TMI BlogFICCI demands delay in implementation of IFRSX X X X Extracts X X X X X X X X Extracts X X X X ..... FICCI demands delay in implementation of IFRS - News and Press Release Dated:- 27-12-2010 - News - New Delhi, Dec 27 (PTI) Industry body FICCI has asked the government to delay implementation of in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ternational accounting norms, IFRS, beyond April 2011, saying the deadline is "highly unworkable" and "unfair". In a representation to the Corporate Affairs Ministry, FICCI has said that the transiti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on should be brought in when companies are better equipped to deal with the new envisaged accounting concepts and standards. "Industry (should) be provided at least one year's preparatory time from t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he date when the harmonised, notified and legislated converged accounting standards and other related matters are in place," FICCI said. It pointed out that at the current juncture, global standards ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... themselves are up for revision. Listing the changes, FICCI said that financial instruments, like derivatives, loans, and investments, accounting and reporting framework, accounting for income taxes, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... revenue recognition, and accounting for employee benefits, are undergoing a major revamp. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om - 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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