Accounts News


Communique from chairman (CASB) regarding clarification on mandatory application of CAS 1-10

   22 February 2010 at 16:45

COMMUNIQUE FROM CHAIRMAN22nd February 2010 The Council of the ICWAI at its 251st Meeting held on 12-13 February

Posted in Accounts |   3243 Views


Two separate sets of AS agreed by the convergence group of IFRS

   23 January 2010 at 10:56

Two separate sets of Accounting Standards u/s Section 211(3c) of the Companies Act agreed upon by the core group for convergence of Indian Accounting Standards with IFRS FOR BANKING AND INSURANCE COMPANIES THERE WILL BE SEPARATE ROADMAP The Core Gr

Posted in Accounts  6 comments |   9039 Views


IASB Exposure Draft on Measurement of Liabilities in IAS 37: Proposed amendments to IAS 37

   15 January 2010 at 10:31

IASB Exposure Draft on Measurement of Liabilities in IAS 37: Proposed amendments to IAS 37The International Accounting Standards Board (IASB) has issued Exposure Draft on Measurement of Liabilities in IAS 37: Proposed amendments to IAS 37 with the fo

Posted in Accounts |   3525 Views


Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010

   09 January 2010 at 10:42

Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010 The Council of the ICWAI at its 251st Meeting held on 12-13 February 2009 and 258th Meeting held on 14th December 2009 decided as below: Mandatory application of Cost Accounti

Posted in Accounts  14 comments |   21276 Views


Research Studies Conducted under The Aegis of ICAI ARF

   08 January 2010 at 18:21

Research Studies Conducted under The Aegis of ICAI ARFAs a part of its continued pursuit to promote research in the fields of accounting, auditing, monetary policies and other related disciplines, the ICAI Accounting Research Foundation (ICAI ARF) ha

Posted in Accounts  1 comments |   6909 Views


Inviting Suggestions, queries/comments relating to tax issues arising from implementation of IFRS

   08 January 2010 at 10:20

Inviting Suggestions, queries/comments relating to tax issues arising from implementation of IFRSThe Central Board of Direct taxes and the Institute of Chartered Accountants of India have jointly constituted a study group to identify direct tax issue

Posted in Accounts |   4551 Views


Accounting Standard (AS) 4 (Revised 20XX) (Corresponding to IAS 10) Events after the Reporting Period

   30 December 2009 at 22:03

Accounting Standard (AS) 4 (Revised 20XX) (Corresponding to IAS 10) Events after the Reporting Period

Posted in Accounts  14 comments |   30003 Views


IASB Exposure Draft of Limited Exemption from Comparative IFRS 7

   01 December 2009 at 13:43

IASB Exposure Draft of Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters: Proposed amendment to IFRS 1The International Accounting Standards Board (IASB) has issued Exposure Draft of Limited Exemption from Comparative IFR

Posted in Accounts  1 comments |   5595 Views


Exposure Draft on Financial Instruments: Amortised Cost and Impairment

   24 November 2009 at 07:08

This Exposure Draft on Financial Instruments: Amortised Cost and Impairment, has been issued by the International Accounting Standards Board with the objective to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard,

Posted in Accounts  2 comments |   5601 Views


Core group favours implementation of IFRS in phased manner

   24 October 2009 at 11:37

The Core Group on convergence of Indian Accounting Standards reiterates commitment to converge with IFRSs by 2011 FAVOURS IMPLEMENTATION OF CONVERGED ACCOUNTING STANDARDS IN PHASED MANNER A meeting of the Core Group constituted by the Ministry of C

Posted in Accounts |   10611 Views



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