Sanjay S
(Chartered Accountant)
(1375 Points)
Replied 21 February 2017
Yes. It is applicable. The entire AS has been amended to bring it in line with 'IndAS 16 - Property, Plant & Equipment'.
Other stds that have changed are AS 2, 4, 10, 13, 14, 21, 29.
You can refer the RTP May 2017. It has listed out all the amendments in friendly manner.
If you are finding it hard to comprehend, you may refer to this youtube lecture that covers the new AS 10:
https://www.youtube.com/watch?v=DPkLOxmWIgc
Lecture by CA ZUBAIR KHAN.
The file being referred to in the video is attached herewith.
Hope this helps.
All the very best.
Rajavardhan.A
(student)
(367 Points)
Replied 17 March 2017
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
