AS 1:Disclosure of Accounting Policies

Disclosure of Accounting Policies

AS 1: Disclosure of Accounting Policies The Accounting Policies are vary from enterprise to enterprise. The purpose of Accounting Standard 1:Disclosure of Accounting Policies, is to promote a better understanding of financial statements by requiring disclosure of significant accounting policies… Continue Reading


Indian Accounting Standards

Accounting Standards

What are Accounting Standards? Accounting standards are written policy documents issued by government or expert institutes or other regulatory body covering various aspects of recognition, measurement, treatment, presentation and disclosure of accounting transactions in the financial statements. Indian Accounting Standards¬†… Continue Reading


AS 3 – Cash Flow Statements

Cash Flow Statements are the summary of inflows (receipts) and outflows (payments) of cash and cash equivalents during an accounting period. Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term, highly liquid investments that are… Continue Reading