OVERVIEW

Practical Guide to Ind AS & IFRS by CA Kamal Garg is one of India's most comprehensive and trusted reference books on Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS). Published by Bharat, this latest edition has been updated in line with the Companies (Indian Accounting Standards) Second Amendment Rules, 2025 and includes detailed commentary on Ind AS 117 – Insurance Contracts.

Designed for professionals, CA students, auditors, finance executives, and corporate accountants, the book offers practical explanations, illustrations, case studies, and real-world applications of accounting standards. The content bridges the gap between theoretical provisions and practical implementation in financial reporting.

This latest edition 2026 serves as an authoritative guide for accounting professionals in India and is highly useful for CA Final students, corporate finance teams, auditors, and practitioners seeking a deeper understanding of Ind AS and IFRS compliance requirements.

KEY FEATURES

• Authored by renowned accounting expert CA Kamal Garg
• Published by Bharat Publications
• 11th Edition 2026
• Updated as per Companies (Indian Accounting Standards) Second Amendment Rules, 2025
• Detailed illustrated commentary on Ind AS 117 Insurance Contracts
• Nearly 3000 illustrations, examples, and practical case studies
• Comprehensive guidance on financial instruments and disclosures
• Covers accounting treatment, recognition, measurement, and presentation requirements
• Useful for CA Final, auditors, finance professionals, and corporate accountants
• Paperback Edition for convenient professional use

WHAT THIS BOOK COVERS

Indian Accounting Standards (Ind AS)

• Complete coverage of notified Ind AS
• Recognition and measurement principles
• Presentation and disclosure requirements
• Financial statement preparation
• Accounting policy guidance
• First-time adoption of Ind AS

IFRS Framework

• International Financial Reporting Standards concepts
• Global reporting practices
• IFRS convergence principles
• International accounting compliance

Advanced Financial Reporting Topics

• Ind AS 117 – Insurance Contracts
• Financial Instruments
• Consolidated Financial Statements
• Business Combinations
• Revenue Recognition
• Lease Accounting
• Fair Value Measurement
• Employee Benefits
• Impairment of Assets

Practical Guidance

• Detailed illustrations and examples
• Real-life accounting scenarios
• Case studies for conceptual clarity
• Common compliance errors and solutions
• Accounting treatment of cryptocurrencies
• Section 8 entity consolidation guidance

WHO SHOULD BUY

• CA Final students
• Chartered Accountants
• Auditors and Assurance Professionals
• Corporate Finance Executives
• CFOs and Financial Controllers
• CMA students
• CS professionals
• Accounting faculty and trainers
• Financial reporting professionals
• Commerce and finance researchers

WHY THIS BOOK IS VALUABLE

• One of India's leading practical guides on Ind AS and IFRS
• Updated with latest amendments and accounting developments
• Extensive illustrations for practical understanding
• Covers complex accounting standards in simple language
• Trusted by professionals, auditors, and CA students
• Includes emerging topics such as cryptocurrency accounting
• Strong focus on implementation and compliance challenges

PRODUCT DETAILS

BENEFITS

• Master practical application of Ind AS and IFRS
• Improve financial reporting and compliance expertise
• Strengthen professional accounting knowledge
• Gain confidence in handling complex accounting standards
• Enhance audit, reporting, and advisory capabilities
• Support CA Final and professional examination preparation
• Improve career prospects in accounting and finance

CALL TO ACTION

📘 Stay Ahead in Financial Reporting & Accounting Standards!

Get the latest Practical Guide to Ind AS & IFRS (11th Edition 2026) by CA Kamal Garg and build a strong foundation in accounting standards, compliance, and financial reporting. A must-have reference for every accounting professional and serious student.