Tag: Accounting Standards
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 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 …
The Accounting Standards (i.e. AS 1~32) have been issued/ amended by "Accounting Standards Board" of the ICAI from time to time, to establish uniform standards for preparation of financial …
ICAI announces withdrawal of 'AS 30 - Financial Instruments: Recognition and Measurement', 'AS 31 - Financial Instruments: Presentation', 'AS 32 - Financial Instruments: Disclosures'.
MCA has re-constituted the 'National Advisory Committee on Accounting Standards (NACA)', consisting of 13 Members, to advise the Central Government on the formulation and laying down of accounting policies …
ICAI makes Amendments to AS 2, AS 4, AS 10, AS 13, AS 14, AS 21, AS 29 and withdraws AS 6; pursuant to MCA's Companies Accounting Standards Amendment …
The Ministry of Corporate Affairs (MCA) has notified Companies Accounting Standards (AS) Amendment Rules, 2016 vide Notification dt 30th March 2016, applicable from financial year 2016-17.
To solve issues arising out of Schedule II to the Companies Act, 2013, the ICAI has formulated Guidance Note on Accounting for Depreciation in Companies in the context of …