Tag: Accounting Standards
ICAI has issued the Exposure Drafts of Revised Accounting Standards AS-28, AS-103, AS-110 and AS-111, vide Announcement dt. 04/01/2022, for comments latest by 03/02/2022. The Indian Accounting Standards (Ind …
Once an ASLB is issued, the Local Bodies should follow the ASLB and not the corresponding Accounting Standard issued by the ICAI.
NFRA has published its comments on the Regulatory Impact Assessment (RIA) conducted by ICAI for revision of existing Accounting Standards for adherence by the micro entities which are not …
Final users should know that Financial Statements are prepared/ presented by adhering to certain assumptions, like Going Concern, Consistency and Accrual Basis, which are are not required to be …
Primary considerations in selection of accounting policies of an enterprise should be that the financial statements should represent a true and fair view of the state of affairs and …
Accounting Standards (AS 1~ AS 32) have been issued by the Accounting Standards Board of ICAI, to establish uniform standards for preparation of financial statements, in accordance with the …
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.
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, …
ICAI has announced withdrawal of 'AS 30 on Financial Instruments: Recognition and Measurement', 'AS 31 on Financial Instruments: Presentation' and 'AS 32 on Financial Instruments: Disclosures'.
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 …
