Tag: IndAS
ICAI Exposure Draft proposing amendments to eight Ind AS S. No. Exposure Draft 1. Annual Improvements to Ind AS 2018 Corresponding to Annual Improvements to IFRS Standards 2015–2017 Cycle issued by the IASB >> Standards amended are as under: Ind AS 103, Business Combinations Ind AS 111, Joint …
ICAI FAQs on Ind AS-103-Business Combinations, Education Material by the Ind AS Implementation Group The Ind AS Implementation Group of ICAI has come out with an Educational Material on Ind AS-103, Business Combinations. The said education material is in the form of Frequently Asked Questions (FAQs) which explains …
Indian Accounting Standard (Ind AS) 115, Revenue from Contracts with Customers Central Government, in consultation with the National Advisory Committee on Accounting Standards has amended the Companies (Indian Accounting Standards) Rules, 2015. Accordingly, the Companies (Indian Accounting Standards) Amendment Rules, 2018 has been notified which comes into force from …
ICAI Exposure Draft of Amendments to Ind AS 20-Accounting for Government Grants and Disclosure of Government Assistance. Last date for Comments is January 24, 2018. Amendments have been proposed in Ind AS 20 to allow the options to present non-monetary government grants at nominal value and government grants related to …
Ind AS-An Overview Revised 2017. Revised publication contains an overview of various aspects related to IFRS-converged Indian Accounting Standards Indian Accounting Standards Ind AS-An Overview (Revised 2017) As per ICAI Announcement, the revised publication contains an overview of various aspects related to IFRS-converged Indian Accounting Standards (Ind AS) …
Amendment to MAT Audit Report Form No 29B for Ind AS related adjustments where financial statements of company are drawn up as per Ind-As MINISTRY OF FINANCE (Department of Revenue) Notification No. 80/2017 New Delhi, the 18th August, 2017 INCOME-TAX G.S.R. 1028(E).—In exercise of the powers conferred by …
ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment and FAQ ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment Ind AS Implementation Committee of the Institute of Chartered Accountants of India (ICAI) has brought out an Educational Material on Indian Accounting Standard (Ind AS) 16, Property, …
ICAI FAQ on treatment of Securities Premium Account under Ind AS on the date of transition Question: 1 Company ABC Ltd. had issued non-convertible debentures redeemable at premium, which were outstanding as on March 31, 2015. The Company has measured this financial liability at amortised cost in accordance with …
IndAS-102 Share-based Payment-MCA Notification dated 17/03/2017 Companies (Indian Accounting Standards) (Amendment) Rules 2017 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 17th March, 2017 G.S.R. 258(E).—In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section …
FAQ on infrequent number of sales-insignificant in value in IndAS 109. Ind-AS 109 do not define terms but in context of business model ICAI FAQ on Elaboration of terms ‘infrequent number of sales’ or ‘insignificant in value’ used in Ind AS 109 Question Ind AS 109, Financial Instruments, …
