Please Note that AS-3 [Cash Flow Statements] and AS-17 [Segment Reporting] are applicable only to enterprises whose equity / debt securities are listed or in the process of listing. The said standards are also applicable to enterprises whose turnover exceeds Rs.50 crores.
All the above Accounting Standards are applicable for non-corporate entities and for those covered under section 44AB of the Income tax Act, 1961 EXCEPT AS-3 [Cash Flow Statements], AS-14 [Accounting for Amalgamations], AS-17 [Segment Reporting], AS-20 [Earnings per Share] and AS-21 [Consolidated Financial Statements].
AS-20 [Earnings per Share] is applicable to all listed companies or companies proposing listing of its equity shares. It is also applicable to companies that choses to present Earnings per Share.
The above Accounting Standards in the Table are available in text form at the Institute of Chartered Accountants of India's [ICAI] Website [www.icai.org] and in the publications of the ICAI.
In column 1 of AS no., the figure in bracket denotes the corresponding International Accounting Standard reference no.