TMI BlogAPPLICABILITY OF THE ACCOUNTING STANDARDS TO VARIOUS ENTITIESX X X X Extracts X X X X X X X X Extracts X X X X ..... APPLICABILITY OF THE ACCOUNTING STANDARDS TO VARIOUS ENTITIES - By: - CA GOPALJI AGRAWAL - Corporate Laws / IBC / SEBI - Dated:- 5-10-2012 - - SL. Name of the Standard CORPORATE NON CORPORATE smc non smc LEVEL III LEVEL II LEVEL I AS1 Disclosure of Accounting Policies YES YES YES ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... YES YES AS2 Valuation of Inventories YES YES YES YES YES AS3 Cash Flow Statement NO YES NO NO YES AS4 Contingencies and Events Occuring After the Balance Sheet Date YES YES YES YES YES AS5 Net Profit Or Loss for the Period, Prior Period Item ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and Changes in Accounting Policies YES YES YES YES YES AS6 Depreciation Accounting YES YES YES YES YES AS7 Construction Contracts YES YES YES YES YES AS9 Revenue Recognition YES YES YES YES YES AS10 Accounting for Fix ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed Assets YES YES YES YES YES AS11 The Effect of Changes in Foreign Exchange Rates YES YES YES YES YES AS12 Accounting for Government Grant YES YES YES YES YES AS13 Accounting for Investments YES YES YES YES YES AS14 Acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ounting for Amalgamation YES YES YES YES YES As15 Employee Benefits PARTLY YES PARTLY PARTLY YES AS16 Borrowing Costs YES YES YES YES YES AS17 Segment Reporting NO YES NO NO YES AS18 Related Party Disclosure YES ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... YES NO YES YES AS19 Leases PARTLY YES PARTLY PARTLY YES AS20 Earning Per Share PARTLY YES NO NO YES AS21 Consolidated Financial Statements NO YES NO NO NO AS22 Aaccounting for taxes on Income YES YES YES ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... YES YES AS23 Accounting for investment in Associates in Consolidated Financial Statements NO YES NO NO NO AS24 Discountinuing Operations YES YES NO YES YES AS25 Interim Financial Reporting NO YES NO NO YES AS26 Intengible Assets YES ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... YES YES YES YES AS27 Financial Reporting of Interest in Joint Ventures NO YES NO NO NO AS28 Impairment of Assets PARTLY YES PARTLY PARTLY YES AS29 Provision,Contingent Liabilities and Contingent Assets PARTLY YES PARTLY PARTLY YES - - Sc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... holarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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