relevance - Low probability of an inflow or outflow of economic benefits - Even if the probability of an 6.2.1.2
inflow or outflow of economic benefits is low, recognition of the asset or liability may provide relevant 2.35 2.35
information beyond the information described above.
Reporting entity 2.18 2.18 4.2
Reporting entity - Consolidated and unconsolidated financial statements 2.18 2.18 4.2.1
Reporting entity - If the reporting entity is not a legal entity and does not comprise only legal entities 4.2
2.18 2.18
linked by a parent-subsidiary relationship, Boundary of reporting entity be determined?

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Ind AS 1 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Carve out in Ind AS 1 from IAS 3.66 3.66 1.1
Definitions 3.4 3.4 1.4
Definitions - components of Other Comprehensive Income 3.6 3.6 1.4 (11)
Definitions - Material 3.4 3.4 1.4 (5)
Definitions - Reclassification adjustments 3.5 3.5 1.4 (9)
Financial statements - Accrual basis of accounting 3.17 3.17 1.7.3
Financial statements - Additional comparative information 3.21 3.21 1.7.7.2
Financial statements - Capital 3.54 3.55 1.8.6.4
Financial statements - Capital - Capital Allocation Policy 3.55 3.56 Ex -16
Financial statements - Capital - Group’s capital management 3.54 3.55 Ex -15
Financial statements - Capital - groups’ objective when managing capital are to: 3.55 3.56 Ex -17
Financial statements - Change in accounting policy, retrospective restatement or reclassification 3.21 3.22 1.7.7.3
Financial statements - Comparative information 3.20 3.20 1.7.7
Financial statements - Complete set 3.7 3.8 1.6
Financial statements - Consistency of presentation 3.22 3.23 1.7.8
Financial statements - Current Assets 3.26 3.27 1.8.2.2
Financial statements - Current Liabilities 3.30 3.31 1.8.2.4
Financial statements - Departure from the Requirements of an Ind AS — Whether Permissible ? 3.11 3.11 1.7.1.3
Financial statements - Disclosure of accounting policies 3.53 3.53 1.8.6.2
Financial statements - Disclosure of accounting policies - entity is likely to consider accounting policy 1.8.6.2
information material to its financial statements if that information relates to material transactions, other 3.53 3.53
events or conditions and:
Financial statements - Distinction between Current / Non-current 3.25 3.26 1.8.2.1
Financial statements - Frequency of reporting 3.19 3.20 1.7.6
Financial statements - General features 3.10 3.10 1.7
Financial statements - General features - explicit and unreserved statement 3.10 3.10 1.7.1.1
Financial statements - General features - In virtually all circumstances, presentation of a true and fair view 1.7.1.1
is achieved by compliance with applicable Ind AS. Presentation of a true and fair view also requires an 3.11 3.11
entity
Financial statements - General features - Inappropriate Accounting Policies 3.11 3.11 1.7.1.2
Financial statements - General features - Presentation of True and Fair View and compliance with Ind AS 1.7.1
3.10 3.10
Financial statements - Going concern 3.14 3.14 1.7.2
Financial statements - Going concern - neither allinclusive nor does the existence of one or more of the 1.7.2
3.14 3.14
items always signify that a material uncertainty exists :
Financial statements - Identification of Financial Statements 3.23 3.23 1.8.1
Financial statements - Illustrated format of Balance Sheet 3.38 3.39 1.8.2.5
Financial statements - Illustrative format of other Comprehensive Income 3.47 3.48 1.8.3.4
Financial statements - Illustrative format of Statement of Profit and Loss (only profit or loss section of 1.8.3.3
3.43 3.44
statement of profit and loss)
Financial statements - Information to be presented in the Other Comprehensive Income section 3.42 3.43 1.8.3.2
Financial statements - Information to be presented in the profit or loss section of the Statement of Profit 1.8.3.1
3.41 3.42
and Loss
Financial statements - Information to be presented in the statement of changes in equity or in the notes. 1.8.4.1
3.50 3.51
Financial statements - Information to be presented in the Statement of Profit and Loss or in Notes 3.48 3.49 1.8.3.5
Financial statements - Information to be provided in the Balance Sheet or in the notes 3.37 3.38 1.8.2.5
Financial statements - Management concludes that compliance with a requirement in an Ind AS would be 1.7.1.3
so misleading that it would conflict with the objective of financial statements set out in the Conceptual
Framework , but the relevant regulatory framework prohibits departure from the requirement, the 3.12 3.12
entity shall to the maximum extent possible, reduce the perceived misleading aspects of compliance by
disclosing :

By CA Vinay Kumar YT - Ultimate CA Warrior 5

 FR Concept Ind AS wise (A-Z) Index
Ind AS 1
Topic Nov-24 May-25 Heading
Financial statements - Materiality and aggregation 3.17 3.17 1.7.4
Financial statements - Minimum comparative information 3.20 3.20 1.7.7.1
Financial statements - Offsetting 3.18 3.18 1.7.5
Financial statements - Operating Cycle 3.27 3.28 1.8.2.3
Financial statements - Other comprehensive income for the period 3.44 3.45 1.8.3.4
Financial statements - Other disclosures 3.57 3.57 1.8.6.6
Financial statements - Presentation of True and Fair View and compliance with Ind AS - Summary 3.13 3.13 1.7.1.3
Financial statements - Profit or loss for the period 3.43 3.44 1.8.3.3
Financial statements - Purpose 3.7 3.7 1.5
Financial statements - Puttable financial instruments classified as equity - entity shall disclose (to the 1.8.6.5
3.56 3.57
extent not disclosed elsewhere):
Financial statements - Sources of estimation uncertainty 3.54 3.54 1.8.6.3
Financial statements - Structure and content 3.23 3.23 1.8
Financial statements - Structure and content - Balance sheet 3.24 3.24 1.8.2
Financial statements - Structure and content - Balance sheet - present assets and liabilities in increasing or 1.8.2.1
3.25 3.26
decreasing order of liquidity
Financial statements - Structure and content - Notes 3.52 3.52 1.8.6
Financial statements - Structure and content - Notes - systematic ordering or grouping of the notes 1.8.6
3.52 3.53
include
Financial statements - Structure and content - rounded off 3.23 3.24 1.8.1
Financial statements - Structure and content - Statement of cash flows 3.51 3.52 1.8.5
Financial statements - Structure and content - Statement of changes in equity 3.49 3.50 1.8.4
Financial statements - Structure and content - Statement of profit and loss 3.41 3.42 1.8.3
Financial statements - When an entity departs from a requirement of an Ind AS, it shall disclose : 3.11 3.11 1.7.1.3
Financial statements - When assessing whether complying with a specific requirement in an Ind AS would
be so misleading that it would conflict with the objective of financial statements set out in the 3.12 3.12 1.7.1.3
Framework, management considers :
Objective 3.3 3.3 1.2
Scope 3.3 3.3 1.3
Significant differences in Ind AS 1 vis-à-vis AS 3.62 3.62 1.9

By CA Vinay Kumar YT - Ultimate CA Warrior 6

 FR Concept Ind AS wise (A-Z) Index
Ind AS 2
Topic Nov-24 May-25 Heading
Allocation of cost to joint products and by-products 6.15 5.15 5
Cost Formulas 6.19 5.19 8
Cost of agricultural produce harvested from biological assets 6.17 5.17 6
Cost of conversion 6.8 5.8 3
Cost of Inventories 6.6 5.6 1
Cost of purchase 6.6 5.6 2
Definitions 6.4 5.4 1.3
Definitions - Inventories 6.4 5.4 1.3
Definitions - Net realisable value 6.5 5.5 1.3
Difference - Net Realisable Value (NRV) and Fair Value (FV) 6.5 5.6 Diff
Disclosure 6.30 5.32 1.6
Extracts of financial Statements of listed entity 6.31 5.33 1.7
Inventory not ordinarily interchangeable 6.20 5.20 9
Inventory ordinarily interchangeable 6.20 5.20 10
Measurement of Inventories 6.6 5.6 1.4
Net realisable value 6.23 5.24 11
Objective 6.3 5.2 1.1
Other costs 6.11 5.11 4
Recognition as an expense 6.29 5.31 1.5
Retail Method: Techniques for the measurement of cost 6.17 5.18 7
Reversals of write-downs 6.28 5.30 11
Scope 6.3 5.3 1.2
Significant differences in Ind AS 2 vis-à-vis AS 6.34 5.36 1.8
Standard Cost Method: Techniques for the measurement of cost 6.17 5.17 7
Techniques for the measurement of cost 6.17 5.17 7
Writing inventories down to net realisable value 6.26 5.28 11

By CA Vinay Kumar YT - Ultimate CA Warrior 7

 FR Concept Ind AS wise (A-Z) Index
Ind AS 7
Topic Nov-24 May-25 Heading
Cash and cash equivalents - Components 3.140 3.133 3.18
Cash and Cash Equivalents - Purpose, Known amount of cash, Liquidity and Risk, Equity investments, Bank 3.7
3.117 3.108
borrowings and Cash Management
Cash flow information - Assess and compare the present value of future cash flows 3.116 3.106 3.4.3
Cash flow information - Assesses the ability to manage the cash 3.115 3.106 3.4.2
Cash flow information - Benefits 3.115 3.106 3.4
Cash flow information - Compares the efficiency of different entities 3.116 3.106 3.4.4
Cash flow information - Provides information enabling evaluation of changes in net assets and financial 3.4.1
3.115 3.106
structure (Liquidity and solvency)
Certain Specific Issues - Profit/ Loss on Sale of Assets 3.121 3.112 3.8.1.1
Certain Specific Issues - Properties built for let out 3.121 3.112 3.8.1.1
Changes in liabilities arising from financing activities 3.139 3.132 3.17.1
Changes in ownerships interests - Classification of cash flows as financing activités - Statement of Cash 3.16.2
3.137 3.130
Flow
Changes in ownerships interests - Classification of cash flows as investing activity - Statement of Cash 3.16.1
3.136 3.129
Flow
Changes in ownerships interests in subsidiaries and other businesses - Statement of Cash Flow 3.136 3.129 3.16
Definitions 3.116 3.107 3.6
Extracts of financial statements of listed entity 3.149 3.143 3.2
Financing activities 3.124 3.115 3.8.3
Foreign currency cash flows 3.132 3.124 3.12
Interest and dividends - Statement of Cash Flow 3.133 3.126 3.13
Investing activities 3.121 3.113 3.8.2
Investments in subsidiaries, associates and joint ventures - Statement of Cash Flow 3.136 3.129 3.15
Meaning of statement of cash flows 3.113 3.103 3.2
Non-cash transactions - Statement of Cash Flow 3.138 3.132 3.17
Objective 3.114 3.105 3.3
Operating activities 3.119 3.110 3.8.1
Other disclosures 3.141 3.135 3.19
Presentation of Statement of cash flows 3.119 3.109 3.8
Reporting cash flows from investing and financing activities 3.130 3.122 3.1
Reporting cash flows from operating activities 3.126 3.118 3.9
Reporting cash flows on a net basis 3.131 3.123 3.11
Scope 3.116 3.107 3.5
Significant differences in Ind AS 7 vis-à-vis AS 3.152 3.146 3.21
Taxes on income - Statement of Cash Flow 3.135 3.127 3.14
Treatment of foreign exchange differences arising from unsettled transactions relating to operating 3.12.1
3.132 3.124
activities

By CA Vinay Kumar YT - Ultimate CA Warrior 8

 FR Concept Ind AS wise (A-Z) Index
Ind AS 8
Topic Nov-24 May-25 Heading
Accounting estimates - Accounting treatment for applying changes in accounting estimates 4.27 4.30 1.6.4
Accounting estimates - Can changes in estimates be related to prior periods 4.26 4.29 1.6.2
Accounting estimates - Change in accounting estimates 4.25 4.28 1.6
Accounting estimates - Change in accounting estimates - Meaning 4.25 4.28 1.6.1
Accounting estimates - Change in the basis of measurement — Whether a change in accounting policy or 1.6.3
4.26 4.29
change in estimate
Accounting estimates - Disclosure of changes in estimates 4.29 4.32 1.6.5
Accounting policies 4.8 4.8 1.5
Accounting policies - allows the entity to change the accounting policy only in following circumstances 4.13 4.14 1.5.5
Accounting policies - Changes in accounting policies 4.12 4.13 1.5.5
Accounting policies - Consistency of accounting policies 4.11 4.12 1.5.4
Accounting policies - decides to change the above accounting policy. FIFO cost formula 4.18 4.20 Ex-7
Accounting policies - Disclosure regarding the Changes in Accounting Policies - initial application 4.23 4.25 1.5.6
Accounting policies - Disclosure regarding the Changes in Accounting Policies - not applied a new Ind AS 1.5.6
4.24 4.26
that has been issued but is not yet effective
Accounting policies - Disclosure regarding the Changes in Accounting Policies - voluntary change in 1.5.6
4.23 4.26
accounting policy
Accounting policies - How to apply the changes in accounting policies ? 4.15 4.18 1.5.5.1
Accounting policies - How to select and apply an accounting policy when specific Ind AS is not available 1.5.3
4.9 4.9
on the particular transaction/condition/ event
Accounting policies - Is it Compulsory to follow the accounting policies 4.8 4.9 1.5.2
Accounting policies - Limitations on retrospective application 4.19 4.21 1.5.5.3
Accounting policies - main two objectives to be kept in mind while making the decision for selecting an 1.5.3
4.10 4.10
accounting policy would be:
Accounting policies - not changes in accounting policies: 4.13 4.14 1.5.5
Accounting policies - Retrospective application 4.18 4.19 1.5.5.2
Accounting policies - Selection and application of accounting policies 4.8 4.8 1.5.1
Definitions 4.5 4.6 1.4
Definitions - Accounting estimates 4.5 4.6 1.4 (2)
Definitions - Accounting policies 4.5 4.6 1.4 (1)
Definitions - Impracticable 4.7 4.7 1.4 (8)
Definitions - Prior period errors 4.7 4.7 1.4 (5)
Definitions - Prospective application 4.7 4.8 1.4 (9)
Errors 4.29 4.33 1.7
Errors - Balance sheet and Stt of profit and loss is presented after correction of prior period errors 4.32 4.35 1.7.3.3
Errors - Common types of errors 4.30 4.33 1.7.2
Errors - Disclosure of prior period errors 4.36 4.39 1.8
Errors - Error discovered relates to period before the earliest comparative prior period presented: 4.33 4.36 1.7.3 (2)
Errors - Error discovered relates to the comparative prior period presented: 4.33 4.36 1.7.3 (1)
Errors - Limitations on retrospective restatement 4.35 4.38 1.7.4
Errors - Meaning 4.29 4.33 1.7.1
Errors - Potential errors of current period 4.31 4.34 1.7.3.1
Errors - Prior period errors discovered subsequently 4.31 4.35 1.7.3.2
Errors - Treatment of errors 4.30 4.34 1.7.3
Impracticability in respect of retrospective application and retrospective restatement 4.36 4.40 1.9
Objective - To prescribe accounting treatment & disclosure of changes in accounting estimates 4.4 4.4 1.2.3
Objective - To prescribe accounting treatment & disclosure of changes in accounting policies 4.4 4.4 1.2.2
Objective - To prescribe accounting treatment & disclosure of corrections of errors 4.4 4.4 1.2.4
Objective - To prescribe the criteria for selecting and changing accounting policies 4.3 4.3 1.2.1
Objective - To provide better base of inter-firm and intra-firm comparison 4.4 4.5 1.2.5
Scope 4.5 4.5 1.3
Significant differences in Ind AS 8 and AS 4.37 4.41 1.1
By CA Vinay Kumar YT - Ultimate CA Warrior 9
Ind AS 10 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Carve Out - breach of a material provision of a long-term loan 4.60 4.58 Carve
Carve out in Ind AS 10 from IAS 4.79 4.79 2.14
Definitions and explanations 4.54 4.53 2.4
Distribution of non cash assets to owners 4.74 4.73 2.11
Distribution of non cash assets to owners - Applicability 4.75 4.74 2.11.1
Distribution of non cash assets to owners - Non-applicability 4.75 4.74 2.11.2
Dividend payable - Accounting principles enunciated by Appendix A to Ind As 4.76 4.75 2.11.4
Dividend payable - Issues addressed by Appendix A to AS 4.76 4.75 2.11.3
Dividend payable - Measurement 4.76 4.75 2.11.4.2
Dividend payable - Presentation and disclosures 4.77 4.76 2.11.4.3
Dividend payable - When to recognise 4.76 4.75 2.11.4.1
Events after the Reporting Period 4.55 4.53 2.4.1
Events after the Reporting Period - Adjusting Events 4.59 4.57 2.5 (i)
Events after the Reporting Period - Adjusting events - Recognition & measurement of adjusting events 4.60 4.59 2.6
Events after the Reporting Period - Adjusting events after the reporting period - Examples 4.60 4.58 2.6
Events after the Reporting Period - Approval of Financial Statements - company & other 4.55 4.53 2.4.2
Events after the Reporting Period - Disclosure - Date of approval for issue 4.71 4.70 2.10.1
Events after the Reporting Period - Disclosure - Disclosure of Non-adjusting events after the reporting 2.10.3
4.72 4.71
period
Events after the Reporting Period - Disclosure - non-adjusting events after the reporting period generally 2.10.3
4.72 4.71
resulting in disclosure - Examples
Events after the Reporting Period - Disclosure - Updating disclosure about conditions at the end of the 2.10.2
4.71 4.70
reporting period
Events after the Reporting Period - Disclosure required under Ind AS 4.71 4.70 2.1
Events after the Reporting Period - Dividends 4.70 4.68 2.9
Events after the Reporting Period - Going concern 4.67 4.66 2.8.2
Events after the Reporting Period - Long-term Loan Arrangements 4.66 4.65 2.8.1
Events after the Reporting Period - Non Adjusting Events 4.59 4.57 2.5 (ii)
Events after the Reporting Period - Non-Adjusting events - Accounting treatment and disclosure of Non- 2.7
4.65 4.64
adjusting events after the reporting period
Events after the Reporting Period - Non-Adjusting events - bankruptcy of a customer 4.61 4.59 2.6 (b) (i)
Events after the Reporting Period - Non-Adjusting events - determination after the reporting period of the 2.6 (d)
4.65 4.63
amount of profit-sharing or bonus payments
Events after the Reporting Period - Non-Adjusting events - determination after the reporting period of the 2.6 (c)
4.64 4.62
cost of assets purchased, or the proceeds from assets sold
Events after the Reporting Period - Non-Adjusting events - discovery of fraud or errors that show that the 2.6 (e)
4.65 4.64
financial statements are incorrect .
Events after the Reporting Period - Non-Adjusting events - receipt of information after the reporting 2.6 (b)
4.61 4.59
period indicating that an asset was impaired
Events after the Reporting Period - Non-Adjusting events - sale of inventories after the reporting period 2.6 (b) (ii)
4.63 4.61
may give evidence about their net realisable value
Events after the Reporting Period - Non-Adjusting events - settlement after the reporting period of a 2.6 (a)
4.61 4.59
court case
Events after the Reporting Period - Should the company report only unfavourable events 4.59 4.57 2.4.4
Events after the Reporting Period - Special cases 4.66 4.65 2.8
Events after the Reporting Period - Type of Events 4.59 4.57 2.5
Events after the Reporting Period - When date of approval is after the public announcement of some 2.4.3
4.57 4.55
other financial information
Extracts of financial statements of listed entity 4.77 4.77 2.12
Objective 4.53 4.51 2.2
Scope 4.54 4.52 2.3
Significant differences between Ind AS 10 and AS 4.78 4.78 2.13

By CA Vinay Kumar YT - Ultimate CA Warrior 10

 FR Concept Ind AS wise (A-Z) Index
Ind AS 12
Topic Nov-24 May-25 Heading
Change in tax status of an entity or its shareholders 9.59 7.65 1.7.3
Current and deferred tax arising from Share based payment transactions 9.58 7.63 1.7.2
Current tax 9.10 7.11 1.5.1
Current tax - Accounting of current tax effects 9.12 7.13 1.5.4
Current tax - Enacted or substantive enacted 9.11 7.12 1.5.3 (c)
Current tax - Measurement 9.11 7.11 1.5.3
Current tax - Offsetting current tax assets and current tax liabilities 9.12 7.13 1.5.5
Current tax - Uncertain tax position interpretations 9.11 7.11 1.5.3 (b)
Current tax assets - Recognition 9.11 7.11 1.5.2
Current tax liability - Recognition 9.10 7.11 1.5.2
Current tax , its recognition, measurement and presentation - Part B 9.10 7.11 1.5
Deferred tax - Asset (DTA) - entity has a history of recent losses , the entity should consider the following 1.6.6 (3)(g)
9.47 7.51
guidance
Deferred tax - Asset (DTA) - Availability of tax planning opportunities 9.46 7.50 1.6.6 (3)
Deferred tax - Asset (DTA) - Existence of taxable temporary differences 9.44 7.48 1.6.6 (1)
Deferred tax - Asset (DTA) - Ind AS 12 V/s AS 22 9.48 7.53 1.6.6 (3)
Deferred tax - Asset (DTA) - Probability of future profits 9.45 7.49 1.6.6 (2)
Deferred tax - Asset (DTA) - Reassessment of unrecognised Deferred Tax Assets: 9.47 7.52 1.6.6 (3)(h)
Deferred tax - Asset (DTA) - Uncertainty over income tax treatment 9.48 7.52 1.6.6 (3)(i)
Deferred tax - Asset (DTA) - Unused tax losses and unused tax credits: 9.46 7.51 1.6.6 (3)(f)
Deferred tax - Exception - Deferred tax asset 9.33 7.36 (B)
Deferred tax - Exception - Deferred tax liability 9.33 7.35 (A)
Deferred tax - Exception - initial recognition of an asset or liability in a transaction which: (i) is not a 1.6.5 (2)
business combination ; and (ii) at the time of the transaction, affects neither accounting profit nor 9.38 7.41
taxable profit (tax loss)
Deferred tax - Exception - initial recognition of goodwill in the case of a business combination 9.35 7.38 1.6.5 (1)
Deferred tax - Exception - initial recognition of goodwill in the case of a business combination - Where it 1.6.5 (1) A1
is not tax deductible - Subsequently at the time of impairment , if required, in the carrying amount: 9.37 7.40 (b)

Deferred tax - Exception - initial recognition of goodwill in the case of a business combination - Where it 1.6.5 (1) A1
9.36 7.39
is not tax deductible - time of initial recognition of goodwill: (a)
Deferred tax - Exception - initial recognition of goodwill in the case of a business combination - Where it 1.6.5 (1) A2
9.37 7.40
is tax deductible
Deferred tax - Exception - initial recognition of goodwill in the case of a business combination - where 1.6.5 (1) B
9.37 7.41
the difference is in the nature of deductible difference
Deferred tax - Exception - Temporary differences associated with investments in subsidiaries, branches 1.6.5 (3)
9.39 7.43
and associates, and interests in joint ventures
Deferred tax - its recognition, measurement and presentation - Part C 9.17 7.18 1.6
Deferred tax - Step 1: Compute carrying amount 9.17 7.18 1.6.1
Deferred tax - Step 10: Offsetting deferred tax assets and deferred tax liabilities 9.55 7.59 1.6.10
Deferred tax - Step 2: Compute tax base 9.18 7.19 1.6.2
Deferred tax - Step 3: Compute temporary differences 9.25 7.26 1.6.3
Deferred tax - Step 4: Classify temporary differences 9.28 7.30 1.6.4
Deferred tax - Step 5: Identity exceptions 9.35 7.38 1.6.5
Deferred tax - Step 6: Assess (also reassess) deductible temporary differences, tax losses and tax credits 1.6.6
9.42 7.46
Deferred tax - Step 7: Determine the tax rate (law ) 9.49 7.54 1.6.7
Deferred tax - Step 8: Calculate and recognize deferred tax 9.52 7.57 1.6.8
Deferred tax - Step 9: Accounting of deferred tax 9.53 7.58 1.6.9
Deferred tax - Step 9: Accounting of deferred tax - carrying amount of deferred tax assets and liabilities 1.6.9 (c)
9.53 7.58
may change even though there is no change in amount of related temporary differences

By CA Vinay Kumar YT - Ultimate CA Warrior 11

 FR Concept Ind AS wise (A-Z) Index
Ind AS 12
Topic Nov-24 May-25 Heading
Deferred tax - Step 9: Accounting of deferred tax - Ind AS 16 does not specify whether an entity should 1.6.9 (e)
transfer each year from revaluation surplus to retained earnings an amount equal to the difference
9.53 7.59
between the depreciation or amortisation on a revalued asset and the depreciation or amortisation based
on the cost of that asset.
Deferred tax - Tax Base - Asset 9.18 7.19 1.6.2 (i)
Deferred tax - Tax Base - Items of assets and liabilities where tax base is not apparent 9.21 7.22 1.6.2 (iv)
Deferred tax - Tax Base - Items with a tax base but no carrying amount 9.21 7.22 1.6.2 (iii)
Deferred tax - Tax Base - Liability 9.20 7.21 1.6.2 (ii)
Deferred tax arising from a business combination 9.55 7.61 1.7.1
Definitions 9.9 7.9 1.3
Disclosure 1: Disclose components of tax expenses (Income) 9.60 7.66 1.8.1
Disclosure 10: Dividend tax 9.72 7.78 1.8.10
Disclosure 11: In case of business combination 9.72 7.78 1.8.11
Disclosure 12: Deferred tax asset and evidence thereto where based on future taxable profits 9.72 7.78 1.8.12
Disclosure 13: Tax consequences of distribution of dividend 9.73 7.79 1.8.13
Disclosure 14: Tax related contingencies 9.73 7.80 1.8.14
Disclosure 15: Change in tax rates or tax laws 9.74 7.80 1.8.15
Disclosure 2: Tax related to items charged directly to equity 9.61 7.67 1.8.2
Disclosure 3: Tax related to items recognized in statement of other comprehensive income 9.62 7.68 1.8.3
Disclosure 4: Explanation of the relationship between Tax expense (income) & accounting profit 9.62 7.68 1.8.4
Disclosure 5: Change in tax rates 9.68 7.74 1.8.5
Disclosure 6: Unrecognized deductible temporary differences, unused tax losses and unused tax credits 1.8.6
9.68 7.74

Disclosure 7: Temporary differences associated with investments in subsidiaries etc 9.70 7.76 1.8.7
Disclosure 8: Amount of deferred tax liabilities (assets) or income (expenses) 9.71 7.77 1.8.8
Disclosure 9: Discontinued operations 9.72 7.78 1.8.9
Disclosures - Part E 9.60 7.66 1.8
Objective 9.4 7.4 1.1
Practical application - Part D 9.55 7.61 1.7
Scope 9.6 7.6 1.2
Significant changes in Ind AS 12 vis-à-vis AS 9.79 7.85 1.9
Tax expense (Tax Income) - Part A 9.10 7.1 1.4

By CA Vinay Kumar YT - Ultimate CA Warrior 12

Ind AS 16 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Alternative base available for measurement after recognition 6.59 5.60 2.6.1
Carve Out in Ind AS 16 vis-à-vis IAS 6.86 5.88 2.12
Cessation of capitalisation 6.54 5.55 2.5.2.5
Changes in existing decommissioning , restoration and similar liabilities (Appendix A) 6.79 5.81 2.9
Component of cost - PPE 6.51 5.52 2.5.2.1.1
Cost Model 6.59 5.60 2.6.2
Cost of an acquired asset - PPE 6.51 5.52 2.5.2.1
Cost of dismantling , removal and site restoration 6.53 5.54 2.5.2.3
Cost of self-constructed asset and Bearer Plants 6.53 5.54 2.5.2.2
Costs are not included in carrying amount of an item of property, plant and equipment 6.54 5.55 2.5.2.5
Costs that are not costs of an item of property, plant and equipment 6.52 5.54 2.5.2.1.1
Decommissioning - Accounting Guidance in Appendix A to Ind AS 6.80 5.82 2.9.3
Decommissioning - adjusted depreciable amount 6.81 5.83 2.9.3
Decommissioning - asset is measured using the cost model : 6.80 5.82 2.9.3
Decommissioning - asset is measured using the revaluation model 6.80 5.82 2.9.3
Decommissioning - Issues addressed by Appendix A to Ind AS 6.79 5.81 2.9.2
Decommissioning - When to apply guidance in Appendix A to Ind AS 6.79 5.81 2.9.1
Definitions 6.45 5.46 2.3
Definitions - bearer plant 6.46 5.47 2.3
Definitions - Property, plant and equipment 6.45 5.46 2.3
Depreciation 6.64 5.66 2.6.4
Depreciation - Cessation 6.66 5.67 2.6.4.3
Depreciation - Commencement 6.66 5.67 2.6.4.2
Depreciation - Impact of an entity’s asset management policy 6.67 5.68 2.6.4.5
Depreciation - useful life - Factors affecting the useful life of an asset 6.66 5.68 2.6.4.4
Depreciation method 6.67 5.68 2.6.4.6
Derecognition 6.70 5.71 2.7
Derecognition-general 6.70 5.71 2.7.1
Directly attributable costs - examples 6.52 5.53 2.5.2.1.1
Disclosure 6.71 5.73 2.8
Disclosure - Additional recommended disclosure 6.73 5.75 2.8.3
Disclosure - Items stated at revalued amounts 6.73 5.74 2.8.2
Disclosure-general 6.71 5.73 2.8.1
Element of cost - PPE 6.51 5.52 2.5.2
Extracts of financial Statements of listed emily 6.83 5.86 2.1
Impairment 6.69 5.71 2.6.5
Impairment - Compensation for impairment 6.69 5.71 2.6.5.2
Impairment - Identification of an impairment loss 6.69 5.71 2.6.5.1
Incidental operations 6.54 5.55 2.5.2.4
Initial cost - PPE 6.48 5.49 2.4.4
Inspection Cost - PPE 6.50 5.51 Ex
Major inspections or overhauls - PPE 6.50 5.51 2.4.5.3
Measurement after Recognition 6.59 5.60 2.6
Measurement at cost - PPE 6.51 5.52 2.5.1
Measurement at Recognition - PPE 6.51 5.52 2.5
Measurement of cost 6.55 5.56 2.5.3
Measurement of PPE acquired in Exchange 6.57 5.58 2.5.3.2
Measurement of PPE acquired in Exchange - exchange transaction has commercial substance if: 6.57 5.58 2.5.3.2
Objective 6.45 5.46 2.1
Payment deferred beyond normal credit terms 6.55 5.56 2.5.3.1
Recognition 6.47 5.48 2.4
Recognition criteria - General 6.47 5.48 2.4.1

By CA Vinay Kumar YT - Ultimate CA Warrior 13

Ind AS 16 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Recognition of Spare parts , stand-by equipment and servicing equipment 6.48 5.49 2.4.2
Repair and maintenance - Subsequent Costs - PPE 6.49 5.50 2.4.5.1
Replacement of parts of a property, plant and equipment 6.49 5.50 2.4.5.2
Residual Value 6.65 5.66 2.6.4.1
Revaluation - Accumulated depreciation at the date of revaluation 6.60 5.61 2.6.3.2
Revaluation - Frequency 6.60 5.61 2.6.3.1
Revaluation - Revaluation to be made for entire class of assets 6.61 5.62 2.6.3.3
Revaluation - Treatment of surplus or deficit arising on revaluation 6.62 5.64 2.6.3.4
Revaluation model 6.59 5.60 2.6.3
Scope 6.45 5.46 2.2
Significant differences in Ind AS 16 vis-à-vis AS 6.85 5.88 2.11
Subsequent Costs - PPE 6.49 5.50 2.4.5
Unit of Measurement for recognition of PPE and Aggregation of individually insignificant items 6.48 5.49 2.4.3

By CA Vinay Kumar YT - Ultimate CA Warrior 14

Ind AS 19 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Accounting for the constructive obligation 8.35 6.39 1.8.2
Actuarial assumptions 8.46 6.51 1.9.3
Actuarial assumptions: mortality and discount rate 8.47 6.52 1.9.3.1
Actuarial assumptions: salaries, benefits and medical costs 8.48 6.53 1.9.3.2
Actuarial valuation method 8.38 6.42 1.9.1
Attributing benefit to periods of service 8.40 6.45 1.9.2
Classification - Under defined contribution plan 8.23 6.26 1.6.1.1
Classification of post-employment benefit plans into Defined Contribution Plan vs. Defined Benefit 1.6.1
8.23 6.25
Plans
Components of defined benefit costs 8.60 6.66 1.12.3
Components of defined benefit cost 8.53 6.59 1.11
Current/non-current distinction 8.60 6.66 1.12.2
Defined benefit asset/liability - Net interest on the net defined benefit liability ( asset 8.54 6.6 1.11.1
Defined benefit asset/liability - Remeasurements of the net defined benefit liability (asset 8.55 6.61 1.11.2
Defined benefit plans - Accounting for defined benefit plans 8.32 6.35 1.8
Defined benefit plans - Recognition and Measurement 8.33 6.36 1.8.1
Defined benefits plans that share risks between entities under common control 8.28 6.31 1.6.4
Defined contribution plans - Accounting 8.30 6.33 1.7
Defined contribution plans - Balance sheet 8.35 6.39 1.8.3
Defined contribution plans - Recognition and Measurement 8.30 6.33 1.7.1
Definitions 8.7 6.7 1.4
Definitions of employee benefits 8.7 6.7 1.4.1
Definitions relating to classification of plans 8.8 6.8 1.4.2
Definitions relating to defined benefit cost 8.10 6.11 1.4.4
Definitions relating to the net defined benefit liability (asset 8.9 6.9 1.4.3
Disclosure 8.60 6.67 1.13
Disclosure - Amount, timing and uncertainty of future cash flows 8.63 6.7 1.13.4
Disclosure - Characteristics of defined benefit plans and risks associated with them 8.60 6.67 1.13.2
Disclosure - Defined benefit plan that share risks between entities under common control 8.64 6.72 1.13.6
Disclosure - Defined contribution plans 8.31 6.34 1.7.2
Disclosure - Explanation of amounts in the financial statements 8.61 6.68 1.13.3
Disclosure - General 8.60 6.67 1.13.1
Disclosure - Multi-employer plans 8.63 6.71 1.13.5
Disclosure - Other long-term employee benefits 8.66 6.74 1.14.2
Disclosure - short-term employee benefits 8.22 6.24 1.5.4
Disclosure - Termination benefits 8.69 6.77 1.15.3
Disclosure requirements in other Ind AS 8.65 6.72 1.13.7
Employee Benefits include 8.5 6.5 1.3
Extracts of financial statements of listed entity 8.73 6.82 1.17
Group Administration plan 8.28 6.30 1.6.3
Insured benefits 8.29 6.32 1.6.6
Limit on a defined benefits asset , minimum funding requirements and their interaction 8.70 6.78 1.16
Limit on a defined benefits asset, minimum funding requirements and their interaction - Availability of a 1.16.4.1
8.71 6.79
refund or reduction in future contributions
Limit on a defined benefits asset, minimum funding requirements and their interaction - economic 1.16.4.3
8.72 6.80
benefit available as a contribution reduction
Limit on a defined benefits asset, minimum funding requirements and their interaction - economic 1.16.4.2
8.71 6.79
benefit available as a refund
Limit on a defined benefits asset, minimum funding requirements and their interaction - effect of a 1.16.4.4
minimum funding requirement on the economic benefit available as a reduction in future contributions 8.72 6.81

Limit on a defined benefits asset, minimum funding requirements and their interaction - Issues 8.70 6.78 1.16.3

By CA Vinay Kumar YT - Ultimate CA Warrior 15

 FR Concept Ind AS wise (A-Z) Index
Ind AS 19
Topic Nov-24 May-25 Heading
Limit on a defined benefits asset, minimum funding requirements and their interaction - Scope 8.70 6.78 1.16.2
Limit on a defined benefits asset, minimum funding requirements and their interaction - When a 1.16.4.6
8.73 6.82
minimum funding requirement may give rise to a liability
Limit on a defined benefits asset, minimum funding requirements and their interaction - Background 1.16.1
8.70 6.78
Limit on a defined benefits asset, minimum funding requirements and their interaction - Principles 8.71 6.79 1.16.4
Multi-employer plans 8.26 6.28 1.6.2
Objective of Ind AS 8.4 6.4 1.1
Offset 8.59 6.66 1.12.1
Other long-term employee benefits 8.65 6.73 1.14
Other long-term employee benefits - Recognition and Measurement 8.65 6.73 1.14.1
Past service cost and gains and losses on settlement 8.50 6.56 1.9.3.3
Plan Assets - Fair value of plan assets 8.52 6.58 1.10.1
Plan Assets - Recognition and Measurement 8.52 6.58 1.1
Plan Assets - Reimbursements 8.53 6.58 1.10.2
Post-employment benefits 8.23 6.25 1.6
Presentation 8.59 6.66 1.12
Profit sharing and Bonus plans 8.19 6.21 1.5.3
Recognition and measurement: Present value of defined benefit obligation & current service cost 8.38 6.42 1.9
Scope 8.5 6.5 1.2
Short term employee benefits 8.11 6.12 1.5
Short term employee benefits - Recognition and Measurement 8.12 6.13 1.5.1
Short term paid absences 8.12 6.13 1.5.2
Short term paid absences - Accumulating 8.12 6.14 1.5.2.1
Short term paid absences - Non-Accumulating 8.19 6.21 1.5.2.2
Significant differences in Ind AS 19 vis-à-vis AS 8.75 6.84 1.18
State plans 8.29 6.32 1.6.5
Steps involved in accounting by an entity for defined benefit plans 8.34 6.37 1.8.1.1
Termination benefits 8.66 6.74 1.15
Termination benefits - Measurement 8.68 6.76 1.15.2
Termination benefits - Recognition 8.67 6.75 1.15.1
Under defined benefit plans 8.24 6.26 1.6.1.2

By CA Vinay Kumar YT - Ultimate CA Warrior 16

Ind AS 20 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Applicability 7.32 10.34 2.2.1
Conditional grants received as part of a package of financial or fiscal aids 7.40 10.42 2.5.3
Definitions 7.32 10.35 2.3
Definitions - Government assistance 7.33 10.35 2.3 (2)
Definitions - Government grants 7.34 10.36 2.3 (3)
Disclosure - Governemnt Grant 7.47 10.49 2.9
Disclosure in the statement of cash flows - purchase of assets and the receipt of related grants 7.42 10.45 2.6.2
Extracts of financial statements of listed entities 7.48 10.50 2.1
Forgivable loan 7.36 10.39 2.4.1
Government assistance - No specific relation to operating activities 7.41 10.44 2.5.6
Government grant - Accounting 7.38 10.40 2.5
Government grant - Accounting - Capital approach 7.38 10.41 2.5
Government grant - Accounting - Income approach 7.38 10.41 2.5
Government grants - Recognition 7.35 10.37 2.4
Government grants - Whether receipts basis permissible 7.39 10.42 2.5.1
Grant for expenses or losses already incurred and grant as an immediate financial support 7.40 10.43 2.5.4
Grants related to non-depreciable assets 7.40 10.42 2.5.2
Loans at less than market rate of interest 7.36 10.39 2.4.2
Non-applicability 7.32 10.34 2.2.2
Non-monetary government grants 7.40 10.43 2.5.5
Presentation in the Balance Sheet 7.42 10.44 2.6.1
Presentation of grants related to assets 7.42 10.44 2.6
Presentation of grants related to income 7.43 10.46 2.7
Repayment of government grants 7.45 10.47 2.8
Scope 7.32 10.34 2.2
Significant differences between Ind AS 20 and AS 7.48 10.50 2.11

By CA Vinay Kumar YT - Ultimate CA Warrior 17

Ind AS 21 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Accounting for foreign currency transactions 9.102 7.105 2.4
Definitions 9.95 7.97 2.1
Difference in the reporting dates 9.111 7.114 2.7
Disclosures 9.118 7.122 2.12
Disposal or partial disposal of foreign operations 9.116 7.120 2.1
Dividends 9.115 7.119 2.8.1
Extracts of financial statements of listed entity 9.119 7.123 2.13
Full disposal of foreign operations 9.116 7.120 2.10.1
Functional currency 9.96 7.98 2.3
Functional currency - Additional factors - to determine whether its functional currency is the same as 2.3
9.97 7.99
that of the reporting entity of which it is a subsidiary
Functional currency - Change in functional currency 9.108 7.111 2.4.5
Functional currency - Primary indicators - determining an appropriate functional currency 9.97 7.99 2.3
Functional currency - Secondary indicators - determining an appropriate functional currency 9.97 7.99 2.3
Goodwill and fair value adjustments arising from a business combination 9.116 7.120 2.9
Initial recognition at the transaction date 9.102 7.105 2.4.1
Intra — group transactions 9.111 7.115 2.8
Monetary items - Recognition of foreign exchange gains and losses 9.105 7.108 2.4.4.1
Monetary Vs. Non- Monetary items 9.102 7.105 2.4.2
Net investment in a foreign operation - Recognition of foreign exchange gains and losses 9.106 7.109 2.4.4.3
Non-monetary items - Recognition of foreign exchange gains and losses 9.105 7.108 2.4.4.2
Objective 9.95 7.97 2.1
Partial disposal of foreign operations 9.117 7.121 2.10.2
Recognition of foreign exchange gains and losses 9.105 7.108 2.4.4
Scope 9.96 7.98 2.2
Significant differences in Ind AS 21 vis-à-vis AS 9.119 7.123 2.14
Subsequent recognition at the end of each reporting period 9.103 7.106 2.4.3
Tax effect of all exchange differences 9.117 7.122 2.11
Translation of foreign operations 9.110 7.114 2.6
Translation to the presentation currency 9.109 7.112 2.5.1
Use of presentation currency other than the Functional currency 9.109 7.112 2.5

By CA Vinay Kumar YT - Ultimate CA Warrior 18

Ind AS 23 & 24 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Borrowing costs - General 6.113 5.109 3.5.1.2
Borrowing costs - Other relevant concepts 6.120 5.117 3.8
Borrowing costs - Specific 6.111 5.108 3.5.1.1
Borrowing costs eligible for capitalisation 6.111 5.108 3.5.1
Capitalisation - Cessation 6.119 5.116 3.6.3
Capitalisation - Commencement 6.116 5.113 3.6.1
Capitalisation - Suspension 6.118 5.115 3.6.2
Capitalisation period 6.116 5.113 3.6
Capitalisation rate - Calculation 6.113 5.110 3.5.2
Capitalisation rate - Excess of the carrying amount over recoverable amount 6.116 5.113 3.5.4
Capitalisation rate - Expenditure to which capitalisation rate is applied 6.116 5.113 3.5.3
Capitalising borrowing cost in group financial statements 6.120 5.118 3.8.2
Cessation of capitalization for maturing inventories 6.121 5.118 3.8.3
Core principle 6.103 5.99 3.1
Definitions 6.104 5.100 3.3
Definitions - Qualifying asset 6.105 5.101 3.3 (2)
Disclosure - Borrowing costs 6.120 5.117 3.7
Dividends payable on shares classified as financial liabilities 6.120 5.117 3.8.1
Exchange difference to be included in borrowing costs 6.108 5.104 3.4
Extracts of financial statements of listed entity 6.122 5.119 3.9
Recognition 6.111 5.107 3.5
Scope 6.103 5.99 3.2
Scope - inventories that are manufactured, or otherwise produced, in large quantities on 3.2 (b)
6.104 5.100
a repetitive basis
Significant differences in Ind AS 23 vis-à-vis AS 6.123 5.12 3.10
Category 2 Disclosure 10.15 8.14 1.5.2
Definitions 10.5 8.5 1.4
Definitions (Other IMP) - Compensation, Government, Government related entity 10.13 8.12 1.4.5
Disclosure-Relationships between parent and subsidiaries 10.14 8.13 1.5.1
Disclosures 10.14 8.13 1.5
Disclosures of compensation to key management personnel 10.15 8.14 1.5.2.1
Disclosures where there have been related party transactions during the year 10.15 8.15 1.5.2.2
Exemption to government -related entities 10.20 8.19 1.6
extract from the financial statements - ‘Related Party disclosure 10.17 8.16 Extract
Key management personnel 10.8 8.8 1.4.2 (10)
Major differences in Ind AS 24 vis-à-vis AS 18 10.22 8.21 1.7
Objective 10.4 8.3 1.2
Scope 10.4 8.4 1.3
Understanding related party transactions 10.12 8.11 1.4.4
Understanding relationship between the reporting entity and a person(s 10.6 8.5 1.4.1
Understanding relationship between the reporting entity and another entity/entities 10.6 8.6 1.4.2
Understanding who are not related parties 10.10 8.9 1.4.3

By CA Vinay Kumar YT - Ultimate CA Warrior 19

 FR Concept Ind AS wise (A-Z) Index
Ind AS 27 & 28
Topic Nov-24 May-25 Heading
Major changes in Ind AS 27 from IAS 27 not resulting into carve out 13.181 13.185 7.5
Objective of Ind AS 13.174 13.178 7.1
Scope 13.174 13.178 7.2
Separate financial statements - Accounting of dividend from subsidiary, associate or joint venture 13.179 13.183 7.4.3
Separate financial statements - Accounting of investments in subsidiaries associates and joint ventures 7.4.1
13.177 13.181
Separate financial statements - Accounting when a parent ceases to be an investment entity or becomes 7.4.2
13.178 13.182
an investment entity
Separate financial statements - Preparation of separate financial statements 13.176 13.180 7.4
Separate financial statements - Reorganisation of the group structure 13.179 13.183 7.4.4
Separate financial statements - What are separate financial statements and how they are presented 7.3
13.174 13.178
Classification of investment in associate or joint venture as held for sale 13.169 13.172 6.7
Contribution of non-monetary asset by an entity to its associate or joint venture 13.158 13.160 6.4.3.4
Different reporting periods of the entity and its associate or joint venture 13.159 13.161 6.4.3.5
Equity method 13.146 13.148 6.4
Equity method - Application of the equity method 13.146 13.149 6.4.1
Equity method - Calculation of goodwill / capital reserve and calculation of share in profit / loss of 6.4.3.1
13.151 13.153
associate or joint ventur
Equity method - Discontinuing - Associate becomes a joint venture and vice versa 13.169 13.172 6.6
Equity method - Discontinuing - Investment becomes a subsidiary 13.167 13.171 6.6
Equity method - Discontinuing - Reclassification of items recorded in other comprehensive income 13.168 13.172 6.6
Equity method - Discontinuing the use of the equity method 13.167 13.170 6.6
Equity method - Exemptions from applying the equity method 13.148 13.151 6.4.2
Equity method - 'Group’s share in an associate or a joint venture 13.153 13.155 6.4.3.2
Equity method procedure 13.150 13.153 6.4.3
Impairment losses 13.165 13.168 6.5
Long-term interests in associate or joint venture apart from equity investment 13.160 13.163 6.4.3.7
Loss making associate or joint venture 13.161 13.164 6.4.3.8
Objective of Ind AS 13.141 13.143 6.1
Scope 13.141 13.143 6.2
Significant changes in Ind AS 28 from IAS 28 resulting into carve out 13.170 13.173 6.9
Significant differences between Ind AS 28 and AS 13.171 13.173 6.9
Significant influence 13.141 13.143 6.3
Significant influence - Consideration of potential voting rights when assessing significant influence 6.3.3
13.145 13.147
Significant influence - Judgement required in assessment of significant influence 13.142 13.144 6.3.2
Significant influence - Loss of significant influence 13.146 13.148 6.3.4
Significant influence - Presumption of significant influence 13.142 13.144 6.3.1
Uniform accounting policies 13.159 13.162 6.4.3.6
Upstream and downstream transactions between the entity and its associate or joint venture 13.155 13.157 6.4.3.3

By CA Vinay Kumar YT - Ultimate CA Warrior 20

 FR Concept Ind AS wise (A-Z) Index
Ind AS 32
Topic Nov-24 May-25 Heading
Financial Asset - Contractual right to receive cash or other financial asset 11.7 11.8 1.3
Financial Asset - 'Perpetual' debt instruments 11.8 11.9 1.3
Financial Asset - Physical assets , right-of-use assets and intangible assets 11.8 11.9 1.3
Financial Asset - Prepaid expenses 11.8 11.9 1.3
Financial Asset - What is a Financial Asset 11.6 11.6 1.3
Financial Assets , Financial liabilities and Equity - Comparison 11.21 11.23 1.6
Financial Instruments - Summary of the transaction outside the scope : 11.24 11.27 1.7
Financial Instruments: Scope and Definitions - Unit 1 11.5 11.5
Financial Liability/Equity - Contracts settled in own equity instruments but classified as ‘financial liability ’ 1.5
11.19 11.22
(where equity instrument is treated as currency) –
Financial Liability/Equity - Distributions on preference shares - dividends are at the discretion of the C
11.18 11.20
issuer
Financial Liability/Equity - Distributions on preference shares - dividends are cumulative but payable only C
11.18 11.20
on liquidation - contractual obligation exists or not
Financial Liability/Equity - No contractual obligation 11.15 11.17 1.5
Financial Liability/Equity - Non-redeemable preference shares 11.17 11.19 B
Financial Liability/Equity - Preference shares 11.16 11.18 1.5
Financial Liability/Equity - Redeemable preference shares 11.17 11.19 A
Financial Liability/Equity - Settlement in own equity instruments 11.15 11.17 1.5
Non-financial items - Contracts to buy or sell non-financial items (‘Own Use Exemption ) 11.24 11.28 1.8
Scope - Financial Instruments 11.22 11.24 1.7
What are financial instruments 11.5 11.5 1.2
What is a Financial Liability 11.10 11.12 1.4
What is an Equity Instrument 11.14 11.15 1.5

By CA Vinay Kumar YT - Ultimate CA Warrior 21

Ind AS 33 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Additional Topics 10.80 8.79 2.11
Basic EPS - Earnings - Early conversion of Preference shares at premium 10.46 8.43 2.6.2.2
Basic EPS - Earnings - Excess payment to Preference share holders 10.46 8.44 2.6.2.3
Basic EPS - Earnings - Measurement of 10.43 8.41 2.6.2
Basic EPS - Earnings - Redemption/Repurchase of preference shares at premium 10.45 8.43 2.6.2.1
Basic EPS - Meaning and formula 10.43 8.40 2.6.1
Basic EPS - Measurement of basic earnings per share 10.43 8.40 2.6
Basic EPS - Shares 10.50 8.47 2.6.3
Basic EPS - Shares - Change in the number of shares without change in value of capital 10.54 8.51 2.6.3.4
Basic EPS - Shares - Contingently issuable shares 10.54 8.51 2.6.3.3
Basic EPS - Shares - Deciding the date for issue of shares 10.52 8.49 2.6.3.2
Basic EPS - Shares - Rights issues 10.57 8.54 2.6.3.5
Basic EPS - Shares - Theoretical ex-rights fair value per share 10.57 8.54 2.6.3.5
Basic EPS - Shares - Weighted Average Number of Shares 10.50 8.47 2.6.3.1
Definitions 10.40 8.37 2.4
Definitions - potential ordinary shares 10.40 8.38 2.4 (2)
Differences between Ind AS 33 and AS 10.88 8.88 2.13
Diluted earnings per share 10.60 8.58 2.7
Diluted EPS - Shares - Calculation of Weighted average to be done independently for every period 10.62 8.60 2.7.3.2
Diluted EPS - Base for calculation 10.62 8.60 2.7.3.1
Diluted EPS - Contingently issuable shares 10.70 8.68 2.7.3.7
Diluted EPS - Contracts that may be settled in ordinary shares or cash 10.75 8.74 2.7.3.9
Diluted EPS - Convertible instruments 10.70 8.68 2.7.3.6
Diluted EPS - Earnings 10.61 8.58 2.7.2
Diluted EPS - Employee Stock Options 10.69 8.67 2.7.3.5
Diluted EPS - Entity with discontinued operations 10.73 8.72 2.7.3.8
Diluted EPS - Options , warrants and their equivalents 10.66 8.64 2.7.3.4
Diluted EPS - Purchased option 10.77 8.75 2.7.3.10
Diluted EPS - Scope, meaning and formula 10.60 8.58 2.7.1
Diluted EPS - Shares 10.62 8.60 2.7.3
Diluted EPS - Shares of subsidiary, joint venture or associate 10.66 8.64 2.7.3.3
Diluted EPS - Written put options 10.77 8.76 2.7.3.11
Disclosure - EPS 10.79 8.78 2.1
EPS - Limitation 10.39 8.36 2.2.1
EPS - Measurement 10.42 8.39 2.5
Extracts of financial statements of listed entity 10.84 8.84 2.12
Objective 10.39 8.36 2.2
Participating equity instruments and two-class ordinary shares 10.80 8.79 2.11.1
Partly paid shares 10.83 8.83 2.11.2
Presentation - EPS 10.78 8.77 2.9
Retrospective adjustments 10.78 8.76 2.8
Scope 10.40 8.37 2.3

By CA Vinay Kumar YT - Ultimate CA Warrior 22

Ind AS 34 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Definitions 3.79 3.75 2.4
Interim financial report - Contents 3.80 3.75 2.5
Interim financial report - Disclosure in annual financial statements 3.89 3.82 2.6
Interim financial report - Form and content 3.81 3.76 2.5.1
Interim financial report - Materiality 3.88 3.82 2.5.5
Interim financial report - Other disclosures 3.83 3.78 2.5.3
Interim financial report - Recognition and measurement 3.89 3.82 2.7
Interim financial report - Recognition and measurement - Contingencies 3.95 3.88 2.7
Interim financial report - Recognition and measurement - Contractual or anticipated purchase price 2.7
3.93 3.85
changes
Interim financial report - Recognition and measurement - Depreciation and amortisation 3.93 3.85 2.7
Interim financial report - Recognition and measurement - Employer payroll taxes and insurance 2.7
3.91 3.83
contributions
Interim financial report - Recognition and measurement - Foreign currency translation gains and losses 2.7
3.94 3.87
Interim financial report - Recognition and measurement - Intangible assets 3.92 3.84 2.7
Interim financial report - Recognition and measurement - Inter-company reconciliations 3.95 3.88 2.7
Interim financial report - Recognition and measurement - Inventories - Full stock-taking and valuation 2.7
3.95 3.87
procedures
Interim financial report - Recognition and measurement - Inventories - Net realisable value and 2.7
3.94 3.85
manufacturing cost variances
Interim financial report - Recognition and measurement - Major planned periodic maintenance or 2.7
3.91 3.83
overhaul
Interim financial report - Recognition and measurement - Measuring interim income tax expense 3.92 3.84 2.7
Interim financial report - Recognition and measurement - Other planned but irregularly occurring costs 2.7
3.92 3.84
Interim financial report - Recognition and measurement - Pensions 3.95 3.88 2.7
Interim financial report - Recognition and measurement - Provisions 3.91 3.83 2.7
Interim financial report - Recognition and measurement - Vacations, holidays, and other short-term 2.7
3.92 3.84
compensated absences
Interim financial report - Recognition and measurement - Variable lease payments 3.92 3.83 2.7
Interim financial report - Recognition and measurement - Year-end bonuses 3.91 3.83 2.7
Interim financial report - Restatement of previously reported interim periods 3.99 3.92 2.8
Interim financial report - Restatement of previously reported interim periods - change in accounting 2.8
policy, other than one for which the transition is specified by a new 3.99 3.92
Ind AS, shall be reflected by
Interim financial report - Significant events and transactions 3.81 3.76 2.5.2
Interim financial report - Significant events and transactions - list of events and transactions for which 2.5.2
3.81 3.76
disclosures would be required if they are significant:
Interim financial reporting and impairment 3.100 3.93 2.9
Interim financial reports half -yearly 3.88 3.81 2.5.4 (a)
Interim financial reports quarterly 3.88 3.81 2.5.4 (b)
Interim financial statements - Periods for which interim financial statements are required to be presented 2.5.4
3.86 3.80
Objective 3.79 3.74 2.2
Scope 3.79 3.74 2.3
Significant differences in Ind AS 34 vis-à-vis AS 3.102 3.94 2.10

By CA Vinay Kumar YT - Ultimate CA Warrior 23

Ind AS 36 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

CGU - Active market exists for the output produced by an asset or group of assets 6.162 5.161 4.9.2.3
CGU - Allocating corporate assets to cash-generating units (CGU) 6.168 5.167 4.9.2.7
CGU - Allocating goodwill to cash-generating units (CGU ) 6.164 5.163 4.9.2.6
CGU - Allocation of assets and liabilities to CGUs 6.162 5.161 4.9.2.5
CGU - Cash-generating units to be identified consistently from period to period 6.162 5.161 4.9.2.4
CGU - Identification of cash generating units 6.160 5.159 4.9.2.1
CGU - Recognition and measurement of an impairment loss for a cash generating unit & goodwill 6.160 5.159 4.9.2
CGU - Recognition and measurement of an impairment loss for a cash-generating unit 6.170 5.170 4.9.2.8
CGU - Relevance of internal management reporting to the identification of CGUs 6.162 5.160 4.9.2.2
CGU - Two-step approach for goodwill allocated to a group of CGUs 6.172 5.171 4.9.3
CGUs to which it has not been possible to allocate goodwill 6.147 5.144 4.5.3.5
Circumstances in which it is not necessary to calculate both an asset's fair value less costs of disposal 4.6.2
6.148 5.145
and its value in use
Circumstances in which recoverable amount is 'determined in the context of CGU 6.148 5.145 4.6.3
Contrasting fair value and value in use 6.149 5.146 4.7.3
Corporate assets 6.168 5.167 4.9.2.7
Corporate assets - Allocating corporate assets to cash-generating units for impairment - summary 6.170 5.169 4.9.2.7
Cost of disposal to be deducted 6.149 5.146 4.7.2
Definitions 6.140 5.136 4.3
Disclosure 6.181 5.181 4.11
Disclosure-general 6.181 5.181 4.11.1
Dividend from a subsidiary, jointly controlled entity or associate 6.143 5.139 4.4.2.3
Entities reporting segment information 6.181 5.181 4.11.2
External source of Information - Impairment 6.142 5.138 4.4.2.1
Extracts of financial statements of listed entity 6.194 5.195 4.12
Fair value and costs of disposal-definition 6.149 5.146 4.7.1
Fair value does not reflect any of the following factors to the extent that they would not be generally 4.7.3
6.149 5.146
available to market participants :
Fair Value less Costs of Disposal 6.149 5.146 4.7
Goodwill+CGU - CGUs to which goodwill has been allocated 6.146 5.142 4.5.3.1
Goodwill+CGU - Impairment 6.146 5.142 4.5.3
Goodwill+CGU - Individual assets to be tested before CGU to which goodwill has been allocated 6.146 5.143 4.5.3.3
Goodwill+CGU - Most recent detailed calculation made in a preceding period of the recoverable amount 4.5.3.4
of a cash-generating unit to which goodwill has been allocated may be used in the impairment test of that 6.147 5.144
unit in the current period provided all the following criteria are met:
Goodwill+CGU - Rolling forward detailed calculations from a preceding period 6.147 5.144 4.5.3.4
Goodwill+CGU - Timing of impairment tests - Goodwill 6.146 5.142 4.5.3.2
Impairment - Identifying an asset that may be impaired 6.141 5.137 4.4
Impairment - Identifying an asset that may be impaired -General 6.141 5.137 4.4.1
Impairment - Indications 6.142 5.138 4.4.2
Impairment loss - External sources of information - reversals of impairment loss 6.173 5.173 4.10.2.1
Impairment loss - Indications of reversals of impairment loss 6.173 5.173 4.10.2
Impairment loss - Internal sources of information - reversals of impairment loss 6.173 5.173 4.10.2.2
Impairment loss - Recognising and measuring 6.158 5.156 4.9
Impairment loss - Recognition and measurement of an impairment loss-individual Asset 6.158 5.156 4.9.1
Impairment loss - Reversals of impairment losses - general 6.172 5.172 4.10.1
Impairment loss - Reversing an impairment loss 6.172 5.172 4.1
Impairment loss - Reversing an impairment loss for a cash-generating unit 6.174 5.174 4.10.4
Impairment loss - Reversing an impairment loss for an individual asset 6.174 5.173 4.10.3
Impairment loss - Reversing an impairment loss for goodwill not permitted 6.174 5.174 4.10.5
Impairment losses recognized or reversed in the period 6.181 5.182 4.11.3

By CA Vinay Kumar YT - Ultimate CA Warrior 24

Ind AS 36 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Information to be disclosed for CGUs to which insignificant goodwill or indefinite-life intangible assets 4.11.7
6.185 5.186
have been allocated
Information to be disclosed for CGUs to which significant goodwill or indefinite-life intangible assets have 4.11.6
6.183 5.184
been allocated
Intangible assets required to be tested for impairment at least annually 6.145 5.141 4.5.2
Internal source of Information - Impairment 6.142 5.138 4.4.2.2
Items required to be tested for impairment at least annually 6.145 5.141 4.5.1
Market interest rate - If market interest rates or other market rates of return on investments have 4.4.2.3
increased during the period, an entity is not required to make a formal estimate of an asset’s recoverable 6.143 5.139
amount in the following cases
Measurement of recoverable amount 6.147 5.144 4.6
Non controlling interests — the impact on goodwill impairment testing 6.178 5.178 4.10.6
Objective 6.139 5.135 4.1
Other impairment losses/reversals material in aggregate to the financial statements 6.183 5.183 4.11.4
Recoverable amount 6.147 5.144 4.6.1
Requirement for Annual Review 6.144 5.141 4.5
Scope 6.139 5.135 4.2
Significant differences in Ind AS 36 vis-a-vis AS 6.195 5.197 4.13
Unallocated goodwill 6.183 5.183 4.11.5
Value in Use 6.150 5.147 4.8
Value in Use - Discount rate 6.155 5.153 4.8.3
Value in Use - Discount rate - Guidelines for selecting the appropriate discount rate 6.156 5.154 4.8.3
Value in Use - Estimates of future cash flows shall exclude : 6.153 5.150 4.8.2.2
Value in Use - Estimates of future cash flows shall include 6.152 5.149 4.8.2.1
Value in Use - Estimating expected future cash flows , the following rules apply 6.151 5.148 4.8.2
Value in Use - Estimation of expected future cash flows 6.150 5.147 4.8.2
Value in Use - Foreign currency future cash flows 6.154 5.152 4.8.2.3
Value in use-general 6.150 5.147 4.8.1

By CA Vinay Kumar YT - Ultimate CA Warrior 25

Ind AS 37 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Application of the recognition and measurement rules 8.118 6.127 2.11
Contingent - Likelihood of outcome - Tabular depiction 8.109 6.116 2.6
Contingent assets 8.108 6.115 2.6.3
Contingent liabilities 8.107 6.114 2.6.2
Definitions 8.92 6.97 2.3
Definitions - Constructive obligation 8.92 6.98 2.3 (5)
Definitions - Contingent Liability 8.93 6.99 2.3 (6)
Definitions - Legal obligation 8.92 6.98 2.3 (4)
Disclosure - Provisions and Contingent asset/liability 8.125 6.134 2.12
Executory Contracts 8.90 6.96 2.2.1
Extracts of financial statements of listed entity 8.13 6.139 2.14
Future operating losses 8.118 6.127 2.11.1
Levies - Accounting principles 8.128 6.137 2.13.4
Levies - Appendix C deals with 8.127 6.136 2.13.1
Levies - Appendix C does not deal with 8.127 6.137 2.13.2
Levies - What is a levy 8.128 6.137 2.13.3
Levies (Appendix C of Ind AS) 8.127 6.136 2.13
Objective 8.89 6.94 2.1
Onerous contracts 8.119 6.128 2.11.2
Provisions 8.97 6.103 2.6.1
Provisions and contingent liabilities - Relationship 8.96 6.102 2.5
Provisions - Change in provisions 8.117 6.125 2.9
Provisions - Measurement 8.109 6.117 2.7
Provisions - Measurement - Best estimate 8.109 6.117 2.7.1
Provisions - Measurement - Expected disposal of assets 8.115 6.123 2.7.5
Provisions - Measurement - Future Events 8.113 6.121 2.7.4
Provisions - Measurement - Present value 8.112 6.120 2.7.3
Provisions - Measurement - Risks and uncertainties 8.111 6.119 2.7.2
Provisions - Past Event 8.98 6.104 2.6.1.2
Provisions - Present Obligation 8.97 6.103 2.6.1.1
Provisions - Probable Outflow of Resources Embodying Economic Benefits 8.105 6.112 2.6.1.3
Provisions - Recognition 8.97 6.103 2.6
Provisions - Recognition of a Provision - Summary 6.114 6.114 2.6.1
Provisions - Reliable Estimate of the Obligation 8.105 6.113 2.6.1.4
Provisions - Use of provisions 8.118 6.126 2.1
Provisions and other liabilities 8.94 6.100 2.4
Provisions when relate to the recognition of revenue or expense/losses 8.91 6.97 2.2.2
Reimbursements 8.115 6.123 2.8
Restructuring 8.121 6.130 2.11.3
Scope 8.89 6.95 2.2
Significant differences in Ind AS 37 vis-a-vis AS 8.131 6.140 2.15

By CA Vinay Kumar YT - Ultimate CA Warrior 26

Ind AS 38 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Accumulated amortisation at the date of revaluation 6.247 5.241 5.8.2
Acquisition as part of a business combination 6.235 5.227 5.6.2
Acquisition by way of a government grant 6.236 5.228 5.6.3
Amortisation - Acquired airline route authority between two European cities that expires in three years Ex-8
6.258 5.251
Amortisation - Acquired broadcasting licence that expires in five years 6.257 5.251 Ex-6
Amortisation - Acquired copyright that has a remaining legal life of 50 years 6.257 5.250 Ex-5
Amortisation - Acquired customer list 6.256 5.250 Ex-3
Amortisation - Acquired patent that expires in 15 years 6.256 5.250 Ex-4
Amortisation - Acquired trademark used to identify and distinguish a leading consumer product that has Ex-9
6.258 5.252
been a market-share leader for the past eight years
Amortisation - Broadcasting licence in Example 6 6.257 5.251 Ex-7
Amortisation - Trademark acquired 10 years ago that distinguishes a leading consumer product 6.258 5.252 Ex-10
Amortisation - Trademark for a line of products that was acquired several years ago in a business 6.259 5.253 Ex-11
combination method
Amortisation 6.255 5.248 5.10.4
Amortisation method based on revenue 6.255 5.249 5.10.4
Amortisation method specified in this standard not to apply to intangible assets arising from service 5.2.5
6.220 5.212
concession arrangements in respect of toll roads
Amortisation period 6.254 5.247 5.10.3
Applicability 6.218 5.21 5.2.1
Cessation of amortisation 6.254 5.248 5.10.3
Cessation of capitalisation 6.233 5.225 5.6.1.2
Commencement of amortisation 6.254 5.248 5.10.3
Cost model 6.246 5.239 5.8.1
Costs are not included in the carrying amount of an intangible asset: 6.233 5.225 5.6.1.2
Deferred Consideration 6.233 5.225 5.6.1.2
Definition - Intangible assets 6.221 5.214 5.4.1
Definitions 6.220 5.212 5.3
Depreciable amount to be amortised over the asset's useful life 6.253 5.246 5.10.1
Disclosure 6.262 5.256 5.14
Examples of expenditures that are not part of the cost of an intangible asset are: 6.233 5.225 5.6.1.2
Exchange of assets 6.237 5.229 5.6.4
Extracts of financial statements of listed entity 6.268 5.263 5.15
Factors for consideration in determining useful life 6.251 5.244 5.9
Finite or indefinite useful life 6.250 5.244 5.9
Frequency of revaluations 6.247 5.240 5.8.2
Impairment 6.260 5.255 5.12
Intangible assets with finite useful lives 6.253 5.246 5.1
Intangible assets with indefinite useful lives 6.259 5.253 5.11
Intangible asset - Meaning 6.221 5.214 5.4.1
Intangible asset arising from contractual or other legal rights - useful life 6.252 5.245 5.9
Intangible assets - Asset 6.227 5.219 5.4.3
Intangible assets - Control 6.227 5.219 5.4.3.1
Intangible Assets - Customer Related, Technology Based , Contract Based , Artistic Related, Marketing 6.223 5.215 5.4.1
Related assets - Future economic benefits
Intangible 6.228 5.221 5.4.3.2
Intangible assets - Identifiability 6.226 5.218 5.4.2
Intangible assets - Identification 6.221 5.214 5.4
Intangible assets contained in or on a physical substance 6.219 5.211 5.2.2
Intangible assets on leases 6.219 5.211 5.2.3
Intangible assets used in the extractive and insurance industries 6.219 5.211 5.2.4
Internally generated goodwill 6.238 5.231 5.6.5
Internally generated intangible assets 6.239 5.231 5.6.6
By CA Vinay Kumar YT - Ultimate CA Warrior 27
Ind AS 38 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Internally generated intangible assets - Cost of an internally generated asset 6.242 5.234 5.6.6
Internally generated intangible assets - Cost of an internally generated asset - Exclusions 6.242 5.235 5.6.6
Internally generated intangible assets - Development Phase 6.240 5.232 5.6.6
Internally generated intangible assets - Intangible asset arising from development recognized if entity 5.6.6
6.240 5.233
demonstrate all following
Internally generated intangible assets - Items that should not be recognized as internally generated 5.6.6
6.239 5.232
intangible assets
Internally generated intangible assets - Research phase 6.239 5.232 5.6.6
Measurement after recognition 6.246 5.239 5.8
Measurement of cost for intangible assets acquired separately 6.232 5.224 5.6.1.2
Measurement of intangible asset 6.231 5.223 5.6
Objective 6.218 5.21 5.1
Recognition criteria for intangible assets acquired as part of a business combination 6.235 5.227 5.6.2.1
Recognition criteria for intangible assets acquired separately 6.231 5.224 5.6.1.1
Recognition of an expense 6.245 5.237 5.7
Recognition of an expense - if expenditure does not give rise to an intangible asset: 6.246 5.238 5.7
Recognition of an expense - types of expenditure should always be recognized as an expense: 6.245 5.238 5.7
Recognition of intangible asset 6.230 5.222 5.5
Recognition of Intangible assets-general principles 6.230 5.222 5.5.1
Residual value 6.253 5.246 5.10.2
Retirements and disposals 6.261 5.255 5.13
Revaluation model 6.246 5.239 5.8.2
Review of amortisation period 6.255 5.248 5.10.3
Scope 6.218 5.21 5.2
Scope of revaluations 6.247 5.240 5.8.2
Separate acquisition 6.231 5.224 5.6.1
Significant differences in Ind AS 38 vis-à-vis AS 6.271 5.266 5.15
Treatment of surplus or deficit arising on revaluation 6.247 5.241 5.8.2
Useful life 6.250 5.243 5.9

By CA Vinay Kumar YT - Ultimate CA Warrior 28

Ind AS 40 & 41 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Accounting Policy - Cost model 6.300 5.291 1
Ancillary services - investment property 6.290 5.281 6.4 (5)
Classification of property - Tabular summarisation 6.292 5.283 6.4
Classification of property as investment property or owner-occupied property 6.288 5.278 6.4
Cost Inclusions and Exclusions - investment property 6.295 5.285 6.6 (1)
Day-to-day servicing costs - investment property 6.293 5.284 6.5 (2)
Deferred payments - investment property 6.297 5.288 6.6 (2)
Definitions 6.287 5.277 6.3
Definitions - Investment property 6.287 5.277 6.3 (1)
Definitions - Owner-occupied property 6.287 5.277 6.3 (2)
Difficulty in deciding classification under investment property 6.292 5.282 6.4 (6)
Disclosure 6.307 5.299 6.1
Disposals 6.304 5.296 6.9
Examples of investment property 6.288 5.278 6.4 (2)
Examples of items which are not investment property 6.289 5.279 6.4 (3)
Extracts of financial statements of listed entity 6.308 5.301 6.11
Fair Value Measurement 6.300 5.292 2
Inability to measure fair value reliably 6.301 5.292 3
Investment property acquired through exchange of another asset 6.298 5.288 6.6 (3)
Measurement after recognition - investment property 6.300 5.291 6.7
Measurement at recognition - investment property 6.295 5.285 6.6
Nature of Investment property 6.288 5.278 6.4 (1)
Objective 6.287 5.277 6.1
Property held for more than one purpose 6.289 5.280 6.4 (4)
Property leased to other group members – treatment of same asset differently in the individual financial 6.4 (7)
6.292 5.282
statements and the consolidated financial statements
Recognition - investment property 6.293 5.283 6.5
Replacement costs - investment property 6.294 5.284 6.5 (2)
Scope 6.287 5.277 6.2
Subsequent costs - investment property 6.293 5.284 6.5 (2)
Transfers to/from Investment property 6.303 5.294 6.8
Agriculture Produce - Gains and Losses 7.12 10.12 1.6 (2)
Agriculture Produce - Measurement 7.9 10.9 1.5
Biological Asset - Gains and Losses 7.12 10.12 1.6 (1)
Biological Asset - Measurement 7.8 10.9 1.5
Definitions 7.5 10.5 1.3
Definitions - Agricultural activity 7.5 10.5 1.3 (a)
Definitions - Biological transformation 7.6 10.6 1.3 (c)
Disclosure - Biological Asset and Agriculture Produce 7.16 10.16 1.8
Extracts of financial statements of listed entity 7.20 10.21 1.9
Gains and Losses - Biological Asset and Agriculture Produce 7.12 10.12 1.6
Government Grants - Biological Asset 7.13 10.13 1.7
Government Grants - Biological Asset measured at fair value less cost to sell - Unconditional and 1.7 (1)
7.13 10.13
Conditional
Government Grants - Biological Asset measured at its cost 7.13 10.14 1.7 (2)
Introduction and objective 7.3 10.3 1.1
Measurement - Biological Asset and Agriculture Produce 7.8 10.8 1.5
Recognition of assets - Biological Asset and Agriculture Produce 7.8 10.8 1.4
Scope 7.3 10.3 1.2

By CA Vinay Kumar YT - Ultimate CA Warrior 29

Ind AS 101 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Accounting policies 14.7 14.7 5.2
Carve outs in Ind AS 101 from IFRS 14.44 14.48 8
Definitions 14.3 14.3 3
Definitions - Date of Transition to Ind AS 14.4 14.4 3 (4)
Exceptions (Mandatory) - Classification and measurement of financial instruments 14.12 14.13 5
Exceptions (Mandatory) - Derecognition of financial assets and liabilities 14.10 14.10 2
Exceptions (Mandatory) - Embedded derivatives 14.13 14.14 7
Exceptions (Mandatory) - Estimates 14.9 14.9 1
Exceptions (Mandatory) - Government loans 14.13 14.14 8
Exceptions (Mandatory) - Hedge accounting 14.10 14.11 3
Exceptions (Mandatory) - Impairment of financial assets 14.13 14.14 6
Exceptions (Mandatory) - Non-controlling interest 14.11 14.12 4
Exceptions / Exemptions 14.8 14.8 6
Exemptions (Optional) - Assets and liabilities of subsidiaries, associates and joint ventures 14.30 14.33 19
Exemptions (Optional) - Business combination 14.14 14.16 1
Exemptions (Optional) - Compound financial instruments 14.25 14.27 8
Exemptions (Optional) - Cumulative translation difference 14.22 14.24 5
Exemptions (Optional) - Decommissioning liabilities included in Property, Plant and Equipment 14.27 14.30 10
Exemptions (Optional) - Deemed cost for Investment Property 14.20 14.22 4
Exemptions (Optional) - Deemed cost for PPE, intangible assets and right of use assets 14.19 14.21 4
Exemptions (Optional) - Designation of contracts to buy or sell a non-financial item 14.30 14.33 16
Exemptions (Optional) - Designation of previously recognised financial instruments 14.28 14.30 11
Exemptions (Optional) - Extinguishing financial liabilities with equity instruments 14.28 14.31 12
Exemptions (Optional) - Fair value measurement of financial assets or financial liabilities 14.27 14.30 9
Exemptions (Optional) - Financial asset or intangible assets accounted for in accordance with Appendix 15
14.29 14.32
D to Ind AS 115, Service Concession Arrangements
Exemptions (Optional) - Insurance contracts 14.18 14.20 2
Exemptions (Optional) - Investment in subsidiaries, joint ventures and associates 14.24 14.26 7
Exemptions (Optional) - Joint arrangements 14.31 14.34 21
Exemptions (Optional) - Leases 14.28 14.31 14
Exemptions (Optional) - Long-term foreign currency monetary items 14.22 14.24 6
Exemptions (Optional) - Non-current assets held for sale and discounted operations 14.30 14.33 18
Exemptions (Optional) - Revenue from Contract with Customers 14.31 14.34 20
Exemptions (Optional) - Severe Hyperinflation 14.28 14.31 13
Exemptions (Optional) - Share based payment transactions 14.18 14.20 3
Exemptions (Optional) - Striping costs in the production of surface mine 14.30 14.33 17
Mandatory (Exceptions to the retrospective application of other Ind AS 14.9 14.9 6.1
Objective 14.3 14.3 2
Opening Ind AS Balance Sheet 14.7 14.7 5.1
Optional (exemptions from application of other Ind AS 14.14 14.16 6.2
Presentation and Disclosure 14.32 14.35 7
Recognition and Measurement 14.7 14.7 5
Scope 14.6 14.6 4

By CA Vinay Kumar YT - Ultimate CA Warrior 30

 FR Concept Ind AS wise (A-Z) Index
Ind AS 102
Topic Nov-24 May-25 Heading
Cash settled share based payment - Subsequent Measurement 7.96 10.98 3.9.2
Cash settled share based payments 7.74 10.75 3.5.2
Definition 7.62 10.62 3.2
Disclosure - SBP 7.106 10.108 3.13
Equity settled share based payment 7.71 10.72 3.5.1
Equity settled share based payment - Subsequent Measurement 7.96 10.98 3.9.1
Extracts of financial statements of listed entity 7.106 10.109 3.14
Fair value calculation - Exercise price, current price and life of the option are observable inputs and 3.11
relatively easy to understand and value can be easily identified. However, other inputs which are required 7.101 10.104
to be used as minimum can be detailed out as below
Fair value calculation - SBP Plan 7.101 10.103 3.11
Grant date 7.63 10.63 3.2 (g)
Grant Date 7.95 10.96 3.8
Group share based payment plan 7.102 10.105 3.12
Group share based payment plan - Summary 7.104 10.106 3.12
Measurement date 7.63 10.63 3.2 (j)
Measurement principle for equity—settled awards: 7.72 10.73 3.5.1
Modification, cancellation and settlements - SBP 7.97 10.99 3.1
Non-vesting conditions 7.88 10.89 3.6.2
Parent issues its own shares for the share-based payment plan issued by its subsidiary 7.104 10.107 3.12 (1)
Parent settles the transaction by paying cash value for share-based payment plan issued by its 3.12 (3)
7.105 10.107
subsidiary
Recognition - Goods/services in SBP 7.70 10.70 3.4
Recognition of SBP (Share-based payments) 7.70 10.71 3.4
Reload feature - Treatment 7.89 10.91 3.7
Scope 7.68 10.68 3.3
Share based payment transaction 7.65 10.66 3.2.2
Share based payment with cash alternatives 7.76 10.77 3.5.3
Share based payment with cash alternatives - When Counterparty has a choice of settlement 7.76 10.77 3.5.3 (a)
Share based payment with cash alternatives - When the entity has a choice of settlement 7.78 10.79 3.5.3 (b)
Shared-based payment arrangement 7.65 10.65 3.2.1
Subsequent Measurement - SBP 7.96 10.98 3.9
Subsidiary provides rights to its employees to get equity instruments of its parent 7.105 10.107 3.12 (2)
Type of conditions - impact of conditions on share based valuation 7.88 10.90 3.7
Type of conditions - impact of various conditions – Summary 7.90 10.91 3.7
Type of conditions - Recognising expense for an award with multiple conditions: 7.90 10.92 3.7
Type of conditions - Vesting or non-vesting 7.85 10.87 3.6
Type of share based payments 7.71 10.71 3.5
Vesting conditions - Performance condition 7.87 10.88 3.6.1 (a)
Vesting conditions - Performance condition - Market related 7.87 10.88 3.6.1 (b) (a)
Vesting conditions - Performance condition - Non-market related 7.87 10.89 3.6.1 (b) (b)
Vesting conditions - Service condition 7.86 10.87 3.6.1
What is covered within Ind AS 102 7.68 10.68 3.3.1
What is not covered in Ind AS 102 7.69 10.69 3.3.2

By CA Vinay Kumar YT - Ultimate CA Warrior 31

 FR Concept Ind AS wise (A-Z) Index
Ind AS 103
Topic Nov-24 May-25 Heading
Acquirer share based payment awards exchanged 'for awards held by the Acquiree's Employees 12.66 12.67 10.1
Acquiring Enterprise 12.17 12.18 6.1
Acquisition - New parent pays cash to effect a business combination 12.25 12.26 Ex-11
Acquisition date - appointed date as per the agreement 12.26 12.28 Ex-12
Acquisition date - Determining the acquisition date 12.26 12.27 7
Acquisition involving Shell Company and Reserve Acquisition 12.23 12.25 6.4
Acquisition method 12.16 12.17 5
Acquisitions through issue of equity instrument 12.19 12.20 6.3
Acquisitions through payment of cash or incurring of liability 12.19 12.20 6.2
Asset acquisition and a business combination - difference 12.3 12.3 1
Bargain Purchase 12.54 12.57 10.6
Business - Acquisition of a shell company 12.15 12.16 Ex-7
Business - Acquisition of an entity holding investment properties 12.14 12.15 Ex-4 & 5
Business - Concentration Test 12.11 12.12 Ex-1
Business - Concentration Test 12.9 12.9 4.4
Business - Concentration Test - met if substantially all of the fair value of the gross assets acquired is 4.4
concentrated in a single identifiable asset or group of similar identifiable assets. For the concentration 12.10 12.10
test:
Business - elements 12.7 12.8 4.2
Business - Further Assessment - Substantive Process: To determine whether acquired process is 4.3
12.8 12.9
substantive, following has to be considered:
Business - Further Assessment (whether business or not) 12.8 12.8 4.3
Business - Investment in a development stage entity 12.13 12.14 Ex-3
Business - Seller retains some activities and assets 12.15 12.16 Ex-6
Business - Simple-business combination 12.13 12.14 Ex-2
Business - Summary to determine whether transaction is business or not: 12.12 12.13 4
Business Combination - acquirer should consider the following factors, which are neither mutually 10.8
exclusive nor individually conclusive, in determining whether the transaction is separate from Business 12.60 12.62
combination:
Business Combination - separate transactions that are not to be included in applying the acquisition 10.8
12.60 12.62
method:
Business Combination - Determining what is part of Business Combination Transaction 12.60 12.62 10.8
Business combination - Exception - Assembled workforce 12.45 12.47 10.2.1
Business combination - Exception - Assets held for sale 12.45 12.46 10.2.1
Business Combination - Exception - Contingent liability 12.41 12.43 10.2.1
Business combination - Exception - Employee benefits 12.42 12.44 10.2.1
Business Combination - Exception - Income taxes 12.42 12.43 10.2.1
Business combination - Exception - Indemnification assets 12.42 12.44 10.2.1
Business combination - Exception - Intangible assets 12.44 12.46 10.2.1
Business combination - Exception - Intangible assets 12.47 12.49 10.3
Business combination - Exception - Intangible assets - Assembled workforce and other items that are not 10.3.3
12.51 12.53
identifiable
Business combination - Exception - Intangible assets - Contractual Legal criterion 12.47 12.49 10.3.1
Business combination - Exception - Intangible assets - Separability criteria 12.47 12.49 10.3.2
Business combination - Exception - Leases 12.45 12.47 10.2.1
Business combination - Exception - Reacquired Rights 12.52 12.54 10.4
Business combination - Exception - Reacquired rights 12.44 12.46 10.2.1
Business combination - Exception - Share based payment transactions 12.44 12.46 10.2.1
Business combination achieved in stages (Step Acquisition 12.32 12.33 9.1
Business combination achieved without the transfer of consideration 12.34 12.36 9.2
Carve-in in Ind AS 103 from IFRS 12.119 12.120 17
Carve-out in Ind AS 103 from IFRS 12.118 12.120 16

By CA Vinay Kumar YT - Ultimate CA Warrior 32

Ind AS 103 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Common control Business combinations 12.81 12.83 13.2
Common Control transactions including Merger 12.80 12.83 13
Contingent consideration 12.38 12.39 9.4
Contingent payments to employee or selling shareholders 12.62 12.64 10.9
Control - Acquiring Enterprise - investor controls an investee if and only if the investor has all the 6.1
12.17 12.18
following:
Definition - business 12.7 12.7 4.1
Definition - Business Combination 12.6 12.6 3
Definition and Elements of Business 12.7 12.7 4
Definitions 12.80 12.83 13.1
Determination of the purchase consideration 12.30 12.31 9
Direct cost of Acquisition 12.36 12.37 9.3
Disclosures 12.76 12.77 12
Exception to the recognition or measurement principle 12.41 12.43 10.2.1
Extracts from the financial statements of listed entities 12.110 12.113 14
Goodwill - Recognition and Measurement 12.54 12.56 10.5
Identifying Acquiring Enterprise 12.17 12.18 6
Measurement Period 12.57 12.59 10.7
Measurement principle 12.40 12.42 10.2
Method of Accounting for Common Control Business Combinations 12.86 12.88 13.3
Non-controlling interest in an Acquiree 12.72 12.73 10.12
Non-Replacement Awards 12.69 12.71 10.11
Purchase Price Allocation 12.39 12.40 10
Recognition of Assets and Liabilities of the Acquired Entity 12.39 12.40 10.1
Reverse Acquisition ( It is Ex-10 but mentioned 9) 12.24 12.25 Ex-9
Scope 12.6 12.6 2
Significant Differences Between Ind AS 103 and AS 12.116 12.118 15
Step acquisitions 12.29 12.30 8
Subsequent measurement - Contingent Consideration 12.75 12.76 11.4
Subsequent measurement - Contingent Liabilities 12.74 12.76 11.2
Subsequent measurement - Indemnification Assets 12.74 12.76 11.3
Subsequent measurement - Reacquired Rights 12.74 12.75 11.1
Subsequent measurement and accounting 12.74 12.75 11

By CA Vinay Kumar YT - Ultimate CA Warrior 33

 FR Concept Ind AS wise (A-Z) Index
Ind AS 105 & 107
Topic Nov-24 May-25 Heading
Adjustment to prior period disposals 6.347 5.341 7.7.6
Asset acquired exclusively with a view to subsequent disposal 6.329 5.323 7.4.3.4
Available for immediate sale 6.326 5.319 7.4.1
Change to a plan of sale 6.347 5.342 7.7.7
Changes to a plan of sale 6.337 5.331 7.5.3
Classification as held for distribution 6.330 5.323 7.4.3.6
Classification of non-current assets (or disposal groups) as held for sale or as held for distribution to 7.4
6.325 5.319
owners
Criteria met after reporting period 6.329 5.323 7.4.3.5
Definitions 6.324 5.317 7.3
Disclosures 6.342 5.336 7.6.3
Disclosures in the statement of cash flows 6.346 5.341 7.7.4
Disclosures of Earnings per share 6.346 5.341 7.7.5
Discontinued operation -definition 6.343 5.337 7.7.1
Discontinued operations 6.343 5.337 7.7
Exception to the period of One year 6.328 5.322 7.4.3.2
Extracts of financial statements of listed entity 6.348 5.343 7.8
Loss of Control in Subsidiary 6.328 5.321 7.4.3.1
Loss of Control in subsidiary 6.347 5.342 7.7.8
Measurement at the lower of carrying amount and fair value value less cost to sell 6.332 5.326 7.5.1
Measurement of non-current assets (or disposal groups classified as held for sale 6.332 5.326 7.5
Non-current assets and disposal groups classified as held for sale 6.340 5.334 7.6.1
Non-current assets to be abandoned 6.330 5.324 7.4.3.7
Objective 6.322 5.315 7.1
Other key points 6.328 5.321 7.4.3
Presentation 6.340 5.334 7.6.2
Presentation and disclosures of a non-current asset or disposal group) classified as held for sale 6.340 5.334 7.6
Presentation in the statement of profit and loss 6.345 5.340 7.7.3
Presentation of Disposal group 6.341 5.335 Ex-18
Recognition of impairment losses and reversals 6.332 5.326 7.5.2
Sale includes exchange 6.329 5.323 7.4.3.3
Sale must be highly probable 6.327 5.320 7.4.2
Scope 6.323 5.316 7.2
Separate presentation of discontinued operations 6.345 5.340 7.7.2
Significant differences in Ind AS 105 vis-a-vis AS 6.349 5.345 7.9
Disclosure - Financial instrument - Balance Sheet - Categories of financial assets and financial liabilities, 11.179 11.197 7.3
Disclosure - Financial instrument - Introduction 11.179 11.197 7.1
Disclosure - Financial instrument - Other disclosures - Accounting policies, Hedge accounting, Fair value, 11.185 11.205 7.5
Disclosure - Financial instrument - Significance of Financial Instruments 11.179 11.197 7.2
Disclosure - Financial instrument - Statement of Profit and Loss 11.184 11.203 7.4
Extracts of financial statements of listed entities 11.208 11.229 Extract

By CA Vinay Kumar YT - Ultimate CA Warrior 34

 FR Concept Ind AS wise (A-Z) Index
Ind AS 108
Topic Nov-24 May-25 Heading
Aggregation criteria 10.106 8.104 3.5
Aggregation criteria - Two or more operating segments may be aggregated into a single operating 3.5
segment if aggregation is consistent with the core principle of Ind AS 108, the segments have similar 10.106 8.104
economic characteristics , and the segments are similar in each of the following respects:
Chief operating decision maker CODM 10.102 8.100 3.3.2
Core principle 10.100 8.97 3.1
Disclosure 10.112 8.111 3.7
Disclosure - Description of the types of products and services from which each reportable segment 10.113 8.112 3.7.1.2
Disclosure - Entity — wide disclosures 10.122 8.122 3.1
Disclosure - Factors that management used to identify the entity’s reportable segments 10.113 8.112 3.7.1.1
Disclosure - General information 10.113 8.112 3.7.1
Disclosure - Information about geographical areas 10.123 8.123 3.10.2
Disclosure - Information about major customers 10.125 8.124 3.10.3
Disclosure - Information about products and services 10.123 8.122 3.10.1
Disclosure - Information about profit or loss , assets and liabilities 10.114 8.113 3.7.2
Discontinued operations — whether an operating segment 10.102 8.100 3.3.2
Extract - Segment Reporting - from Annual Report for 2021-2022 of Hindustan Unilever Ltd 10.116 8.115 Extr
Functions that are integral to business 10.102 8.99 3.3.1
Measurement 10.118 8.117 3.8
Measurement - entity should provide an explanation of the measurements of segment profit or loss, 10.118 8.117 3.8
Measurement of operating segment profit or loss, assets and liabilities 10.120 8.119 3.8
Operating segments 10.101 8.98 3.3
Overall determination of reportable operating segments based on management reporting system 10.126 8.125 chart
Overlapping sets of components 10.104 8.101 3.3.2
Quantitative thresholds 10.110 8.108 3.6
Reconciliations 10.120 8.119 3.8.1
Reportable segments 10.106 8.103 3.4
Restatement of previously reported information 10.122 8.121 3.9
Scope 10.100 8.97 3.2
Significant differences between Ind AS 108 and AS 10.127 8.126 3.11
Whether a committee of non-executive directors (NEDs) is likely to be the CODM 10.103 8.101 3.3.2

By CA Vinay Kumar YT - Ultimate CA Warrior 35

Ind AS 109 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Amortised cost - What is Amortised cost 11.40 11.44 2.3 (1)
Carve out from IFRS: Equity conversion option embedded in a foreign currency convertible bond 11.109 11.120 3.4.3
Compound financial instruments 11.111 11.121 3.5
Compound financial instruments - Conversion or early settlement of compound financial instruments 3.5.3
11.116 11.127
Compound financial instruments - Separation of non-equity embedded derivatives 11.114 11.125 3.5.2
Compound financial instruments - Split accounting 11.112 11.123 3.5.1
Contingent settlement provisions 11.100 11.110 3.3.3
contract ” and “contractual” 11.90 11.99 3.2
Debt for equity swaps 11.168 11.187 5.4.3
Definition - Derivatives - Future settlement 11.127 11.140 4.2.1 (iii)
Definition - Derivatives - No or little initial net investment 11.125 11.138 4.2.1 (ii)
Definition - Derivatives - Value changes due to an underlying 11.123 11.136 4.2.1 (i)
Definitions - Financial liability and equity 11.89 11.98 3.2
Demand deposits 11.52 11.57 2.5
Derecognition of financial assets 11.148 11.163 5.3
Derecognition of financial assets - Flowchart 11.148 11.164 5.3
derivatives Accounting 11.128 11.141 4.2.1
Derivatives and Embedded Derivatives - Unit 4 11.123 11.136
Determining amortised cost for financial assets carrying floating rate of interest : 11.50 11.55 2.5
Effective interest method - applying 11.40 11.44 2.3 (1)
Embedded derivatives 11.130 11.143 4.2.2
Embedded derivatives - Accounting 11.138 11.152 4.2.2.3
Embedded derivatives - Debt instrument with indexed repayments 11.132 11.146 illus 10
Embedded derivatives - Economic characteristics and risks of the embedded derivative – whether closely 4.2.2.2
11.132 11.146
related to those of the host ?
Embedded derivatives - Foreign currency derivative embedded in contract for purchase or sale of 3
11.136 11.150
non financial items
Embedded Derivatives - Foreign currency embedded derivative 11.141 11.156 illus 15
Embedded derivatives - Lease contracts dependent on inflation index 11.132 11.146 illus 11
Embedded derivatives - Lease contracts dependent on inflation index 11.133 11.146 illus 12
Embedded derivatives - Option and non-option based derivatives 11.137 11.151 4
Embedded derivatives - Prepayment options in debt instruments 11.133 11.147 2
Embedded Derivatives - Reassessment 11.140 11.154 4.2.2.3
Embedded derivatives - Separation of embedded derivatives from host contract 11.131 11.144 4.2.2.1
Embedded derivatives - Underlying indices 11.132 11.146 1
Equity instruments – where FV not determinable 11.55 11.60 2.6
Financial Assets - Accounting for debt instruments when it is classified as FVOCI 11.43 11.48 2.3 (2) (A)
Financial assets - Assets measured at amortised cost 11.53 11.59 2.6 (A)
Financial assets - Assets measured at fair value - FVOCI 11.54 11.59 2.6 (B) (i)
Financial assets - Assets measured at fair value - FVTPL 11.54 11.60 2.6 (B) (ii)
Financial assets - Business model - Determining basis of realisation of contractual cash flows 11.27 11.31 2.2 (A)
Financial assets - Business model - Difference in actual realisation from BM 11.27 11.31 2.2 (A)
Financial assets - Business model - Factors determining BM 11.26 11.30 2.2 (A)
Financial assets - Business model - Financial assets held for trading: 11.28 11.32 2.2
Financial assets - Business model - Level of aggregation of assets for determining BM 11.27 11.31 2.2 (A)
Financial assets - Business model (BM) test 11.26 11.30 A
Financial Assets - classification - Decision tree for classification of financial assets can be understood with 2.4
11.46 11.51
the help of following flow chart
Financial assets - Classification -Overall Concept 11.37 11.41 2.3
Financial assets - Contractual cash flows characteristics test 11.32 11.36 B

By CA Vinay Kumar YT - Ultimate CA Warrior 36

 FR Concept Ind AS wise (A-Z) Index
Ind AS 109
Topic Nov-24 May-25 Heading
Financial assets - Contractual cash flows characteristics test - contractual terms that result in contractual B
11.34 11.38
cash flows that are solely payments of principal and interest on the principal amount outstanding
(Examples):
Financial assets - Contractual cash flows characteristics test - Principal & Interest element 11.32 11.37 B
Financial Assets - derecognition - Accounting treatment of transfers 11.157 11.175 5.3.1
Financial Assets - derecognition - conditions need to be met in such situations for the transaction to 5.3 (5)
11.151 11.167
qualify as a “transfer ”
Financial Assets - derecognition - Continuing involvement in transferred assets (partial de-recognition ) 5.3.1.3
11.158 11.176
Financial Assets - derecognition - entity retains the contractual rights to receive cash flows of a financial 5.3 (5)
11.151 11.167
asset
Financial Assets - derecognition - expiry of right to receive cash flows 11.150 11.166 5.3 (3)
Financial Assets - derecognition - risks and reward - entity has retained substantially all the risks and 5.3 (6)
11.152 11.169
rewards of ownership are (example)
Financial Assets - derecognition - risks and reward - entity has transferred substantially all the risks and 5.3 (6)
11.152 11.169
rewards of ownership are (example)
Financial Assets - derecognition - transferee's ability to sell the financial asset 11.155 11.172 Ex 1
Financial Assets - derecognition - transferee's ability to sell the asset 11.154 11.171 5.3 (7)
Financial Assets - derecognition - transferee's does not have ability to sell the financial asset 11.155 11.172 Ex 2
Financial Assets - derecognition - Transfers that do not qualify for derecognition 11.158 11.175 5.3.1.2
Financial Assets - derecognition - Transfers that qualify for derecognition 11.157 11.175 5.3.1.1
Financial Assets - Equity instrument when it is classified as FVOCI 11.43 11.49 2.3 (2) (B)
Financial assets - Exception to classification based on above criteria mentioned in para 109.4.1.1 – Option 2.3
11.39 11.43
to designate at fair value through profit or loss :
Financial Assets - FV profit and loss 11.44 11.49 2.3 (3)
Financial assets - Initial Measurement 11.48 11.54 2.5
Financial assets - Key elements to determine classification 11.26 11.30 2.2
Financial assets - Measurement 11.45 11.50 2.4
Financial assets - Subsequent Measurement 11.53 11.59 2.6
Financial Assets - Transaction costs - Commitment fee - Integral part of EIR 11.47 11.52 2.4
Financial Assets - Transaction costs - Origination fee - Integral part of EIR 11.46 11.51 2.4
Financial Assets - Transaction costs - Origination fee - Integral part of EIR 11.47 11.52 2.4
Financial Assets - Transaction costs accounting for the purpose of Effective interest rate method 11.46 11.51 2.4
Financial Assets and Financial Liabilities - Classification and Measurement Unit 2 11.26 11.30
Financial assets and financial liabilities held for trading 11.65 11.72 2.7
Financial assets and financial liabilities held for trading - In addition to derivatives that are not accounted 2.7
11.65 11.72
for as hedging instruments, financial liabilities held for trading include:
Financial Assets at Amortised cost 11.40 11.44 2.3 (1)
Financial Assets at Fair Value at Other Comprehensive Income 11.44 11.48 2.3 (2)
Financial Instruments: Equity and Financial Liabilities - Unit 3 11.89 11.98
Financial Liabilities - Classification 11.64 11.71 2.7
Financial Liabilities - Derecognition 11.161 11.179 5.4
Financial Liabilities - Derecognition - Accounting treatment 11.162 11.181 5.4.2.1
Financial Liabilities - Derecognition - Accounting treatment for extinguishment 11.161 11.180 5.4.1.2
Financial Liabilities - Derecognition - Exchange of Financial Liability Instruments 11.162 11.180 5.4.2
Financial Liabilities - Derecognition - Extinguishment accounting (10% test is passed) 11.163 11.182 1
Financial Liabilities - Derecognition - Extinguishment accounting (10% test is passed) 11.163 11.182 Ex-3
Financial Liabilities - Derecognition - General Principles 11.161 11.179 5.4.1
Financial Liabilities - Derecognition - Modification accounting (10% test is NOT passed) 11.165 11.184 2
Financial Liabilities - Derecognition - Modification accounting (10% test is NOT passed) 11.165 11.184 Ex-4
Financial Liabilities - Derecognition - Timing of derecognition 11.161 11.179 5.4.1.1
Financial Liabilities - Measurement 11.67 11.74 2.8
Financial Liabilities - Restructuring of financial liability 11.67 11.74 2.8
By CA Vinay Kumar YT - Ultimate CA Warrior 37
 FR Concept Ind AS wise (A-Z) Index
Ind AS 109
Topic Nov-24 May-25 Heading
Financial liabilities may be designated at fair value through profit or loss 11.65 11.72 2.7
Financial Liability/ Assets - Initial Recognition and Subsequent Measurement 11.26 11.30 2.1
Financial liability/ equity - distinction between the definitions of a financial liability and equity: (flowchart) 11.91 11.100 3.2
Financial Liability/Equity - Difference between measurement requirements of financial liability and equity 2.8
11.73 11.80
and their comparison (diagram)
Hedge - Accounting for qualifying hedging relationships 11.175 11.194 6.5
Hedge - Cash flow hedge 11.176 11.195 6.5
Hedge - Fair value hedge 11.176 11.194 6.5
Hedge - Gain/ loss comprises both hedging instrument and hedged item 11.176 11.195 6.5
Hedge - Hedge of net investment in foreign operation 11.178 11.195 6.5
Hedge - Identifying the hedged item and designation of hedged items 11.172 11.190 6.2
Hedge - Introduction 11.171 11.189 6.1
Hedge - Qualifying criteria for hedge accounting 11.174 11.193 6.4
Hedge - Qualifying instruments for hedge accounting and designation of hedging instruments 11.173 11.191 6.3
Hedge Accounting - Unit 6 11.171 11.189
Impairment 11.78 11.86 2.1
Impairment - 12-month expected credit losses and lifetime expected credit losses? 11.79 11.87 2.10
Impairment - 30 days past due rebuttable presumption 11.82 11.90 2.10
Impairment - credit impaired financial assets 11.82 11.91 2.10
Impairment - credit loss allowance 11.78 11.86 2.10
Impairment - General Approach 11.79 11.87 2.10
Impairment - Measurement of expected credit losses 11.83 11.91 2.10
Impairment - practical expedients when measuring expected credit losses 11.83 11.92 2.10
Impairment - Purchased or originated credit -impaired (POCI) financial assets approach 11.79 11.87 2.10
Impairment - Scope 11.78 11.86 2.10
Impairment - Simplified Approach 11.79 11.87 2.10
Impairment - whether credit risk has increased significantly 11.80 11.88 2.10
Impairment - whether it should apply 12-month ECL or lifetime ECL ? 11.79 11.88 2.10
Impairment model does not apply to 11.78 11.86 2.10
Indicators that cost might not be representative of fair value include 11.55 11.61 2.6
Initial recognition 11.144 11.159 5.1
Instrument at off-market terms 11.48 11.54 2.5
Interest income after impairment recognition 11.51 11.56 2.5
Interest, dividends, losses and gains 11.119 11.130 3.7
Loans between group companies - No fixed maturity 11.52 11.57 2.5
Loans between group companies - Repayable on demand 11.51 11.57 2.5
Non-financial item - Contracts for purchase or sale of non-financial item 11.140 11.154 illus 14
Obligation to deliver cash 11.92 11.101 3.3
Obligation to purchase own equity instruments 11.100 11.110 3.3.2
Offsetting a financial asset and a financial liability 11.120 11.131 3.8
Prepayment premium - Accounting treatment 11.71 11.79 2.8 (a)
Processing fee for new loan - Accounting treatment 11.72 11.79 2.8 (c)
Puttable instruments and obligations arising on liquidation-Exceptions to classification as ’financial 3.3.1
11.94 11.104
liability’ for instruments settled in cash or another financial assets
Reclassification - Amortised cost to FVOCI 11.75 11.83 2.9 Case 2
Reclassification - Amortised cost to FVTPL 11.75 11.82 2.9 Case 1
Reclassification - Changes in circumstances are not reclassifications 11.74 11.82 2.9
Reclassification - Financial liabilities are not permitted to be reclassified 11.75 11.82 2.9
Reclassification - FVOCI to Amortised cost 11.76 11.84 2.9 Case 5
Reclassification - FVOCI to FVTPL 11.77 11.85 2.9 Case 6
Reclassification - FVTPL to Amortised cost 11.76 11.83 2.9 Case 3
Reclassification - FVTPL to FVOCI 11.76 11.84 2.9 Case 4
By CA Vinay Kumar YT - Ultimate CA Warrior 38
Ind AS 109 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Reclassification - Not changes in business model - Examples 11.74 11.82 2.9
Reclassification - Puttable Financial instruments 11.98 11.108 3.3.1.1
Reclassification of financial assets - Accounting 11.74 11.81 2.9
Reclassification of Financial Assets and Financial Liabilities 11.73 11.81 2.9
Recognition and Derecognition of Financial Instruments - Unit 5 11.144 11.159
Recognition principle – when are assets or liabilities recognised? 11.144 11.159 5.1
Regular way purchase or sale of financial assets 11.145 11.160 5.2
Regular way purchase or sale of financial assets - Trade date or Settlement date accounting 11.145 11.161 5.2
Revision of estimated cash flows 11.51 11.56 2.5
Rights issues, options or warrants to acquire entity's own equity instruments for any currency 11.109 11.120 3.4.3
Settlement by delivery of instruments that meet conditions for exceptions to classification as financial 3.4.2
11.109 11.119
liability
Settlement in entity's own equity instruments 11.102 11.112 3.4
Settlement options 11.108 11.119 3.4.1
Transaction costs 11.49 11.54 2.5
Treasury shares 11.118 11.130 3.6
Unamortised processing fee of old loan - Accounting treatment 11.72 11.79 2.8 (b)
Written put options over non-controlling interests 11.101 11.111 3.3.4

By CA Vinay Kumar YT - Ultimate CA Warrior 39

Ind AS 110 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Capital reserve - Calculation 13.60 13.61 4.2.1
Chain control - Meaning 13.93 13.94 4.2.12.1
Chain-holding under consolidation 13.93 13.94 4.2.12
Consolidation procedure for subsidiaries 13.58 13.59 4.2
Consolidation procedures in case of chain-holding 13.93 13.94 4.2.12.2
Control - Continuous assessment 13.45 13.47 3.6
Control Evaluation 13.10 13.10 3.3
Control obtained over a subsidiary without the transfer of consideration 13.67 13.68 4.2.3
Control of specified assets 13.44 13.46 3.5
Control of specified assets - investor shall treat a portion of an investee as a deemed separate entity if 3.5
13.44 13.46
and only if the following condition is satisfied: deemed separate entity is often called a ‘silo’
Definitions 13.5 13.5
Elimination of intra-group transactions 13.77 13.78 4.2.9
Exposure , or rights , to variable returns from an investee 13.32 13.32 3.3.2
Exposure , or rights , to variable returns from an investee - examples of variable returns 13.32 13.33 3.3.2
Exposure , or rights , to variable returns from an investee - Reputational risk 13.33 13.34 3.3.2
Goodwill - Calculation 13.59 13.60 4.2.1
goodwill / capital reserve and determination of non-controlling interest on the date of acquisition of 4.2.1
13.59 13.60
control over a subsidiary - Calculation
Goodwill / capital reserve when the interest in subsidiary is acquired on different dates (i.e. step 4.2.2
13.65 13.66
acquisition) - Calculation
How to identify the relevant activities and how the decisions about those activities are made? 13.11 13.11 3.3.1
Income and expense of subsidiary - Measurement 13.70 13.71 4.2.5
Investment entity 13.46 13.48 3.7
Investment entity - Accounting for a change in investment entity status 13.108 13.108 4.4
Investment entity - Accounting when an entity becomes an investment entity 13.109 13.109 4.4.2
Investment entity - Accounting when an entity ceases to be an investment entity 13.108 13.108 4.4.1
Investment entity - Business Purpose 13.48 13.49 3.7.1.1
Investment entity - Business Purpose - Documents or other evidence that indicate the entity’s investment 3.7.1.1
13.48 13.49
objectives are include
Investment entity - Business Purpose - participate in the following investment-related activities if these 3.7.1.1
activities are undertaken to maximise the investment return (capital appreciation or investment income)
13.48 13.49
from its investees and do not represent a separate substantial business activity or a separate substantial
source of income to the investment entity:
Investment entity - Determining whether an entity is an investment entity 13.46 13.48 3.7.1
Investment entity - Earnings from investments 13.51 13.52 3.7.1.3
Investment entity - Earnings from investments - other benefits include 13.51 13.53 3.7.1.3
Investment entity - Exemptions to investment entities 13.55 13.57 3.7.2
Investment entity - Exit strategies 13.50 13.51 3.7.1.2
Investment entity - Exit strategies - For investments in private equity securities, equity securities traded in 3.7.1.2
13.50 13.51
a public market, real estate investments
Investment entity - Fair value measurement 13.52 13.54 3.7.1.4
Investment entity - Fair value measurement - order to meet the requirement of measuring investments at 3.7.1.4
13.53 13.55
fair value, an investment entity would:
Investment entity - More than one investment 13.53 13.55 3.7.1.5
Investment entity - More than one investor 13.54 13.56 3.7.1.6
Investment entity - Ownership interests 13.55 13.56 3.7.1.8
Investment entity - Unrelated investors 13.54 13.56 3.7.1.7
Link between power and returns 13.34 13.34 3.3.3
Link between power and returns - decision maker shall consider the overall relationship between itself, the 3.3.3
investee being managed and other parties involved with the investee, in particular all the factors below, in 13.34 13.35
determining whether it is an agent :

By CA Vinay Kumar YT - Ultimate CA Warrior 40

Ind AS 110 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Link between power and returns - exposure to variability of returns (evaluating), the decision maker shall 3.3.3
13.37 13.37
consider the magnitude of variability as follows
Link between power and returns - Exposure to variable returns from other interests in the investee 13.36 13.37 3.3.3
Link between power and returns - Other substantive rights 13.35 13.36 3.3.3
Link between power and returns - Removal rights 13.35 13.35 3.3.3
Link between power and returns - Remuneration from the investee 13.35 13.36 3.3.3
Link between power and returns - Rights held by other parties 13.34 13.35 3.3.3
Link between power and returns - scope of the decision-making authority 13.34 13.35 3.3.3
Link between power and returns - table summarises the above illustrations on link between power and 3.3.3
13.41 13.43
returns by highlighting each of the factors for evaluating link between power and returns:
Loss of control 13.100 13.101 4.3
Loss of control of a subsidiary - Accounting treatment 13.100 13.101 4.3.1
Loss of control of a subsidiary in two or more arrangements (transactions) 13.106 13.106 4.3.2
Non-controlling interest - Allocating share in profit / loss to non-controlling interest and change in the 4.2.10
13.81 13.82
proportion held by controlling and non-controlling interest
Non-controlling interest - Allocating share in profit / loss to non-controlling interests 13.81 13.82 4.2.10.1
Non-controlling interest - Change in the proportion held by controlling and non-controlling interests 4.2.10.2
13.85 13.85
Non-controlling interest - dividend from subsidiary and its impact on non-controlling interest - 13.73 13.74 4.2.8
Accounting
Non-controlling interest - Measurement 13.60 13.61 4.2.1
Objective 13.6 13.6 3.1
Potential voting rights held in subsidiary - Accounting 13.71 13.72 4.2.6
Power 13.10 13.11 3.3.1
Power - activities related to operating and financing activities that can be relevant activities include, but 3.3.1
13.11 13.11
not limited to:
Power - Contractual arrangements 13.28 13.28 3.3.1.3.2
Power - Current ability to direct relevant activities 13.13 13.13 3.3.1
Power - investor has more than a passive interest in the investee and, in combination with other rights, 3.3.1.3.2
13.31 13.31
may indicate power:
Power - investor shall consider evidence of whether it has the practical ability to direct the relevant 3.3.1.3.2
13.30 13.30
activities unilaterally (examples)
Power - Other than through voting rights 13.27 13.27 3.3.1.3.2
Power - Other than through voting rights - Purpose and design of the investee 13.27 13.28 3.3.1.3.2
Power - Potential voting rights 13.27 13.27 3.3.1.3.1
Power - Power through voting rights - majority of the voting rights 13.23 13.23 3.3.1.3.1A
Power - Power through voting rights - without a majority of the voting rights 13.24 13.24 3.3.1.3.1B
Power - Power through voting rights - without a majority of the voting rights - examples 13.24 13.24 3.3.1.3.1B
Power - Power through voting rights - without a majority of the voting rights - examples - Contractual 3.3.1.3.1B
13.24 13.24
arrangement with other vote holders
Power - Power through voting rights - without a majority of the voting rights - examples - investor's voting 13.24 13.25 3.3.1.3.1B
rights
Power - Power through voting rights - without a majority of the voting rights - examples - Potential voting 13.27 13.27 3.3.1.3.1B
rights - Power through voting rights - without a majority of the voting rights - examples - Rights from
Power 3.3.1.3.1B
13.24 13.24
other contractual arrangements
Power - Protective rights 13.20 13.20 2
Power - Protective rights - Franchises 13.22 13.22 2
Power - Protective rights - Franchises - Salient features of a franchise agreement that indicate that rights 2
13.22 13.22
of franchisor are protective rights
Power - Rights that give power to an investor 13.14 13.15 3.3.1.1
Power - Special relation between investor and investee 13.30 13.30 3.3.1.3.2
Power - Substantive rights 13.16 13.16 1
Power - Substantive rights - factors that should be considered while assessing whether the rights are 1
13.16 13.16
substantive or not:
By CA Vinay Kumar YT - Ultimate CA Warrior 41
 Ind AS 110 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Power - Substantive rights vs Protective Rights 13.15 13.16 3.3.1.1A
Power - Substantive rights vs Protective Rights - effect of substantive and protective rights is summarised 13.21 13.21 3.3.1.1A
below:
Power - Voting rights 13.23 13.23 3.3.1.3
Preparation of consolidated financial statements after applying above principles 13.92 13.93 4.2.11
Relationship with other parties 13.43 13.44 3.4
Relationship with other parties - examples of other parties that, by the nature of their relationship, might 3.4
13.44 13.45
act as de facto agents for the investor:
Reporting period of parent and subsidiary 13.71 13.72 4.2.7
Scope 13.6 13.6 3.2
Significant Differences Between Ind AS 110 And AS 13.110 13.110 4.5
Uniform accounting policies 13.68 13.69 4.2.4
Unrealised losses 13.78 13.79 4.2.9.3
Unrealised profit on inventories 13.78 13.79 4.2.9.1
Unrealised profit on transfer of non-current assets 13.78 13.79 4.2.9.2
What is power? 13.10 13.11 3.3.1

By CA Vinay Kumar YT - Ultimate CA Warrior 42

Ind AS 111 & 112 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

JO - Accounting by an entity that is a party to the joint operation but does not have joint control 13.137 13.139 5.5.4
JO - Accounting for acquisitions of interests in joint operations in separate and consolidated financial 5.7
13.138 13.140
statement of joint operator
JO - Accounting for purchases of assets from a joint operation in separate and consolidated financial 5.5.3
13.136 13.138
statement of joint operator
JO - Accounting for sales or contributions of assets to a joint operation in separate and consolidated 5.5.2
13.135 13.137
financial statement of joint operator
JO - Accounting of interest in joint operations in separate and consolidated financial statement of 5.5.1
13.133 13.135
joint operator
JO - Accounting of joint operations 13.132 13.134 5.5
JO/JV - Assessing other facts and circumstances 13.129 13.13 5.4.1.2.3
JO/JV - Assessing the terms of the contractual arrangement 13.127 13.128 5.4.1.2.2
JO/JV - Assessment of whether a joint arrangement is a joint operation or a joint venture 13.123 13.124 5.4.1
JO/JV - Joint arrangements not structured through a separate vehicle 13.124 13.125 5.4.1.1
JO/JV - Joint arrangements structured through a separate vehicle 13.125 13.126 5.4.1.2
JO/JV - legal form of the separate vehicle 13.125 13.127 5.4.1.2.1
JO/JV - Multiple joint arrangements under single framework agreement 13.131 13.133 5.4.2
Joint arrangement - Assessment 13.113 13.113 5.3
Joint arrangement - Assessment - Contractual arran gement 13.114 13.114 5.3.1
Joint arrangement - Assessment - Flowchart 13.114 13.116 5.3
Joint arrangement - Assessment - Joint control 13.114 13.114 5.3.2
Joint arrangement - Types - Joint operation and joint venture 13.123 13.123 5.4
JV - Accounting by an entity that is a party to the joint venture but does not have joint control 13.137 13.139 5.6.3
JV - Accounting in the consolidated financial statements 13.137 13.139 5.6.1
JV - Accounting in the separate financial statements 13.137 13.139 5.6.2
JV - Accounting of joint ventures 13.137 13.139 5.6
Objective 13.113 13.113 5.1
Scope 13.113 13.113 5.2
Significant Differences Between Ind AS 111 And AS 13.139 13.141 5.8
Disclosure for subsidiary, associate or joint venture classified as held for sale 13.194 13.198 8
Disclosure in separate financial state ments as per Ind AS 13.195 13.198 Part B
Disclosure of interests in other entities as per Ind AS 13.182 13.186 Part A
Disclosures - Consequences of changes in a parent's ownership interest in a subsidiary that do not 8.3.3
13.189 13.194
result in a loss of control
Disclosures - Consequences of losing control of a subsidiary during the reporting period 13.189 13.194 8.3.4
Disclosures - Interest that non-controlling interests have in the group's activ ities and cash flows 13.187 13.192 8.3.1
Disclosures - Nature of the risks associated with an entity's interests in consolidated structured entities 8.3.2
13.189 13.193
Disclosures - Nature, extent and financial effects of an entity's interests in joint arrangements and 8.4.1
13.190 13.194
associates
Disclosures related to interests in subsidiaries 13.186 13.191 8.3
Disclosures for joint venture and associate 13.192 13.196 8.5.2
Disclosures for subsidiary that has non-controlling interests that are material 13.192 13.196 8
Disclosures of summarised financial information for subsidiaries, joint ventures and associates 13.191 13.195 8.5
Disclosures related to interests in joint arrangements and associates 13.190 13.194 8.4
Objective 13.182 13.186 8.1
Scope 13.185 13.189 8.2

By CA Vinay Kumar YT - Ultimate CA Warrior 43

 FR Concept Ind AS wise (A-Z) Index
Ind AS 113
Topic Nov-24 May-25 Heading
Definition 4.90 4.87 3.4
Definition - Fair Value 4.90 4.87 3.4
Extracts of financial statements of listed entity 4.115 4.113 3.17
Fair Value - Asset / Liability specific restrictions 4.92 4.89 Ex-3
Fair Value - Asset or liability specific fair value 4.91 4.88 3.5
Fair Value - Diamond (a commodity) - cap the export of Diamond - highest level of activities with the Ex-8
4.94 4.91
highest volume is being done in the domestic market
Fair Value - Disclosures 4.113 4.111 3.16
Fair Value - Entity Specific restrictions 4.92 4.89 Ex-2
Fair Value - Liability/Equity - Applying fair value rules to liabilities and an entity's own equity instruments - 3.11
4.101 4.98
Observable and Un-Observable Inputs
Fair Value - Liability/Equity - When liability & equity instr. are held by other parties as assets 4.102 4.99 3.11.1
Fair Value - Liability/Equity - When liability & equity Instr. are not held by other parties as assets 4.102 4.99 3.11.2
Fair Value - Market participants 4.94 4.92 3.8
Fair value - Market participants - restriction based on assumptions taking into account by its market 4.95 4.92 Ex-9
participants ,
Fair Value - Market participants - What are market participants 4.95 4.92 3.8.1
Fair Value - Most advantageous market 4.94 4.91 3.7.2
Fair Value - Non Financial Asset - Applying fair value rules on non-financial assets 4.98 4.95 3.1
Fair Value - Non Financial Asset - Fair value of customer relations 4.100 4.98 Ex-14
Fair Value - Non Financial Asset - Highest and best use 4.98 4.95 3.10.1
Fair Value - Non Financial Asset - Highest and Best Use - Current use 4.99 4.96 Ex-12
Fair Value - Non Financial Asset - Highest and Best Use - Potential use 4.99 4.97 Ex-13
Fair Value - Non Financial Asset - Highest and best use for non-financial asset - Analysis 4.98 4.96 3.10.1
Fair Value - Non Financial Asset - Valuation premise 4.100 4.97 3.10.2
Fair Value - Offsetting - Applying fair value rules to financial asset & financial liability with offsetting 3.12
4.102 4.100
position in market risk or counterparty risk
Fair Value - Offsetting - Applying offsetting position in market or credit risk - analysis 4.103 4.100 3.12
Fair Value - Price 4.95 4.93 3.9
Fair Value - Price - Transaction cost 4.96 4.94 3.9.1
Fair Value - Price - Transport cost 4.96 4.94 3.9.2
Fair Value - Price - Transport cost is not a transaction cost ? 4.97 4.94 Ex-10
Fair Value - Principal market 4.93 4.91 3.7.1
Fair Value - Principal market - BSE and NYSE - greatest volume and activity 4.94 4.91 Ex-7
Fair Value - Settlement vs Transfer 4.91 4.88 Ex-1
Fair Value - transaction 4.93 4.90 3.7
Fair Value - Unit of Account - level of aggregation or disaggregation 4.92 4.89 3.6
Fair Value - Valuation techniques 4.105 4.102 3.14
Fair Value - Valuation techniques - COST APPROACH 4.108 4.106 3.14 (3)
Fair Value - Valuation techniques - INCOME APPROACH 4.106 4.104 3.14 (2)
Fair Value - Valuation techniques - Inputs 4.108 4.106 3.15
Fair Value - Valuation techniques - Inputs - Level 1- Adjustment to Quoted Price when it does not reflect 3.15.1.1
4.110 4.108
the fair price
Fair Value - Valuation techniques - Inputs - Level 1 Inputs 4.109 4.107 3.15.1
Fair Value - Valuation techniques - Inputs - Level 2 Inputs 4.111 4.109 3.15.2
Fair Value - Valuation techniques - Inputs - Level 3 Inputs 4.112 4.110 3.15.3
Fair Value - Valuation techniques - MARKET APPROACH 4.106 4.103 3.14 (1)
Fair value at initial recognition 4.104 4.101 3.13
Fair value at initial recognition - transaction price might not represent the fair value of an asset or a 3.13
4.104 4.101
liability at initial recognition if any of the following conditions exist:
Scope 4.89 4.86 3.3
Scope - What is not covered - Disclosure exclusion 4.90 4.87 3.3.1.2
Scope - What is not covered - Measurement and Disclosure exclusion 4.90 4.87 3.3.1.1
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Ind AS 115 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Accounting for restocking fees for goods that are expected to be returned (Step 3) 5.58 9.60 7.1.6
Bill-and-hold 5.117 9.120 9.4
Combining contracts (Step 1) 5.13 9.13 5.4
Consideration payable to a customer (Step 3) 5.78 9.80 7.4
Consignment Arrangements (Step 2) 5.38 9.40 6.5
Contract Costs 5.124 9.127 10
Contract Costs - acquisition costs - Ind AS 115 v/s AS 9 5.126 9.129 10.1
Contract Costs - Amortisation and impairment 5.128 9.131 10.3
Contract Costs - Costs to fulfil a contract (contract fulfilment costs) 5.126 9.130 10.2
Contract Costs - Costs to obtain a contract (contract acquisition costs) 5.124 9.128 10.1
Contract Modifications - Accounting for the modification (Step 1) 5.16 9.16 5.5.2
Contract Modifications - Identifying a modification (Step 1) 5.15 9.16 5.5.1
Contract Modifications - Modifications that constitute separate contracts (Step 1) 5.17 9.17 5.5.2.1
Contract Modifications - Modifications that do not constitute separate contracts (Step 1) 5.18 9.18 5.5.2.2
Contract Modifications (Step 1) 5.15 9.15 5.5
contract not have significant financing component if any factors exist (Step 3) 5.70 9.71 7.2
Contract term - Termination (Step 1) 5.12 9.12 5.3.1
Contract term (Step 1) 5.12 9.12 5.3
Contracts that do not pass Step 1: Reassessing the Step 1 criteria (Step 1) 5.11 9.12 5.2
Control - Does the customer acquire control over a period of time or at a point in time (Step 5) 5.97 9.100 9.2
Control - Transfer of control at a point in time (Step 5) 5.110 9.114 9.2.2
Control - Transfer of control over a period of time - Asset does not have alternate use to the seller entity 9.2.1
5.101 9.104
(Step 5)
Control - Transfer of control over a period of time - Customer simultaneously receives and consumes the 9.2.1 (a)
5.98 9.101
benefits provided by the entity's performance as the entity performs (Step 5)
Control - Transfer of control over a period of time - entity's performance creates or enhances an asset 9.2.1 (b)
5.100 9.103
that the customer controls as the asset is created or enhanced (Step 5)
Control - Transfer of control over a period of time - entity's performance does not create an asset with an 9.2.1 (c)
alternative use to the entity and the entity has an enforceable right to payment for performance 5.100 9.103
completed to date (Step 5)
Control - Transfer of control over a period of time - Methods of measuring progress of a performance 9.2.1
5.106 9.109
obligation satisfied over time - Input and Output methods (Step 5)
Control - Transfer of control over a period of time - Other considerations in measuring progress of work: 9.2.1
5.110 9.114
Stand-Ready Obligations (Step 5)
Control - Transfer of control over a period of time - Right to payment for performance completed to date 9.2.1
5.102 9.105
(Step 5)
Control - Transfer of control over a period of time (Step 5) 5.97 9.100 9.2.1
Control - What does transfer of control mean (Step 5) 5.96 9.98 9.1
Control of an asset refers to 5.96 9.99 9.1
Co-operative advertising arrangements - Consideration payable to a customer (Step 3) 5.80 9.82 2
Criteria for recognizing a contract (Step 1) 5.7 9.7 5.1
Criteria for recognizing a contract (Step 1) - contract may not pass Step 1, but the entity may still transfer 5.1
goods or services to the customer and receive non-refundable consideration in exchange for those goods
or services. In that circumstance, the entity cannot recognize revenue for the non-refundable 5.8 9.8
consideration received until either the Step 1 criteria are subsequently met, or one of the events outlined
below has occurred:
Customer can benefit either on a stand-alone basis or with other readily available resources (Step 2) 6.1.1
5.23 9.23
Customer options for additional goods or services (Step 2) 5.34 9.36 6.3
Customer-provided goods or services (Step 3) 5.77 9.79 7.3.2
Definitions 5.4 9.4 2
Definitions - Performance obligation 5.5 9.5 2
By CA Vinay Kumar YT - Ultimate CA Warrior 45
Ind AS 115 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Definitions - Transaction price (for a contract with customer) 5.5 9.5 2
Disclosure - Revenue from Operations 5.129 9.133 11.2
Extracts of financial statements of listed entity 5.140 9.143 13
Identifying the contract - Criteria for recognizing a contract - contract has commercial substance (Step 1) 5.1.4
5.10 9.10
Identifying the contract - Criteria for recognizing a contract - entity can identify each party’s rights (Step 1) 5.1.2
5.10 9.10
Identifying the contract - Criteria for recognizing a contract - entity can identify the payment terms for the 5.1.3
5.10 9.10
goods or services (Step 1)
Identifying the contract - Criteria for recognizing a contract - It is probable the entity will collect 5.1.5
5.11 9.10
substantially all of the consideration (Step 1)
Identifying the contract - Criteria for recognizing a contract - parties have approved the contract and are 5.1.1
5.9 9.9
committed to perform (Step 1)
Identifying the contract (Step 1) 5.7 9.7 5
Licences of intellectual property 5.119 9.123 9.5
Licences of intellectual property - Right to access 5.120 9.123 9.5.1
Licences of intellectual property - Right to use 5.120 9.124 9.5.2
Long term arrangements (Step 2) 5.38 9.39 6.4
Loyalty Points - entity might satisfy its promise to provide customers with loyalty points when those 6.6
5.41 9.42
points are transferred to the customer if:
Non-cash consideration - Subsequent measurement (Step 3) 5.75 9.77 7.3.1
Non-cash consideration (Step 3) 5.75 9.77 7.3
Non-refundable upfront fees (Step 2) 5.44 9.45 6.7
Penalties (Step 3) 5.48 9.49 7.1.1
Performance obligation - Criteria for identifying performance obligation (Step 2) 5.20 9.20 6.1
Performance obligation - Distinct - Promise to transfer a series of distinct goods or services that are B
5.27 9.28
substantially the same and have the same pattern of transfer (Step 2)
Performance obligation - Distinct performance obligations (Step 2) 5.22 9.23 A
Performance obligation - Explicit promise of service (Step 2) 5.21 9.22 6.1
Performance obligation - Implicit promise of service (Step 2) 5.22 9.22 6.1
Performance obligation - Multiple Element Arrangements /Goods and services that are not distinct (Step 6.2
5.29 9.29
2)
Performance obligation - Separately identifiable - Highly interdependent or highly interrelated (Step 2) 6.1.2.3
5.25 9.25
Performance obligation - Separately identifiable - Significant integration service (Step 2) 5.24 9.24 6.1.2.1
Performance obligation - Separately identifiable - Significant modification or customization (Step 2) 5.24 9.25 6.1.2.2
Presentation - Revenue from Operations 5.129 9.132 11.1
Presentation & disclosure - Revenue from Operations 5.129 9.132 11
Price protection - Consideration payable to a customer(Step 3) 5.80 9.82 3
Principal vs agent consideration (Step 2) 5.40 9.41 6.6
Refund liabilities (Step 3) 5.51 9.52 7.1.3
Repurchase agreements 5.112 9.116 9.3
Repurchase agreements - Forward or call option 5.113 9.116 9.3 A
Repurchase agreements - Put option 5.114 9.117 9.3 B
Repurchase agreements - Put option - Summary/Decision tree 5.115 9.118 9.3 B
Sale with a right of return (Step 3) 5.57 9.58 7.1.6
Sales-based or usage -based royalties (Step 3) 5.64 9.65 7.1.8
Scope 5.3 9.3 1
Separately identifiable from other promises in the contract (Step 2) 5.23 9.24 6.1.2
Service Concession Arrangements 5.131 9.135 12
Service Concession Arrangements - About Arrangement 5.131 9.135 12.1
Service Concession Arrangements - Accounting Principles 5.132 9.136 12.2

By CA Vinay Kumar YT - Ultimate CA Warrior 46

Ind AS 115 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Service Concession Arrangements - Accounting Principles - Borrowing costs incurred by the operator 12.2.5
5.134 9.138
Service Concession Arrangements - Accounting Principles - Consideration given by the grantor to the 12.2.3
5.133 9.137
operator
Service Concession Arrangements - Accounting Principles - Contractual obligations to restore the 12.2.4
5.134 9.137
infrastructure to a specified level of serviceability
Service Concession Arrangements - Accounting Principles - Financial asset 5.134 9.138 12.2.6
Service Concession Arrangements - Accounting Principles - Intangible asset 5.134 9.138 12.2.7
Service Concession Arrangements - Accounting Principles - Intangible asset - Ind AS 115 v/s AS 9 5.134 9.138 12.2.7
Service Concession Arrangements - Accounting Principles - Items provided to the operator by the grantor 12.2.8
5.135 9.138
Service Concession Arrangements - Accounting Principles - Recognition and measurement 5.132 9.136 12.2.2
Service Concession Arrangements - Accounting Principles - Treatment of the operator’s rights over the 12.2.1
5.132 9.136
infrastructure
Service Concession Arrangements - Disclosures 5.136 9.140 12.3
Significant Differences in Ind AS 115 vis-à-vis AS 7 and AS 5.143 9.143 14
Significant financing component - Ind AS 115 v/s AS 9 5.67 9.69 7.2
Significant financing component (Step 3) 9.71 9.64 7.2
Slotting fees - Consideration payable to a customer (Step 3) 5.79 9.81 1
Step 2: Identifying performance obligations (Step 2) 5.20 9.20 6
Step 3: Determining the transaction price (Step 3) 5.45 9.46 7
Step 4: Allocating the transaction price to performance obligations (Step 4) 5.82 9.84 8
Step 5: Satisfying performance obligation (Step 5) 5.95 9.97 9
Transaction price - Allocation of a discount (Step 4) 5.85 9.88 8.1.1
Transaction price - Allocation of variable consideration (Step 4) 5.90 9.92 8.1.2
Transaction price - Changes in the transaction price (Step 4) 5.92 9.95 8.2
Transaction price - Determining stand-alone selling price (Step 4) 5.82 9.84 8.1
Transaction price - How to allocate variable consideration? (Step 4) 5.90 9.92 8.1.2
Transaction price - Stand-alone selling price - Adjusted market assessment approach 5.83 9.86 8.1
Transaction price - Stand-alone selling price - Expected cost plus a margin approach 5.84 9.86 8.1
Transaction price - Stand-alone selling price - Residual approach 5.84 9.86 8.1
Transaction price - Stand-alone selling price - Suitable methods for estimating the stand-alone selling price 5.83 9.86 8.1
Transaction price - When to allocate discount to ‘less than all’ performance obligations? (Step 4) 5.86 9.88 8.1.1
Transition - effective for annual reporting periods beginning on or after 1st April, 20X2 5.6 9.6 4
Variable consideration - Constraining estimates of variable consideration (Step 3) 5.52 9.50 7.1.4
Variable consideration - Estimating the amount of variable consideration - expected value (Step 3) 5.48 9.49 7.1.2 (a)
Variable consideration - Estimating the amount of variable consideration - most likely amount (Step 3) 7.1.2 (b)
5.48 9.50
Variable consideration - Estimating the amount of variable consideration (Step 3) 5.48 9.49 7.1.2
Variable consideration - in addition to the terms of the contract, the promised consideration is variable if 5.47 9.48 7.1
Variable consideration - Reassessment of variable consideration (Step 3) 5.52 9.50 7.1.5
Variable consideration (Step 3) 5.46 9.48 7.1
Volume discount incentive (Step 3) 5.52 9.54 illus 31
Warranties - Ind AS 115 v/s AS 9 5.61 9.64 7.1.7
Warranties (Step 3) 5.60 9.61 7.1.7

By CA Vinay Kumar YT - Ultimate CA Warrior 47

 FR Concept Ind AS wise (A-Z) Index
Ind AS 116
Topic Nov-24 May-25 Heading
Amounts previously recognised in respect of business combinations 6.496 5.492 8.7.7
Cancellable leases: 6.400 5.394 8.3.2
Contract combinations 6.393 5.387 8.2.3
Determining and allocating the consideration in the contract – Lessee 6.391 5.385 8.2.2.3
Determining and allocating the consideration in the contract – Lessors 6.393 5.387 8.2.2.4
Disclosure - Lessee 6.451 5.446 8.4.6
Disclosure - Lessor 6.470 5.464 8.5.6
Disclosure - Sub-leases 6.475 5.469 8.6.1.3
Disclosure - Transition 6.494 5.489 8.7.4
Discount rates 6.416 5.410 8.3.6
Economic life 6.418 5.412 8.3.7
Exercise price of a purchase option 6.411 5.405 8.3.3.3
Extracts of financial statements of listed entity 6.497 5.492 8.8
Fair Value - purposes of applying the lessor accounting requirements 6.418 5.412 8.3.8
Fixed lease payments 6.405 5.399 8.3.3.1
Head leases do not qualify as low value assets 6.368 5.362 8.1.3
Identified Asset 6.371 5.365 8.2.1.1
Identified Asset – Physically Distinct: 6.376 5.369 8.2.1.1
Identifying and separating lease components of a contract 6.387 5.381 8.2.2.1
Inception and commencement of lease 6.394 5.388 8.3.1
Income tax accounting - Lessee 6.453 5.448 8.4.7
Initial direct costs 6.415 5.409 8.3.5
Initial direct costs - Examples of costs included and excluded 6.415 5.409 8.3.5
In-substance fixed lease payments 6.406 5.400 8.3.3.1
Interest rate implicit in the lease’ 6.416 5.411 8.3.6
Key concepts 6.394 5.388 8.3
Key differences between Ind AS 116 and AS 6.509 5.508 8.10
Key differences between Ind AS 17 and Ind AS 116 6.501 5.497 8.9
Lease incentives 6.406 5.402 8.3.3.1
Lease payments 6.405 5.399 8.3.3
Lease payments - Exclusion of payments for calculating lease liability: 6.405 5.399 8.3.3
Lease payments - Lessor/Lessee - summary 6.413 5.407 8.3.3
Lease term 6.396 5.390 8.3.2
Leases Previously Classified as Finance Leases 6.483 5.479 8.7.3.2
Leases Previously Classified as Operating Leases 6.482 5.477 8.7.3.1
Lessee - Expense recognition 6.424 5.418 8.4.2.3
Lessee - Initial recognition and measurement 6.418 5.412 8.4.1
Lessee - Lease liability - measuring 6.418 5.413 8.4.1
Lessee - Lease liability - Subsequent measurement 6.424 5.418 8.4.2.2
Lessee - Lease modifications 6.435 5.429 8.4.4
Lessee - Leases denominated in a foreign currency 6.431 5.425 8.4.2.5
Lessee - Modification – Separate lease 6.436 5.430 8.4.4
Lessee - Modification- Not Separate Lease: 6.437 5.431 8.4.4
Lessee - Remeasurement - Lessees to REMEASURE LEASE LIABILITIES upon a change in lease payments on 8.4.3
6.432 5.426
account of ANY of the following
Lessee - Remeasurement - When to use the ‘original’ and a ‘revised’ discount rate? 6.432 5.426 8.4.3
Lessee - Right-of-use asset - measuring 6.420 5.414 8.4.1
Lessee - Right-of-use assets (ROU Asset) - Cost model 6.423 5.417 8.4.2.1
Lessee - Right-of-use assets (ROU Asset) - Depreciation 6.423 5.417 8.4.2.1
Lessee - Right-of-use assets (ROU Asset) - Impairment 6.431 5.425 8.4.2.4
Lessee - Right-of-use assets (ROU Asset) - Revaluation model 6.423 5.418 8.4.2.1
Lessee - Right-of-use assets (ROU Asset) - Subsequent measurement 6.422 5.417 8.4.2.1

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Ind AS 116 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Lessee - Subsequent measurement 6.422 5.417 8.4.2
Lessee accounting 6.418 5.412 8.4
Lessee involvement before commencement date 6.414 5.408 8.3.4
Lessee reimbursements – whether a separate component of a contract? 6.390 5.383 8.2.2.2
Lessor - Economic substance of the lease arrangement - Other considerations 6.455 5.451 8.5.1
Lessor - Finance Lease Modification 6.465 5.462 8.5.4.1
Lessor - Finance leases 6.456 5.452 8.5.2
Lessor - Gross investment in the lease 6.456 5.452 8.5.1
Lessor - Initial direct costs - by Manufacturer or Dealer Lessors 6.458 5.454 8.5.2.3
Lessor - Initial Measurement - Finance lease 6.456 5.452 8.5.2.2
Lessor - Initial Measurement - Manufacturer or Dealer Lessors 6.457 5.453 8.5.2.3
Lessor - Lease classification 6.453 5.448 8.5.1
Lessor - Lease classification - additionally, Ind AS 116 lists the following indicators of situations that, 8.5.1
6.455 5.449
individually or in combination, could also lead to a lease being classified as a FINANCE LEASE :
Lessor - Lease classification - examples that individually, or in combination, would normally lead to a lease 8.5.1
6.454 5.449
being classified as a FINANCE LEASE
Lessor - Lease classification test for land and buildings 6.455 5.451 8.5.1
Lessor - Lease modifications 6.465 5.462 8.5.4
Lessor - Net investment in the lease - Impairment 6.464 5.461 8.5.2.4
Lessor - Net investment in the lease - Remeasurement 6.459 5.455 8.5.2.4
Lessor - Operating Lease Modification 6.466 5.462 8.5.4.2
Lessor - Operating leases 6.464 5.461 8.5.3
Lessor - Reassessment of lease classification: 6.456 5.451 8.5.1
Lessor - Recognition - Finance lease 6.456 5.452 8.5.2.1
Lessor - Recognition and Measurement - Operating leases 6.464 5.461 8.5.3.1
Lessor - Residual value guarantees included in the lease classification test 6.456 5.451 8.5.1
Lessor - Subsequent Measurement - Finance lease 6.458 5.455 8.5.2.4
Lessor accounting 6.453 5.448 8.5
Lessors - Transition 6.495 5.491 8.7.5
low-value assets leases 6.367 5.361 8.1.3
Major changes under Ind AS 116 from IFRS 6.513 5.511 8.11
Modified retrospective approach 6.482 5.477 8.7.3
Objective 6.364 5.358 8.1.1
Optional exemption of using Practical Expedient to not to separate non-lease component 6.391 5.384 8.2.2.2
Other matters 6.471 5.465 8.6
Penalties for terminating a lease 6.411 5.406 8.3.3.4
Portfolio application 6.394 5.388 8.2.4
Presentation - Lessee 6.450 5.445 8.4.5
Presentation - Lessor 6.469 5.464 8.5.5
Presentation - Sub-leases 6.475 5.469 8.6.1.2
Protective rights 6.383 5.376 8.2.1.2
Reassessment of lease term and purchase options - example which leads to change in non-cancellable 8.3.2
6.403 5.397
period of a lease:
Reassessment of lease term and purchase options - examples of significant events or significant changes 8.3.2
6.402 5.397
in circumstances within the lessee’s control :
Reassessment of lease term and purchase options (for lessees) 6.402 5.396 8.3.2
Reassessment of lease term and purchase options (for lessors) 6.403 5.399 8.3.2
Recognition Exemptions 6.365 5.359 8.1.3
Recognition Exemptions - Summary 6.369 5.363 8.1.3
Relevant decisions about how and for what purpose an asset is used are predetermined: 6.382 5.376 8.2.1.2
Residual value guarantees (lessees) 6.411 5.406 8.3.3.5
Residual value guarantees (lessors) 6.412 5.406 8.3.3.5

By CA Vinay Kumar YT - Ultimate CA Warrior 49

 Ind AS 116 FR Concept Ind AS wise (A-Z) Index

Topic Nov-24 May-25 Heading

Right to Control 6.377 5.371 8.2.1.2
Right to Direct the Use - Decision-making rights that grant the right to change how and for what purpose 8.2.1.2
6.382 5.375
an asset is used: (examples)
Right to Direct the Use - Determine which party has the right to direct the use of an identified asset 8.2.1.2
6.380 5.374
(flowchart)
Right to Direct the Use of the Identified Asset 6.380 5.374 8.2.1.2
Right to Obtain Substantially All of the Economic Benefits: 6.378 5.372 8.2.1.2
Sale and leaseback transactions 6.475 5.470 8.6.2
Sale and leaseback transactions - accounting 6.476 5.471 8.6.2
Sale and leaseback transactions before the date of initial application 6.496 5.491 8.7.6
Scope 6.365 5.359 8.1.2
Separating lease components from non-lease components: 6.389 5.382 8.2.2.2
Separation of lease and non-lease components 6.387 5.381 8.2.2
Short term leases: 6.366 5.360 8.1.3
Specifying the output of an asset before the period of use 6.383 5.376 8.2.1.2
Sub-leases 6.471 5.465 8.6.1
Sub-leases - Intermediate Lessor Accounting - Finance and Operating 6.472 5.466 8.6.1.1
Sub-leases - Recognition and Measurement 6.471 5.465 8.6.1.1
Substantive Substitution Rights 6.372 5.366 8.2.1.1
Transition approach 6.481 5.476 8.7
Transition approach - Definition of a lease 6.481 5.476 8.7.1
Transition options for lessees 6.482 5.477 8.7.2
Variable lease payments that depend on an index or a rate 6.408 5.403 8.3.3.2
Variable lease payments that do not depend on an index or a rate 6.409 5.404 8.3.3.2
What is a Lease 6.370 5.364 8.2
what should be the approach for such leases when the said exemptions are taken ? 6.368 5.363 8.1.3
Whether an arrangement contains lease 6.371 5.364 8.2.1

By CA Vinay Kumar YT - Ultimate CA Warrior 50

 FR Concept Ind AS wise (A-Z) Index

Analysis of FS, Division II and Prof ethics

Topic Nov-24 May-25 Heading
Best Practices -Applicable to all Companies 15.6 15.6 4
Characteristics/Key Festures of Good Financial Statements 15.4 15.5 3
Financial Statements of Corporate Entities 15.4 15.4 2
ANNEXURE: DIVISION II OF SCHEDULE III TO THE COMPANIES ACT, 2013 1 — A.371 — A.37Annex
Acting with Sufficient Expertise 16.24 16.25 C
Addressing Information that Is or Might be Misleading 16.22 16.22 3
Addressing the Matter 16.34 16.35 1
Appropriate action 16.19 16.19 3
Chartered Accountants Act 16.3 16.3 3
Chartered Accountants in Service in Service 16.17 16.17 Part 2
Complying with the Code, Fundamental Principles and Conceptual Framework 16.8 16.7 Part 1
Complying with the Code 16.8 16.7 1
Confidentiality 16.13 16.13 6
Conflict Identification 16.17 16.17 1
Conflicts of Interest 16.17 16.17 A
Determining Whether Further Action Is Needed 16.35 16.36 2
Determining Whether to Disclose the Matter to an Appropriate Authority 16.36 16.37 4
Disclosure and Consent 16.18 16.18 3
Ethical principles guiding the chartered accountant’s response 16.19 16.19 3
Ethical Principles in Financial Reporting 16.3 16.2 2
Exercise of Professional Judgment 16.15 16.15 7
Financial Interests, Compensation and Incentives Linked to Financial Reporting 16.27 16.28 D
Fundamental Principles 16.8 16.7 2
Immediate or Close Family Members 16.32 16.33 1
Inducements , Including Gifts and Hospitality 16.31 16.32 E
Integrity 16.9 16.8 3
Objectivity 16.9 16.8 4
Other Misconduct 16.4 16.4 4.2
Preparation and Presentation of Information 16.20 16.20 B
Pressure to Breach the Fundamental Principles 16.38 16.40 G
Professional Behaviour 16.15 16.14 7
Professional Competence and Due Care 16.11 16.11 5
Professional Misconduct 16.4 16.3 4.1
Reasonable and Informed Third Party 16.16 16.16 7
Relying on the Work of Others 16.21 16.22 2
Responding to Non-Compliance with Laws and Regulations in case Employment with 16.33 16.33 F
Responsibilities of All Chartered Accountants 16.34 16.35 1
Responsibilities of Chartered Accountants Other than Senior Chartered Accountants 16.36 16.37 5
Responsibilities of Senior Chartered Accountants in Service 16.34 16.35 2
Seeking Advice 16.35 16.36 3
Threats created by Conflict of Interest 16.17 16.17 2
Threats to compliance with the fundamental principles - CONCEPTUAL FRAMEWORK 16.15 16.15 7
Use of Discretion in Preparing or Presenting Information 16.21 16.21 1
What are Ethics 16.3 16.2 1
What is Professional or other Misconduct for a Chartered Accountant 16.4 16.3 4

By CA Vinay Kumar YT - Ultimate CA Warrior 51

 FR Concept Ind AS wise (A-Z) Index
A/c and Technology
Topic Nov-24 May-25 Heading
Accounting Standards (Ind AS ) and Information Technology 17.23 17.24 6
AI - Benefits of AI and ML when used in accounting 17.20 17.22 5.2.1
AI - Challenges with Artificial Intelligence 17.21 17.22 5.2.2
AI - Use of Artificial Intelligence in Financial Reporting 17.22 17.23 Ex
Artificial Intelligence (AI 17.20 17.21 5.2
Automation Process 17.5 17.5 3.1
Automation Process - Benefits 17.6 17.6 3.1.1
Automation Process - Challenges 17.7 17.7 3.1.2
Blockchain 17.18 17.19 5.1
Blockchain - Key impacts of blockchain on financial reporting 17.18 17.19 5.1.1
Cloud Computing 17.8 17.9 3.2
Cloud Computing - Benefits 17.10 17.10 3.2.2
Cloud Computing - Challenges 17.10 17.11 3.2.3
Cloud Computing - Common Applications / Cases of Cloud Computing 17.9 17.9 3.2.1
Cloud Computing - Using 17.11 17.11 Ex-2
Current State of Technology in Accounting 17.5 17.5 3
Cybersecurity - Common cybersecurity threats 17.16 17.17 4.1
Cybersecurity - Proactive measures to mitigate cybersecurity risks 17.17 17.18 4.2
Cybersecurity in Accounting 17.16 17.16 4
Enterprise Resource Planning (ERP ) 17.11 17.12 3.3
ERP - Benefits 17.12 17.13 3.3.1
ERP - How does an ERP system work? 17.13 17.13 3.3.2
ERP - Illustrative steps for integrating Internal Control Over Financial Reporting with an ERP 17.13 17.14 3.3.3
Evolution of Accounting 17.3 17.4 2
Future of Technology in Accounting 17.18 17.19 5
Robotic Process Automation 17.7 17.7 3.1.3
Robotic Process Automation - Using RPA in Financial Reporting 17.8 17.8 Ex-1

By CA Vinay Kumar YT - Ultimate CA Warrior 52