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, …
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 …
MCA notifies the Companies Accounting Standards (AS) Amendment Rules, 2016 vide Notification dt 30/03/2016, which are applicable from the 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 …
ASI 1 – Substantial Period of Time (AS 16) Revised ASI 3 – Accounting for Taxes on Income in the situations of Tax Holiday under sections 80-IA and 80-IB …
Effect of Uncertainties on Revenue Recognition may either result in postponement of recognition of revenue in full or partial adjustment thereof by way of provisions for a particular accounting …
Indian Government Accounting Standards (IGAS) and Indian Government Financial Reporting Standards (IGFRS) are formulated by the GASAB (Govt. Accounting Standards Advisory Board). IGAS are for cash system of accounting …
