Accounts News
NBFCs -Treatment of Deferred Tax Assets/Deferred Tax Liabilities
10 June 2009 at 12:29NBFCs - 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
IASB Exposure Draft on Fair Value Measurement
06 June 2009 at 13:53IASB Exposure Draft on Fair Value Measurement This Exposure Draft on Fair Value Measurement, has been issued by the International Accounting Standards Board keeping in view the following objectives: To establish a single source of gu
AS 11 will prevent forex-led distortions
22 May 2009 at 13:11A clarification regarding tax treatment of the accounting option is warrantedAuthor : Suresh Surana/DNAIndia has been growing by 8-9% for the past few years and this outstanding growth has resulted in heavy inflow of foreign funds to the country. Man
Frequently Asked Questions on AS 11
18 May 2009 at 16:02Frequently Asked Questions on AS 11 notification – Companies (Accounting Standards) Amendment Rules, 2009 (G.S.R. 225 (E) dt. 31.3.09) issued by Ministry of Corporate Affairs ASB Guidance in the form of FAQs on AS 11 notification – Compan
Mandatory application of Cost Accounting Standards
24 April 2009 at 14:13The Council of the ICWAI at its 251st Meeting held on 12-13 February 2009 decided as below:Mandatory application of Cost Accounting Standards“RESOLVED THAT the following Cost Accounting StandardsCAS 1: Classifications of CostsCAS 2: Capacity De
Measures initiated by ICAI for revisiting AS 11
09 April 2009 at 11:33Measures initiated by ICAI for revisiting Accounting Standard (AS) 11, The Effects of Changes in Foreign Exchange RatesCA. Uttam Prakash Agarwal, President, The Institute of Chartered Accountants of India (ICAI) re-iterated the Institute's desire
AS 11 amended
03 April 2009 at 10:30Accounting Standard-11 relating to “The Effects of Changes in Foreign Exchange Rates” earlier prescribed under the Companies (Accounting Standards) Rules 2006 has been now amended by the Central Government, in terms of the powers conferre
AS 11 breather
30 March 2009 at 14:09Author : Pallavi Pengonda/DNAReported profits of companies are likely to be better for the quarter ending March following the expected suspension of the revised Accounting Standard 11 (AS 11) mark-to-market (MTM) accounting rule.The National Advis
Accounting standards issued for local bodies
25 October 2008 at 16:26The Institute of Chartered Accountants of India (ICAI) has issued the first two Accounting Standards for Local Bodies, viz., Accounting Standard for Local Bodies (ASLB) 3, ‘Revenue from Exchange Transactions, and Accounting Standard for Local B
Issuance of Exposure Draft of revised AS 3
15 October 2008 at 01:17In its endeavors of converging with IASs/IFRSs, the Institute of Chartered Accountants of India (ICAI) has issued an exposure draft of revised Accounting Standard (AS) 3, Statement of Cash Flows on the lines of corresponding IAS 7 for public comments
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