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Change of PATTERN OF ASSESSMENT FROM MAY 2019 EXAMINATION

ICAI has already notified that from May 2019 examinations, pattern of assessment is going to be changed, as of till now, whole pattern was...

Saturday, 6 October 2018

MCQ-F101-10 - Answer Key

MCQ-F101-10 - Answer Key

If a parent company voluntarily or mandatorily adopts IndAS then its holding, subsidiary, joint venture or associate company whether through direct or indirect association shall comply with IndAS form the Financial Year in which the parent company starts complying with IndAS.

Hence, both companies A & B shall comply with IndAS from the FY 2015-16

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