ICAI’s Guidance Note on Division I (Non Ind AS) of Schedule III to Companies Act, 2013
ICAI has published the revised/ second edition (July 2019) of the Guidance Note on Division I (Non Ind AS) of the Schedule III to the Companies Act, 2013, for …
Tag: Accounting Standards
List of Accounting Standards (AS 1~32) of ICAI (Download PDF Copy)
Accounting Standards (i.e. AS 1~32) have been issued/ amended by the Accounting Standards Board of ICAI from time to time, to establish uniform standards for preparation of financial statements, …
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 (Accounting Standards) Amendment Rules, 2018 notified by MCA: AS 11 amended
The MCA has notified the Companies (Accounting Standards) Amendment Rules, 2018, to amend Accounting Standard (AS) 11: The Effects of Changes in Foreign Exchange Rates (revised 2003) applicable w.e.f. 1 April, 2018.
Accounting Standards for Local Bodies (ASLB) by ICAI
Accounting Standard for Local Bodies becomes mandatory for Local Bodies in a State from the date specified in this regard by the State Government concerned.
ICAI’s FAQs/ Clarification on Accounting Treatment of Enhanced Gratuity Ceiling (AS-15/ Ind AS-19)
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, …