Category: Accounting
The MCA has notified the Companies (Accounting Standards) Amendment Rules, 2018, to amend Accounting Standard (AS) 11: The Effects of Changes in Foreign Exchange Rates (revised 2003) applicable w.e.f. 1 April, 2018.
ICAI has withdrawn Guidance Note on Accounting for Real Estate Transactions (applicable to Ind AS entities), originally issued based on principles of Ind AS 11 (Construction Contracts) and Ind …
Accounting Standard for Local Bodies becomes mandatory for Local Bodies in a State from the date specified in this regard by the State Government concerned.
The ICAI has issued Exposure Draft of Revised Ind AS-109 (Financial Instruments) for comments from the Members/ Stakeholders latest by 30 June 2018.
The ICAI has issued a set of FAQs to clarify accounting treatment of the increased liability arising from enhancement of gratuity ceiling from Rs. 10 Lac to 20 Lac, …
The "Ind AS Transition Facilitation Group (ITFG)" of ICAI has already issued a compendium of the Clarifications (Bulletin# 1 to Bulletin# 14) regarding interpretation/ implementation of Ind AS as per MCA …
The MCA has notified the Companies (Indian Accounting Standards/ Ind AS) Amendment Rules, 2018 on 28 March 2018, whereby "Ind AS-115 relating to Revenue from Contracts with Customers" has been …
The MCA has notified exemption for Govt. NBFCs, Public Financial Institutions (PFIs) like LIC, UTI, etc. from applicability of AS-22/ Ind AS-12 relating to deferred tax asset or liability, …
Accounting Standards Board (ASB) of ICAI has issued the Exposure Draft of the Accounting Standard (AS) 23, Borrowing Costs, for comments on any aspect thereof, to be received not later …
Accounting Standards Board (ASB) of ICAI has issued the Exposure Draft of the Accounting Standard (AS) 24, Related Party Disclosures, for comments on any aspect thereof, to be received not later …