Tag: lu bba notes download

The Standard shall be applied in accounting for construction contracts in the financial statements of contractors. A construction contract is…

The objective of this standard is to prescribe the accounting treatment for income taxes. The principal issue in accounting for…

Ind AS 16 Property Plant Equipment is applicable to all Property and P&E (Plant & Equipment) unless and until any…

Ind AS-17: Leases Lessee Accounting: Initial recognition: A Lessee is required to recognise a right of use asset representing its…

IAS 18 Revenue outlines the accounting requirements for when to recognise revenue from the sale of goods, rendering of services,…

Government grants are assistance by government in the form of transfers of resources to an entity in return for past…

The treatment of such borrowing cost is prescribed under Ind AS 23, AS 16 under IGAAP, and IAS 23 under…

Cash on hand, demand deposits, investment only when it has a short maturity of, say, three months or less from…

An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of…

Indian Accounting standard 8 is intended to enhance the reliability and relevance of an organization’s financial statements. It also aims…