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: due date for vat payment :: ACCOUNTING STANDARDS :: form 3cd :: TDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT Audit :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« ICAI »
 Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017.
 Admit Cards : CPT June 2017 Examination
 Announcement for next examination of Certificate course on Forex & Treasury Management on 8th and 9th July, 2017.
 Important Clarification on Amendment to Paragraph 17 of Revised Guidance Note on Audit of Consolidated Financial Statements
 Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2017
 Formation of a Group for Reviewing the Decision Regarding Noting of Change in Constitution on Account of Leaving of Partner of Firm and Allied Issues.
  Three Days Intensive Class Room Training for IBBI - Limited Insolvency Examinations in two batches at Chennai. Batch-1: 2nd to 4th June, 2017; Batch 2-23rd to 25th June, 2017
 Announcement on Advertising by members in practice engaged in Coaching/Teaching Activities
 Constitution of Group related to all issues of Bank Audit including reduction in SCAs Cooling Period, distribution of Bank Branch Audit
 Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 9
 Announcement - For the attention of candidates appearing in CA exams at exam centres in Tamil Nadu.

ICAI - Release of new publication
June, 05th 2009

Release of new publication -Technical Guide on Estimation of Future Cash Flows and Discount Rates for the purpose of AS 28, Impairment of Assets

The Institute of Chartered Accountants of India (ICAI), the premier accounting body in the country has released a publication namely, Technical Guide on Estimation of Future Cash Flows and Discount Rates for the purpose of AS 28, Impairment of Assets recently. The ICAI had earlier issued Accounting Standard (AS) 28, Impairment of Assets, which requires all entities to recognize the impairment loss, if any, in their books of account. To check whether there is an impairment loss, the book values of the assets of the entity are compared with their recoverable amount. An impairment loss arises if the carrying amount, i.e., the book value of the asset exceeds the amount to be recovered through use or sale of the asset.

For computing the recoverable amount of an asset through its use, expected future cash flows from the asset and the appropriate discount rate are required to be estimated. Estimating the expected future cash flows and discount rates properly requires exercise of judgment. Although AS 28 provides some guidance on these aspects, a need was still being felt for some more specific guidance on these issues. The Research Committee of ICAI realising this need for guidance on practical issues undertook this project. This Guide provides guidance on various practical issues involved in assessing the recoverable amount.
 
About ICAI

The Institute of Chartered Accountants of India (ICAI) set-up by an Act of Parliament viz. The Chartered Accountant Act, 1949 to regulate the profession of Chartered Accountancy is the second largest and prominent accounting body in the world. It has been taking various proactive measures from time to time, aligned with the changing facets of the Indian economy, for continuously raising the standard of quality of accounting and financial reporting.

ICAI has its Headquarters at New Delhi with 5 Regional Offices at Mumbai, Chennai, Kanpur, Kolkata, New Delhi and 118 branches spread all over the country. In addition, it has also set up 21 chapters outside India and an office in Dubai. Currently over 5,00,000 students are pursuing the Chartered Accountancy course and the total membership of ICAI is more than 1,55,000

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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