The general criteria is that an enterprise should recognize as an expense (unless another accounting standard permits a different treatment) the undiscounted amount of all short-term employee benefits …

AS15R has introduced certain new terminologies and concepts which were not there in AS15. These are explained in the following sections. The numbers within brackets refer to appropriate paragraphs of …

Jun 24, 2021 · Accounting Standards (AS) 15. Employee Benefits. (This Accounting Standard includes paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic …

Subsequently, the Institute, in January 2006, made a Limited Revision to AS 15 (revised 2005) primarily with a view to bring the disclosure requirements of the standard relating to the defined benefit plans …

Jan 1, 2018 · IFRS 15 establishes the principles that an entity applies when reporting information about the nature, amount, timing and uncertainty of revenue and cash flows from a contract with a customer.

The FASB issues an Accounting Standards Update (ASU) to communicate changes to the FASB Codification, including changes to non-authoritative SEC content. ASUs are not authoritative …

IFRS 15 Revenue from Contracts with Customers is being applied to an ever-expanding population of contracts, some dealing with products and services that did not even exist when the standard …

Apr 21, 2025 · For the purpose of AS 15, an employee is defined as an employee who may provide services to an entity on a full-time, part-time, permanent, casual or temporary basis.

The document outlines Accounting Standard 15 (AS 15) which governs the accounting treatment and disclosure of employee benefits, including short-term, post-employment, long-term, and termination …

Accounting Standard (AS) 15, Employee Benefits (revised 2005), issued by the Council of the Institute of Chartered Accountants of India, comes into effect in respect of accounting periods com-mencing on …