Indian accounting standards

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My grammar is 💯 good I
7306 Points Posted on 09 June 2020

Hi,

Is ‘Insurance Contracts’ standard included in IndAS?

Is it going to be? Or will it still be considered as Actuarial accounting?

txs.

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On 09 June 2020 at 20:49 Report
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Quick Summary
This discussion clarifies the inclusion of 'Insurance Contracts' within Indian Accounting Standards (IndAS). It confirms that Ind AS 104 is already in force with limited applicability. The conversation also touches upon the desire for hedge accounting to be fully integrated into IndAS, potentially with amendments to IndAS 115.

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Student
1321 Points Posted on 10 June 2020
Ind AS 104 is force with limited applicability
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On 10 June 2020 at 18:22
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My grammar is 💯 good I
7306 Points Posted on 10 June 2020

Thank you. 

I wish that hedge accounting along with this complete standard be introduced into IndAS with effect and changes to IndAS 115 to add them into account. 

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On 10 June 2020 at 18:32

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