https://www.taxtmi.com/acts?id=19804 The Standard permits entities with rate regulated activities that recognised qualifying amounts under previous GAAP to continue recognising regulatory deferral account balances on Ind AS adoption, subject to presentation changes and specified disclosures. Entities must continue previous GAAP policies for recognition, measurement, impairment and derecognition (with an exemption to Ind AS 8), apply those policies consistently, and may change them only where relevance and reliability criteria are satisfied. The Standard requires distinct balance sheet line items for total regulatory deferral account debit and credit balances and comprehensive disclosure of nature, risks, measurement, movements, discount rates and recovery periods. en-us Thu, 04 Jun 2015 12:16:55 +0530 Wed, 13 Sep 2023 17:53:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19804 The Standard permits entities with rate regulated activities that recognised qualifying amounts under previous GAAP to continue recognising regulatory deferral account balances on Ind AS adoption, subject to presentation changes and specified disclosures. Entities must continue previous GAAP policies for recognition, measurement, impairment and derecognition (with an exemption to Ind AS 8), apply those policies consistently, and may change them only where relevance and reliability criteria are satisfied. The Standard requires distinct balance sheet line items for total regulatory deferral account debit and credit balances and comprehensive disclosure of nature, risks, measurement, movements, discount rates and recovery periods. Act-Rules Companies Law Thu, 04 Jun 2015 12:16:55 +0530 https://www.taxtmi.com/acts?id=19804