Accounts News

Revision in the criteria for classifying Level II non-corporate entities

08 March 2013 at 10:53

1. The Council of the Institute with a view to harmonise the differences between the Accounting Standards issued by the ICAI and the Accounting Standards notified by the Central Government under the Companies (Accounting Standards) Rules, 2006, in

Posted in Accounts | 3 comments | 27117 Views

Announcement on renumbering of already issued ASLBs

27 February 2013 at 17:05

Committee on Accounting Standards for Local Bodies The Committee on Accounting Standards for Local Bodies (CASLB), since its inception, has issued the following seven Accounting Standards for Local Bodies (ASLBs): 1. ASLB 1, ‘Presentation

Posted in Accounts | 5448 Views

New/Revised Ind ASs finalised by ICAI (Post February, 2011)

07 February 2013 at 17:00

The following are the New/Revised Ind ASs (Post February, 2011) corresponding to the new/revised IFRSs issued by the IASB after finalisation of 35 Ind ASs hosted on the MCA’s website. These Ind ASs have been finalised by the Council of the I

Posted in Accounts | 2 comments | 27513 Views

Exposure Draft: Acquisition of an Interest in a Joint Operation (Proposed amendment to IFRS 11) - (Last date for sending comments: March 20, 2013)

07 February 2013 at 10:01

The International Accounting Standards Board (IASB) has published this Exposure Draft of proposed amendments to introduce guidance on the accounting, by a joint operator, for the acquisition of an interest in a joint operation, as defined in IFRS

Posted in Accounts | 9897 Views

IND-AS placed on MCA website for wider dissemination

18 December 2012 at 11:54

Indian Accounting Standards After extensive stakeholders consultation on IFRS standards, the converged Indian Accounting Standards (IND-AS) have been placed on the website of the Ministry of Corporate Affairs for wide dissemination and fa

Posted in Accounts | 2 comments | 13587 Views

Keeping the Accounting Standards in Tune with the Times

01 December 2012 at 10:53

Government has said that the examination of various rules and Accounting Standards under the Companies Act, 1956 is an ongoing process. Giving this information in written reply to a question in the Lok Sabha Shri Sachin Pilot, Minister of Corporat

Posted in Accounts | 14445 Views

Exposure Draft of Amendments to Indian Accounting Standard (Ind AS) 101, First-time Adoption of Indian Accounting Standards (Comments to be received by December 15, 2012)

30 November 2012 at 12:22

Exposure Draft of Amendments to Indian Accounting Standard (Ind AS) 101, First-time Adoption of Indian Accounting Standards (Comments to be received by December 15, 2012)

Posted in Accounts | 8967 Views