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TMI BlogComparison Chart of ICDS-VIII, AS-13 & IndAS-109X X X X Extracts X X X X X X X X Extracts X X X X ..... ct, 2013. b) The basis for recognition of interest and dividends on securities which are covered by ICDS on Revenue. Securities held as stock-in-trade are outside the scope of AS 13. However, provisions of AS 13 relating to current investments are applicable to securities held as stock- in-trade with suitable modifications. AS 13 does not deals with : a) Investments of retirement benefit plans and life insurance enterprises; and b) Mutual funds and venture capital funds and/ or the related asset management companies, banks and public financial institutions formed under a Central or State Government Act or so declared under the Companies Act, 2013. c) basis for recognition of interest and dividends on securities which are covered by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value of the asset given up. It may be appropriate to consider the fair value of the investment acquired if it is more clearly evident. When unpaid interest has accrued before the acquisition of an interest- bearing investment and is therefore included in the price paid for the investment, the subsequent receipt of interest is allocated between pre-acquisition and post-acquisition periods; the pre-acquisition portion is deducted from cost. All financial instruments are initially measured at fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. Trad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are carried at cost less provision for diminution in value, which is other than temporary. Current investments are carried at lower of cost and fair value. Valuation of current investments on overall (or global) basis is not considered appropriate. Sometimes, the concern of an enterprise may be with the value of a category of related current investments and not with each individual investment, and accordingly the investments may be carried at the lower of cost and fair value computed category- wise (i.e. equity shares, preference shares, convertible debentures, etc.). However, the more prudent and appropriate method is to carry investments individually at the lower of cost and fair value. All financial assets are classified as measured ..... X X X X Extracts X X X X X X X X Extracts X X X X
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