Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The Corporate Affairs Ministry has notified Indian Accounting ...

The International Accounting Standard 1 (IAS 1) serves as a foundational framework for financial reporting, guiding how organisations present their financial statements. However, its implementation ...

IPSAS 41 is the new International Public Sector Accounting Standard on Financial Instruments. The standard was issued by the IPSASB in 2018, with an effective date of January 1, 2023. The standard ...

The International Public Sector Accounting Standards Board released a standard to help entities consistently report ...

The new lease accounting standard[1] published recently by the International Accounting Standards Board (IASB) brings added transparency to financial reporting, according to KPMG International. The ...

New Delhi, Apr 1 () The new accounting standard for leases will bring substantial visibility of companies' lease commitments and improve the quality of financial information about companies, chartered ...