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Ind AS 117 – Insurance Contracts
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Bank Accounts and Repatriation Facilities for Non-Residents
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Whether The Gift Of A Capital Asset By A Corporate Entity Be Subjected To Income Tax?
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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President and CEO of The Institute of Internal Auditors
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Mr. N. R. Narayana Murthy
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Mr. Ishaat Hussain
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Monthly mouth-piece of BCAS, the BCA Journal is a leading publication that has been in continuous circulation for more than 53 years. Over the years the BCAJ has become synonymous with high-quality & authentic content across fields of finance, accounting, tax & regulatory matters. The BCAJ has wide circulation across India & commands huge respect amongst the Chartered Accountants` community.
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August 2022

FINANCIAL REPORTING DOSSIER

By Vinayak Pai V, Chartered Accountant

Reading Time 21 mins

A. KEY RECENT UPDATES

1. FASB – ACCOUNTING FOR GOVERNMENT GRANTS

On 13th June, 2022, the Financial Accounting Standards Board (FASB) issued an Invitation to Comment (ITC) document titled Accounting for Government Grants by Business Entities – Potential Incorporation of IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, into Generally Accepted Accounting Principles.

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August 2022

FINANCIAL REPORTING DOSSIER

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