https://www.taxtmi.com/notifications?id=118947 Amendments revise multiple Accounting Standards: AS 2 mandates inventories be measured at the lower of cost and net realisable value with defined cost components, permitted cost formulas and disclosure requirements; AS 4/AS 29 distinguish contingencies and post balance sheet events, require provisions only where present obligation, probable outflow and reliable estimate exist and set measurement and disclosure rules; AS 10 prescribes recognition, measurement (cost or revaluation model), depreciation, derecognition and disclosure for property, plant and equipment; AS 13, AS 14 and AS 21 restate rules for investments, amalgamations (including goodwill treatment) and consolidated financial statements, with transitional provisions and cross references to other Standards. en-us Wed, 30 Mar 2016 00:00:00 +0530 Fri, 01 Apr 2016 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118947 Amendments revise multiple Accounting Standards: AS 2 mandates inventories be measured at the lower of cost and net realisable value with defined cost components, permitted cost formulas and disclosure requirements; AS 4/AS 29 distinguish contingencies and post balance sheet events, require provisions only where present obligation, probable outflow and reliable estimate exist and set measurement and disclosure rules; AS 10 prescribes recognition, measurement (cost or revaluation model), depreciation, derecognition and disclosure for property, plant and equipment; AS 13, AS 14 and AS 21 restate rules for investments, amalgamations (including goodwill treatment) and consolidated financial statements, with transitional provisions and cross references to other Standards. Notifications Companies Law Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118947