https://www.taxtmi.com/notifications?id=23725 The amendment prescribes Indian Accounting Standards (Ind AS) in a new Annexure A, requires specified classes of companies (including large listed, cross listed and high net worth entities, and specified banking, insurance and NBFC categories) to adopt Ind AS on a phased basis, and separates application regimes for Annexure A and Annexure B standards. Annexure A reproduces substantive Ind AS provisions such as inventory measurement at the lower of cost and net realisable value, cash flow statement classification and methods, rules on accounting policy changes, events after the reporting period, government grants, and foreign exchange translation, with corresponding disclosure obligations. en-us Thu, 03 Mar 2011 00:00:00 +0530 Mon, 18 Apr 2016 23:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23725 The amendment prescribes Indian Accounting Standards (Ind AS) in a new Annexure A, requires specified classes of companies (including large listed, cross listed and high net worth entities, and specified banking, insurance and NBFC categories) to adopt Ind AS on a phased basis, and separates application regimes for Annexure A and Annexure B standards. Annexure A reproduces substantive Ind AS provisions such as inventory measurement at the lower of cost and net realisable value, cash flow statement classification and methods, rules on accounting policy changes, events after the reporting period, government grants, and foreign exchange translation, with corresponding disclosure obligations. Notifications Companies Law Thu, 03 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23725