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ICAI releases e-version of compendium of revised Indian Accounting Standards

The e-version of compendium of Ind AS includes amendments that were made in Companies (Indian Accounting Standards) Amendment Rules and became effective on April 1.

RBI again defers Ind AS implementation by banks

Earlier in April 2018, the central bank had postponed the implementation of the Indian Accounting Standards (Ind AS) by the banks by one year.

Ind-AS migration to raise banks' capital need by 30%: SS Mundra

Banks will have to comply with the Indian Accounting Standards (Ind-AS) for financial statements for accounting periods beginning from April 2018.

Challenges aplenty for new accounting norms in insurance

â€œAll the linked products (unit linked products and variable insurance products) and all the non-linked products (including variable insurance products classified as non-linked products) are recommended not to be unbundled,â€ the report said.

'Panel suggestions may lower MAT liability on Ind AS adoption'

The government in June last year constituted a Committee under retired Indian Revenue Service officer M P Lohia, to suggest the framework for computation of book profit for the purposes of levy of MAT for Indian Accounting Standards (Ind AS) compliant companies.

Moving toward a sustainable IND AS reporting regime

Starting 1 April 2016, more than 1,000 companies will report under the new International Financial Reporting Standards (IFRS) converged accounting standards: Indian Accounting Standards (IND AS).

What makes Q1 a better earnings quarter? Hear out the experts

CNBC-TV18's Sonia Shenoy and Anuj Singhal spoke to a panel of guests on their expectations from first quarter earnings. They gave their views and outlook on a range of sectors from cement, capital goods to pharma. Here are their views.

Listed firms get more time to comply with Ind AS

Capital markets regulator SEBI on July 5 allowed more time for listed companies to submit their financial statements that are compliant with the new accounting standards

'Ind AS requires 3,000 disclosures for fair picture of cos'

To provide a "fair picture" of a company's financial position, more than 3,000 disclosures will be required under the Indian Accounting Standards, according to chartered accountants' apex body ICAI

Over half of India Inc not ready for Ind AS implementation:PwC

"Also, 39 per cent of them are yet to start or plan for the impact assessment of Ind AS adoption," says a PwC quoting the findings from a February 2016 survey among 100 companies across industry sectors and size.

Govt seeks views on Ind AS compliant fin statement format

According to the draft, financial statements should disclose all material items such as those which can "individually or collectively, influence the economic decisions that users make on the basis of the financial statements".

BFSI, retail, pharma to be impacted most by Ind AS: Survey

The switch to Indian Accounting Standards (Ind AS) will impact companies the most in financial services, retail and pharma sectors even as half of the firms polled are yet to plan for the new standard which kicks-off from April 1, says a survey.

IFRS convergence: Govt notifies 39 accounting standards

According to PwC these two standards will have an enormous effect - it will not only impact every company's top line and therefore bottom line but will require other organisational and business changes.

Revision to Schedule VI to the Companies Act

MCA has revised Schedule VI in February 2011. The Schedule has been framed in accordance with the existing non-converged Indian Accounting Standards (“AS”), notified under the Companies (Accounting Standards) Rules, 2006.