NEW PUBLICATION

COMPENDIUM OF OPINIONS - VOLUME XXXVII
(February 12, 2017 – February 11, 2018)

The Expert Advisory Committee of the Institute of Chartered
Accountants of India has published Compendium of Opinions, Volume
XXXVII. This Volume of Compendium of Opinions contains opinions
finalised by the Expert Advisory Committee during the period February
12, 2017 – February 11, 2018.

The subjects of the opinions contained in this volume include:

 Treatment of contribution to Settlement Guarantee
Fund under Ind AS;

 Treatment of financial liability under Ind AS 32
and Ind AS 109;

 Amortisation of goodwill in respect of subsidiaries
and jointly controlled entities;

 Treatment of investments in units of equity and
debt mutual funds under Ind AS 109;

 Treatment of disputed Principal and Interest in respect of cases pending before
regulatory authorities;

 Classification of grant related to assets in the statement of cash flows;
 Recognition and valuation of Carbon Emission Reductions (CERs);
 Accounting treatment of temporary income in relation to construction contract;
 Accounting for software income;
 Amortisation of expenses incurred on business requirements at the time of

formation;
 Making provision for non-approved cost;
 Accounting treatment of CWIP held on behalf of GoI and funds received from the

GoI;
 Accounting treatment of amount invested in LIC’s leave encashment plan;
 Consideration of Capital Reserve, Risk Fund & Reserve for calculation of Net

Worth;
 Recognition of DTL on Special Reserve created for deduction u/s 36(1)(viii) of

the IT Act.

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. The Committee answers the queries
in accordance with the Advisory Service Rules which are available on the web-site of the ICAI,
at its hyperlink, http://www.icai.org/new_post.html?post_id=495&c_id=142 . For further
information, write to Expert Advisory Committee at eac@icai.in

Price Rs. 250/-

Ordering Information:

This publication can be purchased online at link: https://icai-cds.org/ICAIShop/. The publication
is also available at the sales counters of the Institute at New Delhi, Chennai, Mumbai, Kolkatta
and Kanpur.