Applicability of the Institute’s Pronouncements and other Notifications for CA IPCC Examination May, 2013

                                   Paper 1: Accounting


Pronouncements

Accounting Standards 1, 2, 3, 6, 7, 9, 10, 13 and 14 are covered in the syllabus.

Note : Non-Applicability of Ind ASs for May, 2013 examination

The MCA has hosted on its website 35 converged Indian Accounting Standards (Ind AS) without announcing the applicability date. These are the standards which are being converged by eliminating the differences of the Indian Accounting Standards vis-à-vis IFRS. These standards shall be applied for all companies falling under Phase I to Phase III as prescribed under the roadmap issued by the core group.
Students may note that Ind ASs are not applicable for the students appearing in May, 2013 Examination. However, Accounting Standards as specified in the syllabus are applicable for the students appearing in May, 2013 Examination.


continue your reading here

PART 1