Accounting records maintained on the basis of Generally Acceptable Accounting Principle (GAAP) form the basis for estimating Non-Injurious Price. In the estimation of Non-Injurious Price for the Domestic Industry, the Authority makes appropriate analysis of all relevant factors like usage of raw ...
With the globalization and advancement of India, Indian accountant professionals(IAP) are not only required to follow the India AS but also required to follow the US GAAP, as many MNC are doing the accounting job from India and IAP are not require to prepare the financials for Indian company...
A completed contract is a contract for which the entity has transferred all of the goods or services identified in accordance with previous GAAP.' As per the above, a first-time adopter is allowed (but not required) to apply the transitional provisions contained in par...