Govt amends rules pertaining to Indian Accounting Standards
Posted Date : 20-Jun-2021 , 09:31:47 am | Posted By CASANSAAR
The government has amended rules pertaining to various Indian Accounting Standards (Ind AS), including those related to interest rate benchmark reform. Ind AS are converged with the International Financial Reporting Standards (IFRS).
On Friday, the corporate affairs ministry notified the Companie...
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IFRS |
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RBI asks banks to reclassify MSMEs as per revised criteria
Posted Date : 03-Jul-2020 , 10:37:05 am | Posted By CASANSAAR
The RBI has asked banks, financial institutions and NBFCs to reclassify micro, small and medium enterprises on the basis of the new criteria.
Last month, the government notified new criteria for classification of micro, small and medium enterprises (MSMEs) on the basis of turnover and investment ...
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IFRS |
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Revised IFRS 16 - Finance Lease
Posted Date : 16-Feb-2020 , 09:59:43 am | Posted By CASANSAAR
Discussion on Revised IFRS 16 - Finance Lease by CA. Bhawna Dawar.
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IFRS |
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Global accounting body flays India for postponing over IFRS
Posted Date : 19-May-2011 , 10:42:16 am | Posted By CASANSAAR
The International Accounting Standards Board (IASB) on Wednesday flayed India's dilly-dallying on implementing global accounting norms IFRS and said that it is undermining the country's global standing.
"New Delhi needs to curb its anxiety to be different and stop mongering about the many u...
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Category :
IFRS |
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Investors want govt to keep Indian A/c standards close to IFRS
Posted Date : 06-Apr-2011 , 09:24:50 pm | Posted By CASANSAAR
Majority of investors want the government to keep national accounting standards as close to the international norms (called IFRS) as possible, says a survey conducted by the global accounting firm Ernst & Young.
According to the report 'IFRS convergence: an investor's perspective', the firm...
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Category :
IFRS |
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No IFRS, but strict norms take over
Posted Date : 02-Apr-2011 , 08:22:28 am | Posted By CASANSAAR
The implementation of the International Financial Reporting Standards , or IFRS , has been put off for now, but the government is pressing ahead with the reforms in the way companies present their financials.
The Corporate Affairs Ministry has made it mandatory for large companies to prepare th...
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IFRS |
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Government deferred IFRS implementation
Posted Date : 14-Mar-2011 , 12:28:47 pm | Posted By CASANSAAR
The government has deferred the implementation of international financial reporting standards , acknowledging industry demand to extend the April 1 deadline to remove ambiguities on taxation issues. The decision has come as a relief for over 300 large companies, which were to s...
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IFRS |
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Indian Accounting Standards Converged with IFRS Notified
Posted Date : 14-Mar-2011 , 12:16:20 pm | Posted By CASANSAAR
Reliable, consistent and uniform financial reporting is important part of good corporate governance practices worldwide in order to enhance the credibility of the businesses in the eyes of investors to take informed investment decisions. In pursuance of G-20 commitment given by...
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IFRS |
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