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AS-30?

Akhil (169 Points)

10 May 2007

Hello Professional Brothers & Sisters,

Is there any AS - 30 in the pipeline?

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5 Replies

Manish Srivastava (13 Points)
Replied 10 May 2007

hello dear

yes, AS-30 is in work in progress stage related with accounting for financial instrunments (derivatives, swap and others)

Akhil (169 Points)
Replied 10 May 2007

Thanks finally someone answered my question

Abhijit Kanhegaonkar (78 Points)
Replied 10 May 2007

But why r u bothered of future AS which has not been out yet. Can't u resist with these 29.

Ankit Ca (37 Points)
Replied 10 May 2007

Hi Dear,
U R worrying too much. I cannot handle this 29 what will happen if this As30 is out. Please Dont want any additional AS before exams. :o

Akhil (169 Points)
Replied 10 May 2007

Friends,

I have long since completed my CA Exams and thought it fit for a new discussion in the ACCOUNTS forum. I have not posted it on the Students forum. And further while studying for exams dont restrict yourself to Exam-Point of view study rather do an Exam-Oriented Study .......... there is a vast difference. I should think if you add this to some of your answers it would only help you and a little extra knowledge hurt no one. Also there are many areas on which there are no Accounting Standards applicable in India for eg Agricultural Income which is a major source of Income to most people in the country.

Any further information and dicussion is welcome.