Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May 2020 -Intermediate (New Course) Examination
Intermediate Level (New Course) Paper 1: Accounting
List of Applicable Accounting Standards
- AS 1 : Disclosure of Accounting Policies
- AS 2 : Valuation of Inventories
- AS 3 : Cash Flow Statements
- AS 10 : Property, Plant and Equipment
- AS 11 : The Effects of Changes in Foreign Exchange Rates
- AS 12 : Accounting for Government Grants
- AS 13 : Accounting for Investments
- AS 16 : Borrowing Costs
Applicability of the Companies Act, 2013 and other Legislative Amendments for May, 2020 Examination
The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities up to 31st October, 2019 will be applicable for May, 2020 Examination.
Non-Applicability of Ind AS
The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Rules, 2015 on 16th February, 2015, for compliance by certain class of companies. These Ind AS do not form part of the syllabus and hence are not applicable.
To read more in details: Click Here
Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2020 – Final (New) Examination
|
List of topic-wise exclusions from the syllabus (1) |
(2) |
(3) |
|
S. No. in the revised syllabus |
Topics of the syllabus |
Exclusions |
|
2. |
Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements (v) Ind AS on Assets and Liabilities of the Financial Statements including Industry specific Ind AS (viii) Other Ind AS |
Indian Accounting Standard (Ind AS) 37 ‘Provisions, Contingent Liabilities and Contingent Assets’
|
|
||
|
5. |
Analysis of financial statements |
|
To read more in details: Click Here
CAclubindia
