Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Friday, July 14, 2017

ICDS 4 vs. AS 9

The corresponding AS to ICDS 4 'Revenue Recognition' is AS 9 'Revenue Recognition'.

Point of Difference

Basis
AS - 9
ICDS - 4
Applicability

Does not apply to companies engaged in insurance business.
Silent on the same.
Recognition of revenue from service transactions
Percentage completion method OR
Completed service contract method
Percentage completion method

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