Page 36 - IC46 addendum

General Insurance Accounts (IC-46)

63. IND AS 29 as notified by MCA deals with:
a. Investments in associates and joint ventures.
b. Leases.
c. First-time adoption of Indian accounting

standards.
d. Financial reporting in hyper inflationary

economics.
e. Non-current assets held for sale and

discontinued operations.

64. IND AS 32 as notified by MCA deals with:
a. Accounting for government grants and

disclosure of government assistance.
b. Leases.
c. First-time adoption of Indian accounting

standards.
d. Share-based payment.
e. Financial instruments - Presentation.

65. IND AS 33 as notified by MCA deals with:
a. Financial instruments.
b. Borrowing costs.
c. Related party disclosure.
d. Consolidated financial statements.
e. Separate financial statements.

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