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What are these accounting pronouncements? Should we read those or just leave it...
Answers (8)
Thread Starter
Vijay KOkay bro, but what is the purpose of that pronouncement
If some aspect in the accounting standard is unclear to you, then you can refer the pronouncements for clarity.
From exam point of view, it is sufficient to study our Main Study Material and practice a lot of questions from RTPs, MTPs and PYQs. But, try to solve the illustrations, questions and examples given in the pronouncements. Pronouncements contain the bare standards. In case you have enough time, go through the pronouncements to have a deeper understanding.