Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsAccounting standards

    Accounting Standards

    Jump to

    • SEBI needs to be consistent in how it defines net worth

      The market regulator’s decision in two cases, where its guidance was sought, has led to two different interpretations on how to calculate net worth 

    • Opinion | Deferring Ind-As for banks is no solution

      Transition to the new norms will be yet another step in the overhaul of the credit culture, especially at state-owned banks. It should be viewed as part of the larger efforts of RBI to improve governance and prevent another massive pile up of soured loans.

    • Ind AS impacts bottomline of top BSE companies, says study

      More than one-fourth of top 100 companies listed on the BSE saw their net profit get impacted by the implementation of the new accounting norms and most of the firms provided only minimum disclosures, says a study.

    • L&T sees order inflows growing 15% in FY17

      L&T posted lower-than-estimated first quarter numbers with a 46 percent rise in consolidated profit to Rs 609.6 crore. Revenues increased 9.1 percent to Rs 21,874 crore.

    • MIP on steel products did not have desired impact: JSW Steel

      Speaking to CNBC-TV18, Seshagiri Rao of JSW Steel said minimum import prices, implemented on 173 products earlier this year, did not have the desired effect on imports.

    • Govt defers implementation of revenue recognition norms

      CNBC-TV18 has learnt that the government has now decided to defer the implementation of the process which will help determine the specific conditions under which income becomes realized as revenue.

    • Sebi rejigs panel on disclosures, accounting standards

      Other members on the panel include Wipro CFO and Executive Director Suresh Senapaty, NSE Managing Director and CEO Chitra Ramkrishna, Comptroller and Auditor General of India (CAG) Director General AB K P Sasidharan and ICAI's S Santhanakrishnan.

    • Govt gears up to notify amended Indian Accounting Standards

      Starting April 2016, listed companies with a net worth of more than Rs 500 crore will have to prepare two sets of accounts. One will be for the purposes of accounting and the other will be for the purposes of tax computation.

    • Draft Tax Accounting Standards - Way To Go?

      By: Pallavi Bakhru, Walker Chandiok & Co.

    • Cos need not maintain 2 account books: FinMin proposal

      Companies wanting to migrate to international auditing norms, IFRS, may be spared from maintaining two books of accounts - one under the Companies Act and the other for taxation purposes, if a Finance Ministry proposal gets implemented.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347