Level i entities
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2013
In the introductory part to accounting standards Level I enterprises are defined as Non Corporate entities which fall in any of the following categories:
1. Entities whose equities or debt securities are listed or in the process of listing on any stock exchange.
What does Non corporate entities listed on stock exchange or in the process of listing mean?It is obvious that only corporate entities shares are listed on stock exchange.
1. Entities whose equities or debt securities are listed or in the process of listing on any stock exchange.
What does Non corporate entities listed on stock exchange or in the process of listing mean?It is obvious that only corporate entities shares are listed on stock exchange.
Nikhil Kaushik
(Expert)
15 November 2013
agreed friend. possible that they borrowed this clause from some foreign accounting regulations as in many countries non-corporate entities are allowed to list their securities on exchanges. For eg Hongkong allows that.
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