What is the webcast about?
In this webcast, our subject matter professionals discuss the key changes in accounting and other aspects arising from the revised Guidance Note on Accounting for Real Estate Transactions and its impact on Indian real estate companies. The webcast also covers major challenges and accounting issues that companies may face, including our perspective on these issues.
Tune in to listen to the archived version of this webcast on Accounting for Real Estate Transactions. The webcast was hosted by Dolphy D'Souza, Head – Technical Directorate, Assurance services and National Leader, IFRS Services, EY Pvt. Ltd. Click here to get started!
The Institute of Chartered Accountants of India (ICAI), in February 2012, issued a revised Guidance Note on Accounting for Real Estate Transactions, to harmonize the accounting practices followed by real estate companies in India.
The revised guidance note is applicable to the real estate projects that commence on or after 1 April 2012 and to instances where revenue recognition starts after this date. However, earlier application of the revised guidance note is also permitted.
The revised guidance note is expected to have a significant impact on revenue recognition of real estate companies. In addition, it involves many practical issues/challenges and some of these don’t have absolute clarity.
Here is the agenda of the webcast:
- An overview of the guidance note
- Practical Challenges/accounting issues and our perspective
- Key business impact
Take this opportunity to understand the accounting perspective for Indian real estate companies, its business implications, as well as the challenges it presents.
Technical details of the webcast
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