Tag: Accounting Standards

ICAI Amends AS 2, AS 4, AS 10, AS 13, AS 14, AS 21, AS 29 and withdraws AS 6

The Ministry of Corporate Affairs (MCA) has notified Companies (Accounting Standards) Amendment Rules, 2016 (G.S.R. 364(E) dated 30.03.2016) and amended the following Accounting Standards and omitted AS 6, Depreciation …

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MCA’s amended Accounting Standards Rules, 2016 & their Applicability

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.

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ICAI Guidance Note- Depreciation Accounting in Companies (Sch. II Companies Act)

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 …

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Accounting Standards Interpretations – ICAI

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. …

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