AS 30,31 and 32

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Anil Kumar Meena (Querist)
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26 September 2010 Hi,

As per my knowledge AS 30,31 and 32 is the replacement of AS 13.As per ealier proposal of ICAI..it is effctive from 1st April 2011..

But now AS 30,31 and 32 is effective from 1st july 201o.

Is AS 13 is abolished effective from 1st july 2010?

Please confirm its urgent..

Thanks,
Anil

shakuntala chhangani

shakuntala chhangani (Expert)
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27 September 2010 Hi Anil, AS 30,31 n 32 r recommendatory from 1.4.2009 and mandatory from 1.4.2011.

From the date of this Standard becoming mandatory for the concerned entities, the following stand withdrawn:

(i) Accounting Standard (AS) 4, Contingencies and Events Occurring After the
Balance Sheet Date, to the extent it deals with contingencies3.

(ii) Accounting Standard (AS) 11 (revised 2003), The Effects of Changes in Foreign
Exchange Rates, to the extent it deals with the ‘forward exchange contracts’.

(iii) Accounting Standard (AS) 13, Accounting for Investments, except to the extent it relates to accounting for investment properties.

From the date this Accounting Standard becomes recommendatory in nature, the following Guidance Notes issued by the Institute of Chartered Accountants of India, stand withdrawn:

(i) Guidance Note on Guarantees & Counter Guarantees Given by the Companies.

(ii) Guidance Note on Accounting for Investments in the Financial Statements of
Mutual Funds.

(iii) Guidance Note on Accounting for Securitisation.

(iv) Guidance Note on Accounting for Equity Index and Equity Stock Futures and
Options.

Consequential limited revision has been made to the following ASs :
AS 2, AS 11 (revised 2003), AS 21, AS 23, AS 26, AS 27, AS 28 and AS 29
Regards, CA Shakuntala Chhangani

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Anil Kumar Meena

Anil Kumar Meena (Querist)
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29 September 2010 Thank you mam.

Its really very help full..

Thanks you so much

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