endobj AS VS. IND AS Topic AS6, AS 10 Ind AS 16 Change in method of depreciatio n … endobj Ind AS 18 Revenue: 20. Ind AS 12 Income Taxes: 17. IND-AS 108 OPERATING SEGMENTS. <>stream
Apart from AS-19 contents 2. endobj Difference between IFRS 15, Ind AS 115, ASC 606 and IAS 18 & IAS 11 2. 425 0 obj endobj <> 509 0 obj 57f7fc4eac681e36279a2d327db5f6afd535c773 454 0 obj Ind AS 17 Leases: 19. <> 471 0 obj KEY DIFFERENCES- AS VS. IND AS 1. 94 0 obj [470 0 R 477 0 R 478 0 R 480 0 R 486 0 R 487 0 R 489 0 R 495 0 R 496 0 R 497 0 R 501 0 R 498 0 R 499 0 R 500 0 R 502 0 R] Difference Between AS 9 and Ind AS 18. 80 0 obj 401 0 obj 504 0 obj 506 0 obj Ind AS 18. 0000013735 00000 n
This standard also modifies other Ind AS for e.g. 128 0 obj date of disposal of an item of PPE is the date the recipient … ��%��[�NOn� .ENQ>��ة\eO�l����8�7vP0�W��A�k�A�����N,��ӡh&�0���������1���a,¤��4tJ�&�$}x$QxjF�@]M�CUxC�=�O.�y��{����{�kD��"(���Som�E�TP�;�����{R@��p�6o������~�:�ս�`m�$�sW�#U�z}�:��9�(j�y�ܽj6�ʘ�nj�*P�8J����8Z�%ŝ#�T�8ջ�F��k����=�� /�� <> 119 0 obj
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<> Readymade Garments Shop Returnable Only Exchange Flight Tickets Sales on CIF basis 3. 119 35
Like ASC 606 and IFRS 15, India too has accounting standards that provide guidelines for standardized revenue recognition to simplify taxation in India’s burgeoning economy, and this standard is known as the Ind AS 18. 0000006857 00000 n
Revenue arising from agreements of real estate development are not covered by Ind AS 18, as this aspect is dealt with under Ind AS 11. 0000009473 00000 n
Ind AS 115 replaces existing revenue recognition standards Ind AS 11, Construction Contracts and Ind AS 18, Revenue and revised guidance note of the Institute of Chartered Accountants of India (ICAI) on Accounting for Real Estate Transactions for Ind AS entities issued in 2016. 88 0 obj Certain sectors where revenue comes in tranches such as real estate, telecom, construction … �9[�)�����t �(X䖾�VLe�=EH&�A��A_YǑ����̀n��+�r]�H��)9gK���br뜽��Y�5���َ�X锇3Й��InIe�O�4'b.Ǔ��&�E��6l8��Z�٨糗��+������1l�kvzkp��Y���
�%C����� �th-d�$�3��zo��v���V���T���C����33L��U����뱤T������(-bs>����@�j(���*7��Z� 1�W�K�(���,cim��0��w�-�d���6 tk]b�)��0F�B6D��&�-�F3]s���>�4�7Xeź�m������]uŲ�/�N�(�!��3��m��t�o�W���. and revised guidance note of the Institute of Chartered Accountants of India (ICAI) on Accounting for Real Estate Transactions for Ind AS entities issued in 2016. �+�z���N2JD�*}r.�y�ܻ��^`G�Wz�ޘGw�4K9�[Z�G&-+"P��k��}��>R��[t��L#�-� Under Ind AS 18 and Ind AS 11, collectability is a recognition principle because an entity cannot recognise revenue until it is probable that the economic benefits will flow to it. 0000008232 00000 n
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If: Ind AS 16, Property, Plant and Equipment and IAS 18 & 11...