The Institute of Chartered Accountants of
India (ICAI) is seeking feedback on two proposed standards –
Accounting Standard (AS) 36 Accounting and Reporting by Retirement
Benefit Plans and AS 33 Share-based Payment.

AS 36 corresponds with the international
standard IAS 26. The standard would apply to the financial
statements of retirement benefit plans, which are arrangements
where an entity provides benefits for employees on or after
termination of service and when such benefits can be determined or
estimated in advance of retirement.

AS 33 corresponds with IFRS 2. The standard
specifies the financial reporting by an entity when it undertakes a
share-based payment transaction.

In particular, it requires an entity to
reflect in its profit or loss and financial position the effects of
share-based payment transactions, including expenses associated
with transactions in which share options are granted to

The deadline for comments on both proposals is
11 June 2010.


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.