Accounting Standard amendment extends application period for foreign exchange effects under AS eleven until the revised closing date. Amendment revises the temporal scope of Accounting Standard (AS) 11 by substituting the wording of paragraph 46 to change the accounting periods to which the standard's specified transitional/application provision for the effects of changes in foreign exchange rates applies; the change is made under the Companies (Accounting Standards) Rules, 2006 and takes effect on publication in the Official Gazette.