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Ind AS 2 - Inventories

  Ashima chachra    25 February 2015 at 10:12

1. Objective: a) Deals with the determination of cost ,b) Subsequent recognition as an expense , including any write-down to NRV ,c) Guidance on the cost formulas that are used to assign costs to inventories.2. Scope: This Standard applies to all inv

Posted in Accounts  3 comments |   58286 Views


Ind AS applicability

  Ashima chachra    23 February 2015 at 10:17

Indian Accounting Standards (Ind As)As we all know that as per Notification of Ministry of Corporate Affairs on 16th February2015 Ind As has came into force. They shall come into force on the 1st day of April, 2015. I have gone through the notificati

Posted in Accounts  13 comments |   269730 Views


Corporate Social Responsibility - Highlights

  Ashima chachra    09 November 2013 at 13:03

Corporate Social Responsibility (CSR) new hot topic introduced by Companies Act, 2013.Many times we have heard about CSR but what exactly it is let us now understand. What is CSR ? As a layman if we explain it t

Posted in Corporate Law  4 comments |   24638 Views