Category: Accounting
Sl. No. IFRS/ IAS Ind AS Subject 1 IAS 1 Ind AS 1 Presentation of Financial Statements 2 IAS 2 Ind AS 2 Inventories 3 IAS 7 Ind AS …
ASB of ICAI has replied to the question raised by Ind AS Transition Facilitation Group as to “whether the accumulated depreciation and provision for impairment under previous GAAP would …
The ICAI has clarified on FAQs regarding the requirements to prepare Consolidated Financial Statements in accordance with the applicable Companies Rules and the Accounting Standards, as under: These FAQs …
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. Accounting Standard 6 on Depreciation Accounting has …
The MCA has revised Schedule III of the Companies Act, 2013 to include general instructions for preparing the balance sheet and profit and loss account of an Ind AS-compliant …
Accounting for depreciation is generally a significant matter for the purpose of true and fair determination of the operating results of a company as reflected in its statement of …
The ICAI has issued ‘Accounting Standards Interpretations (ASI)’ from time to time in connection with it’s different accounting standards. These interpretations are intended to apply only to material items. …