Ind AS 116 – Leases: A New Era of Accounting for Lease contracts by Lessees
ICAI has drawn attention of all concerned to 'Ind AS 116 - Leases' recently notified by MCA vide Notification dt. 30 March 2019 on Companies (Ind AS) First Amendment …
Category: Accounting
MCA Notifies Companies (Ind AS) Amendment Rules, 2019
MCA has notified the Companies Indian Accounting Standards (Ind AS) First and Second Amendment Rules, 2019, applicable w.e.f. 1 April, 2019, to amend the 'Annexure B on Indian Accounting …
Revised SEBI Procedure/ Formats for Limited Review/ Audit Reports of Listed Entities
SEBI has notified the revised procedure/ formats for Limited Review/ Audit Reports of Listed Entities (including those entities whose accounts are to be consolidated with the listed entity), applicable …
Compendium of Clarifications on ‘Ind AS Implementation’ Issues by ITFG ICAI (Jan. 2019)
Ind AS Transition Facilitation Group (ITFG) of ICAI has issued a compendium of 132 Clarifications issued upto 31 Dec. 2018 (Bulletin #1 to Bulletin #17) regarding concerns or issues in …
ICAI’s Exposure Draft of ‘AS-18: Revenue’
ICAI has issued Exposure Draft of 'Accounting Standard 18 (AS-18): Revenue', which is an upgraded version of ICAI's existing 'AS-9: Revenue Recognition' and has been drafted based on 'Ind …
ICAI’s Exposure Draft of ‘AS-11: Construction Contracts’
ICAI has issued Exposure Draft of 'Accounting Standard 11 (AS-11): Construction Contracts', which is an upgraded version of ICAI's existing 'AS-7: Construction Contracts' and has been drafted based on …
ICAI’s Exposure Draft of ‘AS-1: Presentation of Financial Statements’
ICAI has issued Exposure Draft of 'Accounting Standard 1 (AS-1): Presentation of Financial Statements', which is an upgraded version of ICAI's existing 'AS-1: Disclosures of Accounting Policies' and has …
ICAI’s Exposure Draft of ‘AS-37: Provisions, Contingent Liabilities and Contingent Assets’
ICAI has issued Exposure Draft of 'Accounting Standard 29 (AS-29): Provisions, Contingent Liabilities and Contingent Assets', which is an upgraded version of ICAI's existing 'AS-29: Provisions,Contingent Liabilities and Contingent …
ICAI’s Exposure Draft of ‘Accounting Standard (AS) 38: Intangible Assets’ for Comments
The ICAI has issued Exposure Draft of 'Accounting Standard (AS) 38: Intangible Assets' for Comments/ Suggestions from the Members of ICAI and Other Stakeholders, latest by 2 Nov. 2018.
Companies (Ind AS) Second Amendment Rules, 2018 notified by MCA: Ind AS 12,16, 20, 38 amended
MCA has notified the "Companies Indian Accounting Standards (Ind AS) Second Amendment Rules, 2018" and has amended the Ind AS 12, Ind AS 16, Ind AS 20 and Ind …