Tuesday 10 January 2012

AS 11 - option of treatment for changes in Foreign exchange rates extended till 2020


The Ministry of Corporate Affairs (MCA) has notified two amendments to AS 11 The Effects of Changes in Foreign Exchange Rates. In accordance with the same, the sunset date for transitional provisions to AS 11, which allow deferment/ capitalization of exchange differences arising on long-term monetary items has been extended till 31 March 2020.

1 comment:

Foreign Exchange said...

Very informative blog!
thanks for sharing.

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