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 (AS 1~32) are issued/ amended by the Accounting Standards Board of ICAI, to establish uniform standards for preparation of financial statements, in accordance with Indian GAAP (Generally …
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 …
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, …
AS-30, AS-31, AS-32 withdrawn by ICAI
ICAI has announced withdrawal of 'AS 30 on Financial Instruments: Recognition and Measurement', 'AS 31 on Financial Instruments: Presentation' and 'AS 32 on Financial Instruments: Disclosures'.
National Advisory Committee on Accounting Standards (NACAS) Re-constituted by MCA
MCA has re-constituted the 'National Advisory Committee on Accounting Standards (NACA)', consisting of 13 Members, to advise the Central Government on the formulation and laying down of accounting policies …
ICAI Amends AS 2, AS 4, AS 10, AS 13, AS 14, AS 21, AS 29 and withdraws AS 6
ICAI makes Amendments to AS 2, AS 4, AS 10, AS 13, AS 14, AS 21, AS 29 and withdraws AS 6; pursuant to MCA's Companies Accounting Standards Amendment …