Tag: IAS

Companies to disclose material accounting policy information in financial statements. The Companies (Indian Accounting Standards) Amendment Rules 2023 MCA has notified Companies (Indian Accounting Standards) Amendment Rules, 2023 amending the Companies (Indian Accounting Standards) Rules, 2015. The amendments come into force with effect from 1st day of April, …

Property Plant and Equipment-Proceeds before Intended Use. ICAI invites comments on proposed amendments to IAS-16 that prohibits adjustment of proceeds from cost of the asset ICAI Announcement Property, Plant and Equipment-Proceeds before Intended Use (Proposed amendments to IAS 16) Introduction In this Exposure Draft, the International Accounting Standards …