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Indian accounting standards

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yasaswi gomes

My grammar is 💯 good I

5110 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.

Replies (2)

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.

Padmanabhan

Student

553 Points Posted on 10 June 2020

Ind AS 104 is force with limited applicability

yasaswi gomes

My grammar is 💯 good I

5110 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.