New Publication - Compendium of Opinions - Volume XXXVII
January, 13th 2021
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 email@example.com
Price Rs. 250/-
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.