Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: VAT RATES :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit
 
 
ICAI »
 Constitution of Group for formulating the Detailed Action Plan - Ministry of Corporate Affairs
 CPE Events 20th March - 25th March 2017
 Invitation for contributions to Question Bank in respect of Information System Audit-(Assessment Test (ISA-AT) (New Syllabus)
 Reconstitution of Group for Rohini Land at Delhi
 Group to review the Terms of Reference of Infrastructure Development Committee
 Empanelment of Members to act as Observers at the Examination Centres for The Chartered Accountants Examinations May/ June 2017.
 Canada (Toronto) Chapter of ICAI launched helpline for Members interested for getting CPA Canada membership
  Regarding Empanelment of professionals having at least fifteen years of continuous practice as a Chartered Accountant with RD MCA as Mediator or Conciliator for the year 2017-2018
  Register for Webinar Organized By CPA Ontario in Association with Canada (Toronto) Chapter of ICAI on March 15, 2017.
 CPE Events 6th March - 11th March 2017
 Group to review for compensation package for employees of the Institute

Announcement on renumbering of already issued ASLBs
February, 28th 2013
               Committee on Accounting Standards for Local Bodies

                                        Announcement


The Committee on Accounting Standards for Local Bodies (CASLB), since its inception, has
issued the following seven Accounting Standards for Local Bodies (ASLBs):

          1.   ASLB 1, `Presentation of Financial Statements'
          2.   ASLB 3, `Borrowing Costs'
          3.   ASLB 4,'Revenue from Exchange Transactions'
          4.   ASLB 5, `Property, Plant & Equipment'
          5.   ASLB 6,'Events after the Reporting Date'
          6.   ASLB 11, `Construction Contracts'
          7.   ASLB 12, `Inventories'


The Standards mentioned at sl. no. 2, 3, 4 and 5 above have been numbered based on the
sequence of issuing the Standards as per the decision taken by the CASLB earlier.




Subsequently, the Council of the ICAI has taken a decision that the endeavour of the CASLB is
to formulate the ASLBs on the basis of International Public Sector Accounting Standards
(IPSASs) issued by the International Public Sector Accounting Standards Board (IPSASB) of
IFAC. Therefore, in order to maintain consistency with the IPSASs, the number corresponding
to that of IPSAS should be given to a relevant ASLB. Accordingly, the following ASLBs are
renumbered as follows:

          Old number                                            New Number

          ASLB 3, `Borrowing Costs'                             ASLB 5

          ASLB 4, 'Revenue from Exchange Transactions'          ASLB 9

          ASLB 5, `Property, Plant & Equipment'                 ASLB 17


          ASLB 6, 'Events after the Reporting Date'             ASLB 14







ASLB 1, ASLB 11 and ASLB 12 have already been numbered according to the new numbering
policy adopted.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions