Tag: Accounting Standards

AS 25 of ICAI explains interim financial reporting rules for non-Ind AS entities. Learn scope, EPS, comparative data, SEBI timelines, and disclosures.

AS 26 of ICAI covers recognition and measurement of intangible assets under Indian GAAP. Learn rules, examples, disclosures, and compliance essentials.

A clear and practical guide to Accounting Standard (AS) 27 of ICAI on financial reporting of joint ventures, including forms of joint ventures, accounting rules, disclosures and proportionate consolidation.

A comprehensive guide to AS 28 of ICAI “Impairment of Assets”, its objective, scope, indicators, measurement, recognition, reversal, disclosures and practical application for students, accountants & business owners.

A comprehensive guide to Accounting Standard (AS) 29 of ICAI, covering recognition, measurement/disclosure of provisions, contingent liabilities/ assets under the accounting standards.

ICAI has released an exposure draft on accounting standards for LLPs. Provide your comments to help formulate effective standards applicable to LLPs.

Government accounting in India follows cash basis of accounting. Government Accounting Standards Advisory Board (GASAB) constituted by the Comptroller and Auditor General of India with support of Government of …

For the benefit of Members and other stakeholders, the ICAI has published a revised checklist on the disclosure requirements prescribed by accounting standards (AS) 1 to 29 (October 2022 …

Accounting Standards for non-corporate e­ntities, such as Small and Medium-sized Ente­rprises (SMEs), in India are dete­rmined by the Accounting Standards Board (ASB) of ICAI. These­ standards adhere to Indian …

When it comes to preparing financial statements, selecting appropriate accounting policies is crucial to ensure accuracy and transparency. The Institute of Chartered Accountants of India (ICAI) has issued Accounting …