CA IPCC Amendments Applicable For May 2018 | Tax, Law & Accounts

CA IPCC Amendments Applicable May 2018 Tax, Law & Accounts

CA IPCC Amendments Applicable May 2018 Tax, Law & Accounts: CA IPCC Accounting New Amendments, Taxation amendments and Law Amendments for May 2018 are here below. We are giving Latest CA IPCC Law Amendments May 2018 and IPCC Tax Applicable amendments for May 2018 exam. Download ICAI’s Official Notification regarding CA IPCC Accounts New amendments and applicable Accounting Standards for November 2017 exam. We already given Latest CA IPCC Tax Amendments For May 2018Changes in IPCC Tax Syllabus For May 2018.

CA IPCC Amendments Applicable May 2018 Tax, Law & Accounts

CA IPCC Amendments Applicable For May 2018

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May 2018 – Intermediate (IPC) Examination

Also read- CA IPCC IT & SM Important Questions For May 2018

Paper 1: Accounting

Accounting Standards

AS 1 : Disclosure of Accounting Policies

AS 2 : Valuation of Inventories

AS 3 : Cash Flow Statements

AS 6 : Depreciation Accounting

AS 7 : Construction Contracts (Revised 2002)

AS 9 : Revenue Recognition

AS 10 : Accounting for Fixed Assets

AS 13 : Accounting for Investments

AS 14 : Accounting for Amalgamations

Paper 5: Advanced Accounting

Accounting Standards

AS 4 : Contingencies and Events occurring after the Balance Sheet Date

AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

AS 11 : The Effects of Changes in Foreign Exchange Rates (Revised 2003)

AS 12 : Accounting for Government Grants

AS 16 : Borrowing Costs

AS 19 : Leases

AS 20 : Earnings Per Share

AS 26 : Intangible Assets

AS 29 : Provisions, Contingent Liabilities and Contingent Assets.

I. Applicability of the Companies Act, 2013 and other Legislative Amendments for Paper 1 and Paper 5 : The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authority up to 30th April, 2016 will be applicable for November, 2016 Examination

II. Non-Applicability of Ind ASs for November, 2017 Examination for Paper 1 and Paper 5 :The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Rules, 2016 on 16th February, 2016, for compliance by certain class of companies. These Ind AS have not been made applicable for November, 2017 Examination.

III. Non-applicability of Amendments made by MCA in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015 for Paper 1 and Paper 5 : Amendments made by MCA on 30.3.2016 in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015 have not been made applicable for November, 2017 examination.

Students may note that these Ind ASs are not applicable for Nov 2017 Examination.

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