Accounting standards: local authority guidance notes
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Accounting standards: local authority guidance notes discussion paper. by Chartered Institute of Public Finance and Accountancy.

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Published by CIPFA in London .
Written in English

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ID Numbers
Open LibraryOL14516811M

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GASB is the standard-setting authority of generally accepted accounting principles (GAAP) for state and local governments, including school districts. In cases for which no GASB pronouncement is applicable, other authoritative sources of guidance exist. The Notes column below identifies when the Standard listed is a compiled version. "Extra" identifies when additional IASB supporting material (e.g. Basis for Conclusions) is available. The date shown in the Issue Date column is either the date the Standard was made by the AASB or the date of the most recent amendment by the AASB included in the. In June , the GASB established new guidance that establishes a single approach to accounting for and reporting leases by state and local governments. The approach is based on the principle that leases are financings of the right to use an underlying asset. Other Postemployment Benefits. Information about Statements 74 & 75 on other. As you are aware the Ind AS recommended by the ICAI, are prescribed by the Central Government, under Section of the Companies Act, in consultation with and after examination of the recommendations of the National Financial Reporting Authority (NFRA). Indian Accounting Standards is based on IFRS Standards.

Capital Assets Research Description: The objective of this pre-agenda research is to review the existing standards applicable to capital asset accounting and financial reporting to evaluate whether the information reported about capital assets could: (1) be more comparable across governments and more consistent over time; (2) be more useful for making decisions and . Reference rate reform refers to the global transition away from referencing the LIBOR—and other interbank offered rates—and toward new reference rates that are more observable or transaction-based. Feature Pane - Reference Rate Reform - More Link. The FASB Outlook is a quarterly e-newsletter designed to keep stakeholders informed about key. History and development. Our timeline highlights some of the most significant dates in the history of international accounting standards. It covers the period from the s to when listed companies in the UK were required to present their financial . Check Reclamation Guide: The Gold Book CIR - Collections Information Repository Circular Depositaries and Financial Agents of the Federal Government (31 CFR ).

Ind AS. Objective/ Deals with. Relevant Accounting standard or Guidance note. Ind AS – First-time adoption of Ind AS. Its main objective is to prepare first financial statements as per Ind AS containing high quality information that is transparent, comparable and prepared at economical cost, suitable starting point for accounting in accordance with Ind AS. IAS 20 outlines how to account for government grants and other assistance. Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate, which in the case of grants related to assets requires setting up the grant as deferred income or .   GAAS are the auditing standards that help measure the quality of audits. Auditors review and report on the financial records of companies according to the generally accepted auditing standards. ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, (Act No. XXXVIII of ).