Mandatory and Non Mandatory Accounting Standards issued by the ICAI
CA, CS, CMA : Navigate the complexities of foreign exchange with Ind AS 21, guiding the translation and reporting of foreign currency transactio...
CA, CS, CMA : Explore the essentials of Ind AS 20: accounting for government grants and detailing disclosure of government assistance for compli...
CA, CS, CMA : Explore Ind AS 16's guidance on accounting for property, plant, and equipment, covering recognition, measurement, depreciation, an...
CA, CS, CMA : Understand Ind AS 12 for managing income taxes. Learn about accounting treatment, scope, deferred tax assets, liabilities, and com...
CA, CS, CMA : Explore Ind AS 10's guidance on adjusting financial statements for post-reporting period events, including crucial disclosures and...
CA, CS, CMA : Stay updated on Indian Accounting Standards (Ind AS) amendments. Accounting Standards Board seeks your input on Lack of Exchangeab...
CA, CS, CMA : Clarification provides the level of authority of various documents issued by ICAI e.g. Accounting Standards, Auditing Standards, G...
CA, CS, CMA : The Accounting Standards Board issues an Exposure Draft of International Tax Reform—Pillar Two Model Rules, proposing Amendments...
CA, CS, CMA : As per LLP Act 2008, accounts of Limited Liability Partnership shall be audited in accordance with Rules prescribed under LLP Rule...
CA, CS, CMA : In case of corporate entities, the users or primary users of financial information are shareholders, regulators, potential investo...
CA, CS, CMA : The objective of this Standard is to prescribe the manner in which Prior Period Adjustments including errors once identified shall...
Company Law : MCA has notified Companies (Accounting Standards) Rules, 2021 on 23rd June, 2021. vide this notification has amended definition of...
Company Law : These rules may be called the Companies (Indian Accounting Standards) Second Amendment Rules, 2019. They shall come into force on ...
Company Law : GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th March, 2019 G.S.R. 273(E).— In exercise of t...
Company Law : Amendment in Accounting Standard (AS) 11- An enterprise may dispose of its interest in a non-integral foreign operation through sa...
Understand Contingent Liabilities & Assets & how to treat them when preparing Financial Statements as per AS, IND AS & IFRS. Companies (Indian Accounting Standards) Amendments Rules 2021.
Uncover the intricacies of Impairment Loss in accounting through Ind AS 36. Delve into the objective of the standard, ensuring assets are valued appropriately. Explore how tangible and intangible assets face degradation over time and the significance of recording this in financial statements. Understand the factors contributing to impairment, such as technological changes or disposals.
Ensure compliance with accounting standards in annual report preparation. Learn about the importance of accurate cash flow statement disclosure.
Learn about the key points to consider in the preparation of annual reports for companies. Part I focuses on non-compliance related to accounting standards.
NFRA Circular on Non-Accrual of interest on borrowings by the companies in violation of Indian Accounting Standards (Ind AS) It has come to the attention of the NFRA during a disciplinary action under section 132(4) of the Act for professional misconduct of the statutory auditor (CA Som Prakash Aggarwal) of a listed company (Vikas WSP […]
Understand Ind AS-16: Property, Plant And Equipment Amendments 2022. Simple insights on recognition, measurement, and disclosures. No major difference with IAS-16.
Explore key observations on non-compliances in financial reporting, focusing on assets in part 2. Understand discrepancies and their impact on financial statements.
Learn about the common non-compliances in financial reporting observed by the Financial Reporting Review Board (FRRB). Part 1: Assets.
Get to know the Financial Reporting Review Board (FRRB) and its objective of improving the overall quality of financial statements.
Fair value is a market-based measurement, not an entity-specific measurement. For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available.