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Inviting Suggestions, queries/comments relating to tax issues arising from implementation of IFRS

   08 January 2010 at 10:20

Inviting Suggestions, queries/comments relating to tax issues arising from implementation of IFRSThe Central Board of Direct taxes and the Institute of Chartered Accountants of India have jointly constituted a study group to identify direct tax issue

Posted in Accounts |   4506 Views


Accounting Standard (AS) 4 (Revised 20XX) (Corresponding to IAS 10) Events after the Reporting Period

   30 December 2009 at 22:03

Accounting Standard (AS) 4 (Revised 20XX) (Corresponding to IAS 10) Events after the Reporting Period

Posted in Accounts  14 comments |   29976 Views


IASB Exposure Draft of Limited Exemption from Comparative IFRS 7

   01 December 2009 at 13:43

IASB Exposure Draft of Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters: Proposed amendment to IFRS 1The International Accounting Standards Board (IASB) has issued Exposure Draft of Limited Exemption from Comparative IFR

Posted in Accounts  1 comments |   5556 Views


Exposure Draft on Financial Instruments: Amortised Cost and Impairment

   24 November 2009 at 07:08

This Exposure Draft on Financial Instruments: Amortised Cost and Impairment, has been issued by the International Accounting Standards Board with the objective to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard,

Posted in Accounts  2 comments |   5571 Views


Core group favours implementation of IFRS in phased manner

   24 October 2009 at 11:37

The Core Group on convergence of Indian Accounting Standards reiterates commitment to converge with IFRSs by 2011 FAVOURS IMPLEMENTATION OF CONVERGED ACCOUNTING STANDARDS IN PHASED MANNER A meeting of the Core Group constituted by the Ministry of C

Posted in Accounts |   10551 Views


The Council of the ICWA approves CAS-7 and CAS-8

   16 September 2009 at 11:40

The Council of the Institute has approved the Cost Accounting Standard on Employee Cost (CAS-7) & Cost of Utilities (CAS-8) and approved the release of Exposure Drafts on Administrative Overheads & Repairs and Maintenance Cost.Communiqu&eacut

Posted in Accounts |   11091 Views


Commencement of Third Batch- IFRS course at Bangalore

   11 September 2009 at 17:15

COMMENCEMENT OF THIRD BATCH- IFRS COURSE AT BANGALOREWe are pleased to announce that 3rd Batch at Banglore Centre of Certificate Course on IFRS is scheduled to take place from 24th October, 2009 of which details are mentioned below: Duration of C

Posted in Accounts  8 comments |   9030 Views


Joint meeting on implementation challenges of IFRS

   07 August 2009 at 11:14

Joint meeting of the Core Group and the two sub-groups on the implementation challenges with regard to convergence of Indian Accounting Standards with IFRS expresses confidence in the issuance of the roadmap at an early date for convergence to enable

Posted in Accounts  1 comments |   7866 Views


IASB Exposure Draft on Management Commentary

   15 July 2009 at 16:55

IASB Exposure Draft on Management CommentaryThe International Accounting Standards Board (IASB) has issued Exposure Draft on type of disclosure labelled Management Commentary with the objective of determining whether the framework for the preparation

Posted in Accounts |   4884 Views


NBFCs -Treatment of Deferred Tax Assets/Deferred Tax Liabilities

   10 June 2009 at 12:29

NBFCs - Treatment of Deferred Tax Assets/Deferred Tax Liabilities for Computaion of CapitalRBI/2008-09/494DNBS.PD/ CC.No. 142 / 03.05.002 /2008-09June 9, 2009All NBFCsDear Sir,Accounting for taxes on income- Accounting Standard 22- Treatment of defer

Posted in Accounts  2 comments |   25119 Views