List of Ind AS Notified by MCA – Indian Accounting Standards. Ministry of corporate affairs issued list of Indian Accounting Standards (IndAS), Here we are providing complete list of IndAS notified by MCA. In this article you can find list of all IND AS and Description of all IndAS like – Details for IndAS 102 […]
Ind AS 33, Earnings per Share : The objective of Ind AS 33 is to prescribe principles for the determination and presentation of earnings per share, so as to improve performance comparisons between different entities in the same reporting period and between different reporting periods for the same entity. The focus of this Standard is on […]
Ind AS 11, Construction Contracts: Ind AS 11 prescribes the accounting treatment of revenue and costs associated with construction contracts. Because of the nature of the activity undertaken in construction contracts, the date at which the contract activity is entered into and the date when the activity is completed usually fall into different accounting periods. Therefore, […]
Ind AS 10, Events after the Reporting Period: The objective of IndAS 10 is to prescribe: when an entity should adjust its financial statements for events after the reporting period; and the disclosures that an entity should give about the date when the financial statements were approved for issue and about events after the reporting The […]
Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors: The objective of IndAS 8 is to prescribe the criteria for selecting and changing accounting policies, together with the accounting treatment and disclosure of changes in accounting policies, changes in accounting estimates and corrections of errors. The Standard is intended to enhance the relevance and […]
Ind AS 7, Statement of Cash Flows: Ind AS 7 prescribes principles and guidance on preparation and presentation of cash flows of an entity from operating activities, investing activities and financing activities for a reporting period. The objective of Ind AS 7 is to provide information about the historical changes in cash and cash equivalents of […]
Ind AS 1, Presentation of Financial Statements: Ind AS 1 prescribes the basis for presentation of general purpose financial statements to ensure comparability both with the entity’s financial statements of previous periods and with the financial statements of other entities. It sets out overall requirements for the presentation of financial statements, guidelines for their structure and […]
IND AS 36 Impairment of Assets, Check Summary of IND AS 36 Impairment of Assets. The Objective of Ind AS 36 is to ensure that assets are carried at not more than at recoverable value. The standard also specifies when an entity should reverse an impairment loss and provide disclosures while preparing and presenting the financial statements. […]
What is IASB, FASB, IFRS, Ind AS and US GAAP?. Everything you want to Know about for IASB, FASB, IFRS, Ind AS, Indian GAAP US GAAP etc. In this article you can find complete details for IASB, FASB, IFRS, Ind AS and US GAAP like – What is IASB and FASB?, What is GAAP?, Is there a difference between […]
IndAS 23 Borrowing Costs: Definition, Scope, Treatment, Disclosure: It is quite common where an entity borrow funds for meeting its various business needs like acquisition of building, day to day operations etc. On such borrowed funds an entity incurs the cost known as borrowing cost. Now, the query arises how such borrowing cost should be […]