Accounting Standard 7 : Accounting for Construction Contracts (Revised 2002)
Accounting Standard 7 : Accounting for Construction Contracts (Revised 2002) · Applicable to accounting for construction contract. · Construction c…
Showing posts with the label Accounting StandardShow all
Accounting Standard 9: Revenue Recognition
Accounting Standard 9: Revenue Recognition · Standard does not deal with revenue recognition aspects of revenue arising from construction contracts,…
Accounting Standard 6: Depreciation Accounting
Accounting Standard 6: Depreciation Accounting · Standard does not apply to depreciation in respect of forests, plantations and similar regenerative…
Accounting Standard 3: Cash Flow Statements
Accounting Standard 3: Cash Flow Statements · Prepare and present a cash flow statement for each period for which financial statements are prepared.…
Accounting Standard 2: Valuation of Inventories
Accounting Standard 2: Valuation of Inventories · This standard should be applied in accounting for inventories other than WIP arising under constru…
Accounting Standard 4: Contingencies and Events Occurring after the Balance Sheet Date
Accounting Standard 4: Contingencies and Events Occurring after the Balance Sheet Date · A contingency is a condition or situation the ultimate outc…
Accounting Standard 29 : Provisions, Contingent Liabilities and Contingent Assets
Accounting Standard 29 : Provisions, Contingent Liabilities and Contingent Assets · This statement should be applied in accounting for provisions an…
Accounting Standard 28 : Impairment of Assets
Accounting Standard 28 : Impairment of Assets · Applied in accounting for the impairment of all assets, other than: o inventories (AS 2); o asset…
Accounting Standard 27: Financial Reporting of Interests in Joint Ventures
Accounting Standard 27: Financial Reporting of Interests in Joint Ventures · A joint venture is a contractual arrangement whereby two or more parti…
Accounting Standard 26: Intangible Assets
Accounting Standard 26: Intangible Assets · Not applicable to intangibles covered by other AS, financial assets, mineral rights/expenditure on expl…
Accounting Standard 25: Interim Financial Reporting
Accounting Standard 25: Interim Financial Reporting · Interim financial reports are financial statements (complete or condensed) for on interim per…
Accounting Standard 24: Discontinuing Operations
Accounting Standard 24: Discontinuing Operations · The standard requires an enterprise to segregate information about discontinuing o perations from…
Accounting Standard 23: Accounting for Investments in Associates in Consolidated Financial Statements
Accounting Standard 23: Accounting for Investments in Associates in Consolidated Financial Statements · Consolidation is applicable to all associate…
Accounting Standard 22: Accounting for Taxes on Income
Accounting Standard 22: Accounting for Taxes on Income · Effective date when mandatory – (a) For listed companies and their subsidiaries – 1-4-2001…
AS 20: EPS
Accounting Standard 20: Earnings Per Share · Focus is on denominator to be adopted for earnings per share (EPS) calculation. · In case of enterpri…
