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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?

Suresh Avinash

CA Final

★ 3K+

22-Feb-24 23:08

126

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

Admin

23-Feb-24 09:04

CA Suraj Lakhotia Admin

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

Can you provide an example sir?

Thread Starter

Suresh Avinash

CA Final

★ 3K+

23-Feb-24 20:40

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

CA Suraj Lakhotia

Admin

26-Feb-24 19:41

CA Suraj Lakhotia Admin

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

because at year end you will not defer.

CA Suraj Lakhotia

Admin

26-Feb-24 19:42

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