recent amendments in accounting standards

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sanjeev (Querist)
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15 November 2008 which standards have been recently amended...
what are the accounting standards applicable for May 2009 attempt Ca (final)

Deepak Agrawal

Deepak Agrawal (Expert)
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15 November 2008 All AS issued by ICAI are mandatory
AS 18 which was applicable to Levle 1 companies are now applicable to all...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 November 2008 Will you please give me the effective date of AS 18 applicable to level-2 and 3 companies.

sanjeev

sanjeev (Querist)
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15 November 2008 which standards have been recently amended...

Deepak Agrawal

Deepak Agrawal (Expert)
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15 November 2008 7th Decemeber 2006, the datwe which company accounting standard rules became applicable
Refer its notification

Nirav Vora

Nirav Vora (Expert)
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15 November 2008 hi...

Before amendment there is contravecy between as-10 and companies act 1956 that as per As-10, any exchange gain/loss arise on assets purchase on deffered payment system, such gain/loss will charge to P&L a/c. and as per companies act, it will charge to caost of assets. but now it is amended that any gain/loss will charged to P&L a/c.

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