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
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, …
ICAI’s Exposure Draft of “AS-23: Borrowing Costs”
Accounting Standards Board (ASB) of ICAI has issued the Exposure Draft of the Accounting Standard (AS) 23, Borrowing Costs, for comments on any aspect thereof, to be received not later …
