Dear Professional Colleagues..
Can some one suggest me, whether there are any changes in Accounting Standards or any provision relating finalisation of accounts.
For example:
1 Useful life of assets has been reduced under Companies Act 2013.
2. Section 129 has been added in the Companies Act 2013, making it mandatory for companies having subsidiaries & Associates to consolidate their accounts. This provision is also applicable on Private Companies.
3. I think there is some change in AS-13 as well.
I wish to know these kind of changes, which will have an impact on finalisation of acounts for 2014-15. |