CA Manish C. Iyer’s Post

Responded to Issue Id: 4764 applying following Ind AS: Ind AS 32 – Financial Instruments: Presentation Issues in Issue Repository: 382 Issues in Issue Repository can be searched based on: 1. Framework – Accounting Standards or Indian Accounting Standards; 2. Standards in the selected Framework; 3. Paragraph no. in the selected standard; 4. Issue Id; or 5. Keywords.   Register now on https://gaapadvisors.com and get 48 hours of free subscription access to all repositories which includes the benefit to submit issues.   Excel in Financial Reporting in India #GAAPAdvisors - Enabling Excellence in Financial Reporting

Responded to Issue Id: 4768 applying following AS: AS 18 – Related Party Disclosures Issues in Issue Repository on AS 18: 19 Issues in Issue Repository can be searched based on: 1. Framework – Accounting Standards or Indian Accounting Standards; 2. Standards in the selected Framework; 3. Paragraph no. in the selected standard; 4. Issue Id; or 5. Keywords.   Register now on https://gaapadvisors.com and get 48 hours of free subscription access to all repositories which includes the benefit to submit issues.   Excel in Financial Reporting in India #GAAPAdvisors - Enabling Excellence in Financial Reporting

Responded to Issue Id: 4771 applying following Ind AS: Ind AS 109 – Financial Instruments Issues in Issue Repository on Ind AS 109: 1503 4500+ Issues in Issue Repository can be searched based on: 1. Framework – Accounting Standards or Indian Accounting Standards; 2. Standards in the selected Framework; 3. Paragraph no. in the selected standard; 4. Issue Id; or 5. Keywords.   Register now on https://gaapadvisors.com and get 48 hours of free subscription access to all repositories which includes the benefit to submit issues.   Excel in Financial Reporting in India #GAAPAdvisors - Enabling Excellence in Financial Reporting

🚨 Update on Indian Accounting Standards 🚨 The Central Government, in consultation with the National Financial Reporting Authority, has announced important updates to the Companies (Indian Accounting Standards) Rules, 2015, effective August 12, 2024. These changes, implemented under the Companies (Indian Accounting Standards) Amendment Rules, 2024, aim to enhance transparency and consistency in financial reporting. 🔍 Key Amendments: Introduction of Ind AS 117: This new standard focuses on Insurance Contracts. It requires entities to provide comprehensive and relevant information about insurance contracts, allowing users of financial statements to better understand their impact on the entity’s financial position, performance, and cash flows. Revisions to Related Standards: To align with Ind AS 117, updates have been made to several other standards including: Ind AS 101: First-time Adoption of Indian Accounting Standards Ind AS 103: Business Combinations Ind AS 105: Non-current Assets Held for Sale and Discontinued Operations Ind AS 107: Financial Instruments: Disclosures Ind AS 109: Financial Instruments Ind AS 115: Revenue from Contracts with Customers These amendments are designed to ensure consistency and clarity across financial reporting standards, providing a clearer picture of an entity’s financial health and performance. #AccountingStandards #IndAS117 #FinancialReporting #InsuranceContracts #Compliance #Finance #Accounting #BusinessUpdates #companysecretary

Responded to Issue Id: 4757 applying following Ind AS: Ind AS 32 – Financial Instruments: Presentation Issues in Issue Repository: 380 Issues in Issue Repository can be searched based on: 1. Framework – Accounting Standards or Indian Accounting Standards; 2. Standards in the selected Framework; 3. Paragraph no. in the selected standard; 4. Issue Id; or 5. Keywords.   Register now on https://gaapadvisors.com and get 48 hours of free subscription access to all repositories which includes the benefit to submit issues.   Excel in Financial Reporting in India #GAAPAdvisors - Enabling Excellence in Financial Reporting

Yesterday I attended session on Conceptual Framework and Financial Reporting on #SkillArbitrage portal and learnt about topics like accounting regulatory authority in india and in USA, framework of financial statements, Accounting rules and Diffrence between US GAAP and IFRS. yesterday's class was felt like foundation class for starting US Accounting and bookkeeping class. . . Skill Arbitrage Chinaza Ukadike Adv.Jyotica Sharma Chidimma Nwosu-Okoli

The Malaysian Accounting Standards Board (MASB) has released amendments to MFRS 9 (equivalent to IFRS 9) ‘Financial Instruments’ and MFRS 7 (equivalent to IFRS 7) ‘Financial Instruments: Disclosures’, following a post-implementation review (PIR) of MFRS 9 completed by International Accounting Standard Board (IASB). The amendments also include consequential changes to MFRS 19 (equivalent to IFRS 19) ‘Subsidiaries without Public Accountability: Disclosures’ to reflect the amendments made to MFRS 7. Read our publication to know more about the amendments.

Responded to Issue Id: 4770 applying following Ind AS: Ind AS 1 – Presentation of Financial Statements Issues in Issue Repository on Ind AS 1: 278 Ind AS 101 – First-time Adoption of Indian Accounting Standards Issues in Issue Repository on Ind AS 101: 168 Issues in Issue Repository can be searched based on: 1. Framework – Accounting Standards or Indian Accounting Standards; 2. Standards in the selected Framework; 3. Paragraph no. in the selected standard; 4. Issue Id; or 5. Keywords.   Register now on https://gaapadvisors.com and get 48 hours of free subscription access to all repositories which includes the benefit to submit issues.   Excel in Financial Reporting in India #GAAPAdvisors - Enabling Excellence in Financial Reporting

Responded to Issue Id: 4767 applying following Ind AS: Ind AS 7 – Statement of Cash Flows Issues in Issue Repository on Ind AS 7: 40 Issues in Issue Repository can be searched based on: 1. Framework – Accounting Standards or Indian Accounting Standards; 2. Standards in the selected Framework; 3. Paragraph no. in the selected standard; 4. Issue Id; or 5. Keywords.   Register now on https://gaapadvisors.com and get 48 hours of free subscription access to all repositories which includes the benefit to submit issues.   Excel in Financial Reporting in India #GAAPAdvisors - Enabling Excellence in Financial Reporting

Assessment of uses and benefits of AAOIFI accounting standards in the context of National Accounts... https://lnkd.in/dsqVyRy7 #standards #accounting #nationalaccounts