The Expert Advisory Committee of the Institute of Chartered Accountants of India has published Compendium of Opinions, Volume XXXI including a CD of Compendium of Opinions. This Volume of Compendium of Opinions contains opinions finalised by the Expert Advisory Committee during the period February 12, 2011 - February 11, 2012 and the CD contains opinions finalised by the Expert Advisory Committee upto February 11, 2012 as contained in Volume I to Volume XXXI.

The subjects of the opinions contained in this volume include:

• ESOP accounting on account of revision of the exercise price
• Depreciation on freehold land having mineral reserves and the internal roads constructed in the premises of the company
• Accounting for leave liability
• Applicability of AS 17 to a company engaged in refining
• Computation of depreciation on extra shift workings
• Revenue recognition in case of project managers, construction contracts
• Disclosure requirements for defined benefit plans in case of group administration plans
• Accounting for provident fund contribution in case of provident fund trust run by the holding company.
• Accounting for sales tax exemption benefit under Ind AS

The salient features of the CD are as follows:

• User-friendly features with search facility for locating opinions on the desired subject(s).
• Contains more than 1200 opinions on diverse subjects related to accounting and/or auditing principles and allied matters, issued by the Committee since its inception.
• Contains Advisory Service Rules, in accordance with which the Committee answers the queries received from the members of the Institute.

The opinions are based on the facts and circumstances of each case as presented to the Committee, and the accounting/auditing principles and practices and the relevant laws applicable on the dates the Committee finalised the respective opinions.

Price   Rs. 250/- 

Ordering Information: 

The publication can be purchased directly from the sales counters at ICAI’s Regional Offices or at Head Office. To order by post, requisition may be sent to the Postal Sales Department of ICAI at postalsales@icai.in.