Accounts News
Indian Accounting Standards(Ind AS) an overview ebook
04 July 2018 at 11:04This edition contains an overview of various aspects related to IFRS-converged Indian Accounting Standards (Ind AS) such as roadmap for the applicability of Ind AS, carve-outs from IFRS/IAS, changes in financial reporting under Ind AS compared to fin
ICAI issues Accounting Standard for Local Bodies
30 May 2018 at 16:20The Committee on Accounting Standards for Local Bodies (CASLB) is formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005 to improve financial reporting for local bodies. So far, the Committee has issued thirteen ASLBs including o
FAQ on IndAS by ITFG
06 April 2018 at 11:22Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 15Ind AS Transition Facilitation Group (ITFG) of Ind AS Implementation Group has been constituted for providing clarifications on timely basis on various issues related to the applica
Issuance of New Revenue Standard Ind AS 115
31 March 2018 at 12:22An important development in Ind AS Framework i.e. a new Ind AS in the area Revenue recognition has been notified by Ministry of Corporate Affairs which was formulated based on recommendation made by The Institute of Chartered Accountants of India.The
ICAI group for examining SC judgement on MNC accounting firms
28 March 2018 at 10:41No.M-626/08/MAF&PWC/2018 ALL MEMBERS OF THE COUNCILMadam/Dear Sir,Sub.: Constitution of a Group to examine the issues arising out of the Judgement dated 23.02.2018 of the Hon’ble Supreme Court in the matter of operation of Multinational A
Insolvency and Bankruptcy code has changed debtors and creditor relationship
21 August 2017 at 11:56FM inaugurates the National Conference on Insolvency and Bankruptcy :Changing Paragdigm in Mumbai Creditors and Debtors perspective �Striking the balance �The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley sai
Relevant part of MAT-Ind AS Committee Report
28 July 2017 at 11:26Relevant part of MAT-Ind AS Committee Report dated 17th June, 2017 containing recommendations regarding amendment to the provisions of the section 115JB of the Income-tax Act, 1961 in respect of Ind AS Compliant Companies.Under Ind AS, there are cert
Exposure Draft of Ind AS Taxonomy for Comments
11 January 2017 at 11:14As per the roadmap issued by the Ministry of Corporate Affairs (MCA) in February 2015, certain class of companies have to prepare their financial statements as per Indian Accounting Standards (Ind AS) which are converged with International Financial
Nomination for Membership at the International Accounting Standards Board
08 November 2016 at 10:45International Accounting Standards Board (IASB) is seeking applications for vacancies in the Board (A) IASB position summary:The International Accounting Standards Board is the independent standard-setting body of the IFRS Foundation. Members of the
Road Map for implementation of Indian Accounting Standards
30 April 2016 at 15:44The Road Map for implementation of Indian Accounting Standards (Ind AS) for commercial Banks (Banks), Insurance Companies (Insurers) and Non-Banking Financial Companies (NBFCs) was announced on 18/01/2016 and implementation schedule is drawn as follo
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