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Ind AS 34

Financial Reporting

Hello Sir, I am not exactly able to understand the following explanation. Can you please explain the same?

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Suresh Avinash

Suresh Avinash

CA Final

3K+

22-Feb-24 23:08

83

Answers (4)

Treat interim period as a financial year. You can defer only those costs which you would have deferred at financial year end


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

23-Feb-24 09:04

E.g the company incurred huge advertisement expenses in a particular quarter. This should not be deferred to subsequent quarters.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

26-Feb-24 19:41

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