Financial Accounting Chapter 2 :- Accounting Standards | IFRS, Ind AS | SEM 1st | CWG for BCOM

Application link :- https://play.google.com/store/apps/de... 🎯 *Welcome to CWG for BCOM!* In this lecture, we begin *Chapter 2 – Accounting Standards, IFRS & Ind AS**, one of the most important theoretical chapters in **Financial Accounting* for *B.Com Semester 1* and *BBA Semester 1* students. Understanding *Accounting Standards (AS), International Financial Reporting Standards (IFRS), and Indian Accounting Standards (Ind AS)* is essential for building a strong accounting foundation and preparing for university examinations. Whether you're studying at **Delhi University (DU), DU SOL, GGSIPU, MDSU, MLSU, VMOU, or any other university**, this lecture will help you understand these concepts in a simple, practical, and exam-oriented manner. --- 📖 Topics Covered in This Lecture 📌 Introduction to Accounting Standards ✅ Meaning of Accounting Standards ✅ Objectives of Accounting Standards ✅ Need & Importance of Accounting Standards ✅ Advantages of Accounting Standards ✅ Limitations of Accounting Standards --- 📌 International Financial Reporting Standards (IFRS) ✅ Meaning of IFRS ✅ Objectives of IFRS ✅ Features of IFRS ✅ Benefits of IFRS ✅ Global Acceptance of IFRS --- 📌 Indian Accounting Standards (Ind AS) ✅ Meaning of Ind AS ✅ Applicability of Ind AS ✅ Objectives of Ind AS ✅ Features of Ind AS ✅ MCA Roadmap for Ind AS --- 📌 Difference Between ✅ Accounting Standards (AS) vs Ind AS ✅ AS vs IFRS ✅ IFRS vs Ind AS --- 📌 Accounting Standard Setting Process ✅ Role of ICAI ✅ Accounting Standards Board (ASB) ✅ Ministry of Corporate Affairs (MCA) ✅ National Financial Reporting Authority (NFRA) --- 🎯 What You Will Learn ✔ Meaning of Accounting Standards ✔ Why Accounting Standards are Required ✔ Introduction to IFRS & Ind AS ✔ Difference between AS, IFRS & Ind AS ✔ Practical Examples ✔ University Exam-Oriented Concepts ✔ Important Theory Questions --- 📚 This Lecture is Helpful For 🎓 B.Com Semester 1 Students 🎓 BBA Semester 1 Students 🎓 Commerce Beginners 🎓 Delhi University (DU) Students 🎓 DU SOL Students 🎓 Students Preparing for University Exams --- 🚀 Complete Financial Accounting Course Includes 📘 University Syllabus ✅ Introduction to Accounting ✅ Accounting Concepts & Conventions ✅ Accounting Standards ✅ IFRS & Ind AS ✅ Journal Entries ✅ Ledger ✅ Trial Balance ✅ Rectification of Errors ✅ Subsidiary Books ✅ Cash Book ✅ Bank Reconciliation Statement (BRS) ✅ Bills of Exchange ✅ Depreciation Accounting ✅ Inventory Valuation (AS-2) ✅ Property, Plant & Equipment (AS-10) ✅ Final Accounts with Adjustments --- 🎁 Bonus Advanced Financial Accounting Topics ✅ Royalty Accounts ✅ Branch Accounts ✅ Departmental Accounts ✅ Accounting for Non-Profit Organisations (NPO) ✅ Hire Purchase & Instalment System ✅ Partnership Accounts ✅ Investment Accounts ✅ Insurance Claim Accounts ✅ Single Entry System ✅ Sectional & Self-Balancing Ledger ✅ Consignment Accounts ✅ Joint Venture Accounts ✅ Average Due Date ✅ Account Current ✅ Voyage Accounts --- 🎁 What You'll Get in Our Paid Course 🎥 Live + Recorded Lectures 📖 Chapter-wise PDF Notes 📝 Previous Year Questions (PYQs) 📋 Important Questions 📊 Numerical Practice Sessions 🎯 Exam-Oriented Preparation 📱 Access Through the *Commerce Wale Guruji App* --- 📱 Join Commerce Wale Guruji 📲 *Download the Commerce Wale Guruji App* [https://play.google.com/store/apps/de...] 📢 *Join Our Telegram Channel* [https://t.me/cwgforbcom](https://t.me/cwgforbcom) ▶️ *Subscribe to CWG for BCOM* [   / @cwgforbcom  ] --- ❤️ Why Choose CWG for BCOM? ✅ 4,00,000+ YouTube Subscribers ✅ 10+ Years of Teaching Experience ✅ 10,000+ Online Students ✅ Concept-Based Teaching ✅ Easy Hindi + English Explanation ✅ Live + Recorded Classes ✅ Complete PDF Notes ✅ PYQs & Important Questions ✅ University Exam-Oriented Preparation --- 👍 Don't Forget To 👍 Like the Video 💬 Comment Your Doubts 📤 Share with Your Friends 🔔 Subscribe to *CWG for BCOM* and press the Bell Icon for the latest Commerce lectures. --- #️⃣ *Hashtags* #FinancialAccounting #AccountingStandards #IFRS #IndAS #FinancialAccountingChapter2 #BCom #BComSemester1 #BBA #BBASemester1 #Accounting #AccountingStandards2026 #IFRSvsIndAS #IndianAccountingStandards #CommerceStudents #DU #DUSOL #UniversityExam #CommerceWaleGuruji #CWGforBCOM #AccountingClasses #ExamPreparation #PYQ #BCom2026 #BBA2026 --- 📌 Watch the Complete Financial Accounting Playlist 📚 *Financial Accounting 2026 – Complete Course* ▶️ Chapter 1 – Introduction to Accounting (Part 1, Part 2 & Part 3) ▶️ *Chapter 2 – Accounting Standards | IFRS | Ind AS* Continue watching the complete Financial Accounting series to master every chapter from *basic to advanced* and score excellent marks in your university examinations.