Option to an entity to adopt alternative treatment in AS 15 - by ICAI

Last updated: 06 November 2007

An amendment by way of limited revision to Accounting Standard (AS) 15, Employee Benefits (revised 2005), has been made with a view to provide, inter alia, an option to an enterprise to charge additional liability arising upon the first application of the Standard as an expense over a period upto five years with a disclosure of un-recognised amount. The Council of the Institute of Chartered Accountants of India has decided to give a one time option to the enterprises which have followed the trea
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Ravikumar.G

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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