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Accounts News



Accounting Standards Board The Institute of Chartered Accountants of India 25th August, 2020 ANNOUNCEMENT Release of New Compendium of Indian Accounting Standards (Ind AS) as on April 01, 2020. The Ministry of Corporate Affairs (MCA), notified Ind AS in year 2015 applicable to large entit..

Posted in Accounts |   784 Views



Accounting Standards Board The Institute of Chartered Accountants of India July 28, 2020 ANNOUNCEMENT Inviting members for contributing in development of Case Studies on Ind AS for Knowledge Data warehouse on Ind AS We are pleased to mention that ICAI through the Accounting Standards Boar..

Posted in Accounts |   391 Views



'Accounting Standards : Quick Referencer' Click here for E-Book Version  ..

Posted in Accounts  6 comments |   3687 Views



In the larger interest of the Indian economy and industries, the ICAI always endeavours to ensure that Indian Accounting Standards (Ind AS) Framework remains converged at all time with globally acceptable IFRS Standards. The ICAI continuously monitors the financial reporting developments globally an..

Posted in Accounts |   1603 Views



Various Ind As have been made applicable from today i.e 1st April 2019. MCA has issued two notification in respect of the same, clarifying the nature of the Ind AS and changes. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA M..

Posted in Accounts |   2188 Views



The stakeholders may note that Ind AS 116, Leases shall be applicable with effect from 01st April, 2019 and necessary notification for the same shall be issued in due course after complying with the necessary procedure. http://www.mca.gov.in/ ..

Posted in Accounts |   1085 Views



1 INTRODUCTION a. The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws relating to reorganizatio..

Posted in Accounts |   790 Views



The Committee on Accounting Standards for Local Bodies (CASLB) has been formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005. So far, the Committee has issued fifteen ASLBs. Moving forward in this direction, the Committee has finalised the Exposure Draft of ASLB 23, ..

Posted in Accounts |   913 Views



This 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 financial reporting under accounting standards, summa..

Posted in Accounts |   3822 Views



The 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 one cash based ASLB that will facilitate transition..

Posted in Accounts |   827 Views


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