Applicability of Standards for May 2016







AS 1-29 are applicable for Exams May 2016 that means AS 30, 31, 32 are not applicable.      



ICAI has decided to make Ind AS 32, 107 and 109 applicable in place of AS 30,31,32 for May 2016 exams.  [ICAI Announcement] That means these Ind AS are expected to be studied in detail.

Comparison between AS and Ind AS, between AS and IFRS, Significant difference between Ind AS, Understanding of US GAAPs, Application of IFRS and US are applicable. [ICAI Announcement]

Comparison between AS 30,31,32 and Ind AS 32, 107, 109 is not applicable [ICAI Announcement]

Companies Act, 2013 sections/circulars/notifications/rules/guidelines applicable upto October 31, 2015 for May 2016 exams [Approved List]

Revised Chapter 2 - All Ind AS overview: Download PDF
Revised Chapter 6 - Accounting and Reporting of Financial Instruments: Download PDF

Comments

  1. Varun BhardwajFebruary 26, 2016 at 9:02 AM

    Thanks for extracting. This was helpful.

    ReplyDelete
    Replies
    1. CA. Urvashi D. Maharshi February 26, 2016 at 9:20 AM

      Thanks for reading the article. Glad you found it useful :) Stay tuned for more!

      Delete
  2. UnknownFebruary 26, 2016 at 9:10 AM

    Thanks Urvashi. You're doing a very nice job.

    ReplyDelete
    Replies
    1. CA. Urvashi D. Maharshi February 26, 2016 at 9:20 AM

      Thanks Nikhil for reading the article. Glad you found it useful :) Stay tuned for more!

      Delete
  3. UnknownFebruary 26, 2016 at 9:17 AM

    Hi which notes to refer for comparison between IND AS and AS?

    ReplyDelete
    Replies
    1. CA. Urvashi D. Maharshi February 26, 2016 at 9:21 AM

      Thanks for reading the article. I would suggest you to refer DS Rawat Ind AS comparison pages. Hope this will help. Stay tuned for more!

      Delete

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