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Latest blogosphere posts tagged “accounting standard”
TAS are now meant to be the basis of computation of taxable income by a mere notification. As a result there would be amendments in the law without requiring amendments in the Act. One of the purpose of TAS is to harmonize the accounting standards issued by ICAI with the direct tax laws in India.9 weeks ago
The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) issued on December 23, 2013 the final Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies. The FASB also issued FASB Accounting Standards Update No. 2013-12, ...9 weeks ago
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The Commissioner for Finance, Mr. Bassey Albert has said that the State Government lost 40% o f its proposed revenue in 2013, adding that 2013 fiscal year was the most challenging since the engagement of Governor Akpabios administration. Mr. Albert while making remarks during the 2014 budget briefing ...9 weeks ago