Trade receivables are financial assets within the scope of measurement requirements, the NFRA said, adding that all financial assets are required to be initially measured at fair value plus or minus ...

In a game-changing development, the Corporate Affairs Ministry (MCA) has notified the much-awaited new accounting standard on ‘Insurance Contracts’ (Ind AS 117), setting the stage for a major overhaul ...

Audit regulator NFRA has found certain instances of companies not complying with Indian Accounting Standards (Ind AS) on accounting policies for recognition as well as measurement of revenue from ...

Mahindra Holidays’ 'consolidated financial statements do not provide disaggregated segment reporting for the one distinct category at the customer-type level, that is, members', NFRA said, calling it ...