Old rules give way to new the ones: IFRS 16 on leases

CaseWare IndiaAccounting and Financial Reporting

Finally, the International Accounting Standards Board on 13 January 2016, issued the long waited standard on improved lease accounting requirements, IFRS 16. IFRS 16 on leases supersedes the 30 years old IAS 17 and is applicable with effect from 01 January 2019. Hans Hoogevorst, the chairman for IASB, is excited about the release and said “these new requirements bring lease … Read More

Exposure drafts (Accounting) waiting for comments by January 2016

CaseWare IndiaAccounting and Financial Reporting

The Institute of Chartered Accountants of India has issued Exposure Drafts of New / Revised Standards on Accounting, as detailed below, for Comments from its Members to be sent latest by January 21, 2016 at the following address: Secretary, Accounting Standards Board The Institute of Chartered Accountants of India ICAI Bhawan, Post Box No 7100 Indraprastha Marg, New Delhi – 110 002 The comments … Read More