Definition: Revenue needs to be recognized when an entity transfers the control of goods and services to customers at an amount that the entity expects to be entitled. Ind AS 115, a new revenue recognition standard introduced and replaced the below existing Standards. Ind AS 11-construction …

Standard shall be applied in accounting for the impairment of all assets except below Exclusions •Inventories (see Ind AS 2 Inventories); •Assets arising from construction contracts (see Ind AS 11 Construction Contracts); •Deferred tax assets (see Ind AS 12 Income Taxes); •Assets arising from employee benefits …

The Board of Studies has introduced e-Books for the benefit of the students registered under the new scheme of education and training. The e-Books are available through the following link: https://learning.icai.org   Only authenticated students are able to avail this facility using their login credentials. Presently, …

The Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training. The Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. And also provided the considerable amount of time period to the students …