The July 2014 edition of the Accounting and Auditing Update focuses on the aviation sector and provides insights into accounting issues faced by the sector. We also cover some significant recent developments in international accounting under IFRS where we highlight salient features of the new revenue recognition standard and the discussion paper on dynamic risk management activities (macro-hedge accounting).
This month, we also examine the complexity and diversity in practice in the areas of borrowing costs and accounting of open contracts. Finally, in addition to our round up on key regulatory developments during the recent past, this issue also highlights an article on SEBI’s review of guidelines governing stock related employee benefit schemes.
© 2017 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.