IFRS & IAS

IFRS / IAS
S.No. Category Ind-AS
Standards (PART-A)
IFRS issued that are mandator
1 A IAS 1 Ind AS 1
2 B IAS 2 Ind AS 2
3 B IAS 7 Ind AS 7
4 G IAS 8 Ind AS 8
5 G IAS 10 Ind AS 10
6 B IAS 12 Ind AS 12
7 B IAS 16 Ind AS 16
8 B IAS 19 Ind AS 19
9 G IAS 20 Ind AS 20
10 B IAS 21 Ind AS 21
11 B IAS 23 Ind AS 23
12 B IAS 24 Ind AS 24
13 IAS 26 *
14 D IAS 27 Ind AS 27
15 D IAS 28 Ind AS 28
16 F IAS 29 Ind AS 29
17 E IAS 32 Ind AS 32
18 B IAS 33 Ind AS 33
19 G IAS 34 Ind AS 34
20 B IAS 36 Ind AS 36
21 B IAS 37 Ind AS 37
22 B IAS 38 Ind AS 38
23 IAS 39 *
24 B IAS 40 Ind AS 40
25 B IAS 41 Ind AS 41
26 A IFRS 1 Ind AS 101
27 C IFRS 2 Ind AS 102
28 C IFRS 3 Ind AS 103
29 C IFRS 4 Ind AS 104
30 G IFRS 5 Ind AS 105
31 F IFRS 6 Ind AS 106
32 E IFRS 7 Ind AS 107
33 B IFRS 8 Ind AS 108
34 E IFRS 9 Ind AS 109
35 D IFRS 10 Ind AS 110
36 D IFRS 11 Ind AS 111
37 D IFRS 12 Ind AS 112
38 B IFRS 13 Ind AS 113
39 F IFRS 14 Ind AS 114
40 C IFRS 15 Ind AS 115
41 C IFRS 16 Ind AS 116
IFRS issued that are NOT manda
Ind AS 117
42 IFRS 17 is under
formulation
 IFRS & IAS LIST

NAME

IFRS issued that are mandatory as on 1st January 2019

Presentation of Financial Statements
Inventories
Statement of Cash Flows
Accounting Policies, Changes in Accounting Estimates and Errors
Events after the Reporting Period
Income Taxes
Property, Plant and Equipment
Employee Benefits
Accounting for Government Grants and Disclosure of Government Assistance
The Effects of Changes in Foreign Exchange Rates
Borrowing Costs
Related Party Disclosures
Accounting and Reporting by Retirement Benefit Plans
Separate Financial Statements
Investments in Associates and Joint Ventures
Financial Reporting in Hyperinflationary Economies
Financial Instruments: Presentation
Earnings per Share
Interim Financial Reporting
Impairment of Assets
Provisions, Contingent Liabilities and Contingent Assets
Intangible Assets
Financial Instruments: Recognition and Measurement
Investment Property
Agriculture
First-time Adoption of Indian Accounting Standards
Share-based Payment
Business Combinations
Insurance Contracts
Non-current Assets Held for Sale and Discontinued Operations
Exploration for and Evaluation of Mineral Resources
Financial Instruments: Disclosures
Operating Segments
Financial Instruments
Consolidated Financial Statements
Joint Arrangements
Disclosure of Interest in Other Entities
Fair Value Measurement
Regulatory Deferral Account
Revenue from Contracts with Customers
 Leases
IFRS issued that are NOT mandatory as on 1st January 2020

Insurance Contracts (It will replace IFRS 4)

Corresponding IFRS / IAS IFRS / IAS
IFRIC & SIC PART-B PART-C

YES YES
- YES
YES YES
- YES
YES YES
YES YES
- YES
YES YES
- YES
- YES
YES YES
YES YES
- -
YES YES
YES YES
- YES
YES YES
YES YES
YES YES
YES YES
YES -
YES YES
YES YES
- YES
YES YES
YES YES
YES YES
YES YES
YES YES
YES YES
- YES
YES YES
YES YES
YES YES
YES YES
YES YES
- YES
YES YES
YES YES
YES YES
YES YES
 IFRIC & SIC LIST
As on 01-April-2019
S.No. IFRIC/ SIC Corresponding Appendix
PART-A included in Ind AS
1 IFRIC 1 Appendix A to Ind AS 16
2 IFRIC 2 #
3 IFRIC 5 Appendix A to Ind AS 37
4 IFRIC 6 Appendix B to Ind AS 37
5 IFRIC 7 Appendix A to Ind AS 29
Not included as Ind AS
6 IFRIC 9 39 have been replaced with Ind
AS 109
7 IFRIC 10 Appendix A to Ind AS 34
8 IFRIC 12 Appendix D to Ind AS 115
9 IFRIC 14 Appendix B to Ind AS 19
10 IFRIC 16 Appendix C to Ind AS 109
11 IFRIC 17 Appendix A to Ind AS 10
12 IFRIC 19 Appendix D to Ind AS 109
13 IFRIC 20 Appendix B to Ind AS 16
14 IFRIC 21 Appendix C to Ind AS 37
15 IFRIC 22 Appendix B to Ind AS 21
16 IFRIC 23 Appendix C to Ind AS 12
17 SIC-7 ##
18 SIC-10 Appendix A to Ind AS 20
19 SIC-25 Appendix A to Ind AS 12
20 SIC-29 Appendix E to Ind AS 115
21 SIC-32 Appendix A to Ind AS 38
 IFRIC & SIC LIST

IFRIC/SIC

Changes In Existing Decommissioning, Restoration And Similar Liabilities

Members’ Shares In Co-Operative Entities And Similar Instruments
Rights To Interests Arising From Decommissioning, Restoration And Environmental Rehabilitation Funds
Liabilities Arising From Participating In A Specific Market—Waste Electrical And Electronic Equipment
Applying The Restatement Approach Under Ind As 29 Financial Reporting In Hyperinflationary Economies

Reassessment Of Embedded Derivatives

Interim Financial Reporting And Impairment

Service Concession Arrangements
Ind As 19— The Limit On A Defined Benefit Asset, Minimum Funding Requirements And Their Interaction
Hedges Of A Net Investment In A Foreign Operation
Distributions Of Non-Cash Assets To Owners
Extinguishing Financial Liabilities With Equity Instruments
Stripping Cost In The Production Phase Of A Surface Mine
Levies
Foreign Currency Transactions And Advance Consideration
Uncertainty Over Income Tax Treatments
Introduction Of Euro
Government Assistance— No Specific Relation To Operating Activities
Income Taxes—Changes In The Tax Status Of An Entity Or Its Shareholders
Service Concession Arrangements: Disclosures
Intangible Assets—Web Site Costs
IFRIC/ SIC IFRIC/ SIC
PART-B PART-C
YES YES
- YES
- YES
- YES
YES YES

- YES

- YES
YES YES
YES YES
YES YES
YES YES
- YES
- YES
YES YES
YES YES
YES YES
- YES
- YES
- YES
- YES
YES YES
 IFRS & IAS LIST

IFRS / IAS IFRS / IAS IFRS / IAS

S.No. Category Ind-AS NAME
Standards (PART-A) PART-B PART-C
IFRS issued that are mandatory as on 1st January 2019
1 B IAS 2 Ind AS 2 Inventories - YES
2 B IAS 7 Ind AS 7 Statement of Cash Flows YES YES
3 B IAS 12 Ind AS 12 Income Taxes YES YES
4 B IAS 16 Ind AS 16 Property, Plant and Equipment - YES
5 B IAS 19 Ind AS 19 Employee Benefits YES YES
6 B IAS 21 Ind AS 21 The Effects of Changes in Foreign Exchange Rates - YES
7 B IAS 23 Ind AS 23 Borrowing Costs YES YES
8 B IAS 24 Ind AS 24 Related Party Disclosures YES YES
9 B IAS 33 Ind AS 33 Earnings per Share YES YES
10 B IAS 36 Ind AS 36 Impairment of Assets YES YES
11 B IAS 37 Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets YES -
12 B IAS 38 Ind AS 38 Intangible Assets YES YES
13 B IAS 40 Ind AS 40 Investment Property - YES
14 B IAS 41 Ind AS 41 Agriculture YES YES
15 B IFRS 8 Ind AS 108 Operating Segments YES YES
16 B IFRS 13 Ind AS 113 Fair Value Measurement YES YES
25 A IAS 1 Ind AS 1 Presentation of Financial Statements YES YES
26 A IFRS 1 Ind AS 101 First-time Adoption of Indian Accounting Standards YES YES
27 E IAS 32 Ind AS 32 Financial Instruments: Presentation YES YES
28 E IFRS 7 Ind AS 107 Financial Instruments: Disclosures YES YES
29 E IFRS 9 Ind AS 109 Financial Instruments YES YES
30 D IAS 27 Ind AS 27 Separate Financial Statements YES YES
31 D IAS 28 Ind AS 28 Investments in Associates and Joint Ventures YES YES
32 D IFRS 10 Ind AS 110 Consolidated Financial Statements YES YES
33 D IFRS 11 Ind AS 111 Joint Arrangements YES YES
34 D IFRS 12 Ind AS 112 Disclosure of Interest in Other Entities - YES
35 C IFRS 2 Ind AS 102 Share-based Payment YES YES
36 C IFRS 3 Ind AS 103 Business Combinations YES YES
37 C IFRS 4 Ind AS 104 Insurance Contracts YES YES
38 C IFRS 15 Ind AS 115 Revenue from Contracts with Customers YES YES
39 C IFRS 16 Ind AS 116 Leases YES YES
40 IAS 26 * Accounting and Reporting by Retirement Benefit Plans - -
41 IAS 39 * Financial Instruments: Recognition and Measurement YES YES
IFRS issued that are NOT mandatory as on 1st January 2020
Ind AS 117
42 IFRS 17 is under Insurance Contracts (It will replace IFRS 4)
formulation