Search Results for Tag : Accounting
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Central Government amends Companies (Indian Accounting Standards) Amendment Rules, 2020(24.07.2020)
The Central Government, in consultation with the National Financial Reporting Authority amends the Companies (Indian Accounting Standards) Rules, 2015.....
Tags : Accounting standards, Amendment, Rules
Notifications & Circulars
Reporting and accounting of Central Government transactions of March 2021(18.03.2021)
1. Please refer to Circular DGBA.GBD.No.1744/42.01.029/2019-20 dated March 17, 2020 advising the procedure to be followed for reporting and accounting.....
Tags : Reporting, Accounting, Transactions
Accounting of premium, claims and related expenses on estimation basis(15.06.2022)
1. At present, para 2 of Part I of Schedule B of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors .....
Tags : Accounting, Premium, Estimation basis
Roadmap drawn up for converging Ind AS with IFRS(18.01.2016)
In consultation with the Reserve Bank of India, Insurance Regulatory and Development Authority and Pension Fund Regulatory and Development Authority, .....
Tags : Accounting standards, ifrs, roadmap, 2018
Sale of Securities held in Held to Maturity (HTM) Category - Accounting treatment(10.06.2019)
Please refer to Para 16.2 of Master Circular DCBR.BPD.(PCB).MC.No.4/16.20.000/2015-16 dated July 01, 2015 on Investments by Primary (Urban) Co-operati.....
Tags : Securities, Sale, Accounting treatment
Indian Government Accounting Standard on Prior Period Adjustments(02.03.2023)
Whereas, accounting on cash basis recognises prior period items for rectification of errors or adjustment of financial statements for one or more prio.....
Tags : Accounting, Standard, Prior Period
RBI seeks Comments/Feedback on Report of the Working Group on the Implementation of Indian Accounting (20.10.2015)
Reserve Bank of India has released the Report of the Working Group on the Implementation of Indian Accounting Standards by Banks in India. The Report .....
Tags : Rbi, international reporting, accounting, india, standards, budget
Power Ministry mandates energy accounting of DISCOMs with a view to reduce electricity losses(11.10.2021)
As an important step under the ongoing power sector reforms, Ministry of Power today mandated electricity distribution companies to undertake energy a.....
Tags : Energy accounting, DISCOMs, Electricity losses
Timeframe for implementation of Ind AS for scheduled commercial banks(11.02.2016)
The Reserve Bank of India notified scheduled commercial banks are required to comply with Indian Accounting Standards (Ind AS) for accounting periods .....
Tags : Indian accounting standards, commercial banks, implementation
News
IRDAI Defers Implementation of Indian Accounting Standards in Insurance Sectors(22.01.2020)
Insurance Regulatory and Development Authority of India has decided to defer the implementation of Indian Accounting Standards in the Insurance Sector.....
Tags : Insurance Regulatory and Development Authority of India, Indian Accounting Standards
Draft Reporting System on Accounting Separation Regulations, 2016(22.02.2016)
The Telecom Regulatory Authority of India released draft ‘released a consultation paperTags : invit regulations, disclosure, accounting standards
Reporting and Accounting of Central Government transactions of March 2021 - Change of date of closure(07.04.2021)
1.This is with reference to Circular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021 where in the date of closure for reporting residual tran.....
Tags : Reporting, Accounting, Transactions