The International Accounting Standard Committee (IASC) is committed to eliminate the problems of multiple reporting system which is very time consuming and costly by developing one set standards for reporting financial statements, i.e. IFRS. More than 100 countries including all European Union ...
• The NACAS, while reviewing an Accounting Standard, specifically considers deviations, if any, from the corresponding IFRS and reasons therefor. Convergence with IFRSs in India • Thus, the Accounting Standards issued by the ICAI and notified by the Government are largely in convergence with...
Indian Accounting standards still deal with them in a fragmented manner through two guidance notes (on futures and options) and an Accounting Standard (AS11). This paper is an attempt to synthesize and coordinate differing viewpoints and unify perspectives. The paper explains at length the principle...
内容提示: Indian Accounting Standard (Ind AS) 36 Impairment of AssetsContents ParagraphsObjective 1Scope 2–5Definitions 6Identifying an asset that may be impaired 7–17Measuring recoverable amount 18–57Measuring the recoverable amount of an intangible asset with an indefinite useful life 24Fair ...
(s)touseandhowtoreporttheeffectsofchangesinexchangeratesinthefinancialstatements.Scope3ThisStandardshallbeapplied:(a)inaccountingfortransactionsandbalancesinforeigncurrencies,exceptforthosederivativetransactionsandbalancesthatarewithinthescopeofIndAS109,FinancialInstruments;(b)intranslatingtheresultsandfinancialpositionof...
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4. Consolidation of subsidiary companies:Under Indian GAAP (AS 21), Consolidation of Accounts of subsidiary companies is not mandatory. AS 21 is mandatory if an enterprise presents consolidated financial statements. In other words, the accounting standard does not mandate an enterprise to present cons...
EVA was initially created by making what they refer to as “distortions” due to accounting regulations to the net operating profit after tax (NOPAT). The cost of capital is subtracted from this modified NOPAT. The fundamental idea of EVA is to assess a company's performance by determining ...
A detailed description of the line items from the revenue expenditure accounting in the Finance Accounts used to compile our measure of targetable private goods is provided in the Online Appendix, along with a justification as to why each item is relatively private and relatively targetable in natur...
The socioeconomic impact of FDI on a given host economy is examined through wealth creation, economic development, economic growth, improvement in standard of living, improvement in productivity, and supply chain connectivity. The literature indicates that while there are many benefits of FDI, certain...