Accounting Standards

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Biju P (Querist)
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11 August 2008 I am CA Final student,I am in great confusion about the four accounting standards issued by institute,these are AS.13,AS.21,AS.23 and AS.27.How do we correlate these accounting standards in practical and examination situations,what are differences between these standards,I've read these standards number of times but I cannot understand the effect of these standrads.I have worked out number of problems from sudy material .Please Help Me

Miss Komal Mantri

Miss Komal Mantri (Expert)
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11 August 2008 u need to find out difference bet'n associate, JV, subsidiary and other investments.. then u ll be clear with the applicability of these accounting standards

CA Abhishek Tyagi

CA Abhishek Tyagi (Expert)
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12 August 2008 Yes first of all you need to be clear about these four type of concepts then u will find the answer urself.

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