As there are lots of changes in Financial reporting Structure of our country, we are into implementation stage of Convergence form of IFRS in India via Ind-AS. And ICAI being the regulatory body of accounting standards wants its upcoming CA members to be aware of all the changes that are being made in Accounting Standards.
MCA via its notification dated 30th March 2016 has been deleted and revised some of existing Accounting Standards which are now being applicable from May 17 CA Final Exams. Thus creating lots of confusions among students regarding what is changed, what is deleted and what is newly added.
For a clarity on same, here you can view all those changes that will be applicable for May 17 exams:
ICAI Supllementary for May 16 exams : http://resource.cdn.icai.org/39331bos28801.pdf
For More Updates, Subscribe: http://ca-passion.blogspot.in/2016/12/ca-passion-whatsapp-updates-for-ca-