i have already read draft converged accounting standards some month ago smoothly 1 round.......i wonder would that be beneficial for may 12 exam.....? or my learning is a waste...!! .for the convergence part of accounting standard ...what should i focus on for ..may 12 exam....please tell...
1 Replies
Yamini Swarnalatha
(Chartered Accountant)
(112 Points)
Replied 13 November 2011
if you mean Ind-AS is what you read some months ago, it may not be required for your exams, as they are not yet applicale; in any case, for May 2012 exams better read the current AS which are in force now; ICAI will notify in the CA students journal, about the applicability if ASs for MAy 2012 exams. only when ICAI notifies that Ind-AS or the "draft converged accounting standards" whatever you read is applicable for May 2012 exams, you may focus on them.
All the Best for your exams
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
