Accounts News

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 | 9009 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 | 3513 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 | 21267 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 | 6888 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 | 4533 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 | 29994 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 | 5571 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 | 5589 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 | 10578 Views

The Council of the ICWA approves CAS-7 and CAS-8

16 September 2009 at 11:40

The Council of the Institute has approved the Cost Accounting Standard on Employee Cost (CAS-7) & Cost of Utilities (CAS-8) and approved the release of Exposure Drafts on Administrative Overheads & Repairs and Maintenance Cost.Communiqu&eacut

Posted in Accounts | 11124 Views