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Displaying 90 - 100 of 116 in 12 pages

Measures initiated by ICAI for revisiting AS 11

On 09 April 2009 at 11:33

Measures 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 ...

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1 comments | 6735 hits


AS 11 amended

On 03 April 2009 at 10:30

Accounting 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 ...

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8 comments | 14105 hits


AS 11 breather

On 30 March 2009 at 14:09

Author : 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 ...

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1 comments | 4122 hits


Accounting standards issued for local bodies

On 25 October 2008 at 16:26

The 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 ...

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1 comments | 4586 hits


Issuance of Exposure Draft of revised AS 3

On 15 October 2008 at 01:17

In 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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1 comments | 2415 hits


Exposure Draft of Proposed Improvements to IFRSs

On 10 September 2008 at 12:04

Exposure Draft of Proposed Improvements to IFRSs - (09-09-2008)The International Accounting Standards Board (IASB) has issued Exposure Draft of Proposed Amendments to International Financial Reporting Standards (IFRSs) as part of its annual improveme ...

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0 comments | 1417 hits


Changing over from GAAP to IFRS-1: Are we ready yet?

On 11 August 2008 at 16:29

 Sub Heading : A single implementation date for the new regime would be desirableAuthor : Kaushik Dutta & Shrenik Baid/DNAContent :The Institute of Chartered Accountants of India (ICAI) and the Government of India have affirmed that the coun ...

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1 comments | 3153 hits


GAAP: a Game All Accountants Play

On 06 August 2008 at 11:48

Sub Heading : June quarter has seen a host of companies adjusting profits Author : Vivek Kaul & Khyati DharamsiContent : In the quarter ended June 30, 2008, Jet Airways declared a net profit of Rs 143 crore.In an environment where oil prices have ...

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5 comments | 3722 hits


Is India Inc ready for IFRS?

On 14 June 2008 at 11:39

Sub Heading : India is among 150-odd countries that have decided to adopt IFRS from 2011 onwards Author : Darshan Mankad/DNAContent : Come 2011 and India Inc will experience drastic changes in the way financial statements are reported. India is among ...

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0 comments | 3080 hits


ICAI council Approves Accounting Standard (AS) 32,

On 19 May 2008 at 16:49

The Council of the Institute has approved Accounting Standard (AS) 32, Financial Instruments: Disclosures. The objective of this Accounting Standard is to require entities to provide disclosures in their financial statements to enable users to evalua ...

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0 comments | 4409 hits








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