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Applicability of AS-30/31/32 for May08

m.s.krishna sai (STUDENT) (39 Points)

25 January 2009

hi freinds...

can any one tell whether Accounting Standards 30/31/32 are applicable for may08 ca final exams?

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ankit khanna (CA) (47 Points)
Replied 25 January 2009

Well it seems u r asking for may 09 exams.. AS 30,31,32 are all recommended for application from 1-4-09 and mandatory from 1-4-11 in view of convergence of Indian GAAP with IFRS.. since only 6months prior to attempt amendments are relevant these AS should not be asked... However seeming the surprise factor of asking IFRS questions in Nov-08.. chances of asking simple n short questions on these topics cant be denied..