IND AS 34

Financial Reporting

Sir if it is Insurance expense will allocate equally based on no of days, But in case of advertisement expense we have to recognise immediately, why we cant allocate, How to distinguish, like advertisement expenses also can be deferred in annual FS if prepaid right Video Details ------------- Ind AS - CA Final Ind AS 34 Interim Financial Reporting #9. Illustrations 5 - 10

R Yashwanth Kumar

CA Final

★ 87K+

23-Apr-25 19:52

211

Answers (1)

Insurance provides you benefits in future - risk coverage. Hence prepaid expenses. Advertisement doesn’t. The question to ask is at financial year end, what all can we show as an asset?

CA Suraj Lakhotia

Admin

23-Apr-25 23:15

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IND AS 34

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