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58 Corporate Finance BRILLIANT’S

AS-25: Interim Financial Reporting AS-25: B§Q>[a_ \$m`Z|{e`b [anmo{Q>ªJ
Interim financial reporting is the reporting B§Q>[a_ \$m`Z|{e`b [anmo{Q>ªJ EH$ df© go H$_ gm_mÝ`V…
for periods of less than a year, generally for a 3 _mh H$s EH$ Ad{Y Ho$ {bE [anmo{Q>ªJ h¡&
period of 3 months.
Objective: To prescribe the minimum CÔoí`… EH$ B§Q>[a_ Ad{Y Ho$ {bE nyU© VWm g§{jßV
content of an interim financial report and the \$m`Z|{e`b ñQ>oQ>_|Q²>g _| [aH$p½ZeZ VWm _oOa_|Q> Ho$ {bE
principles for recognition and measurement in
a complete or condensed financial statement EH$ B§Q>[a_ \$m`Z|{e`b [anmoQ>© VWm qà{gnëg Ho$ Ý`yZV_
for an interim period. VËdm| H$m dU©Z H$aZm&
Scope: This standard does not mandate joÌ… `h ñQ>¢S>S>© g_W©Z Zht H$aVm {H$ H$m¡Z-gm
which enterprises should be required to present à{Vð>mZ B§Q>[a_ \$m`Z|{e`b [anmoQ²>©g, {H$VZr ~ma `m EH$
interim financial reports, how frequently, or B§Q>[a_ Ad{Y Ho$ g_má hmoZo Ho$ níMmV² àñVwV H$aZm
how soon after the end of an interim period. Amdí`H$ h¡&
AS-26: Intangible Assets AS-26: BÝQ>|{O~b AgoQ²>g

An Intangible Asset is an Identifiable non- BÝQ>|{O~b AgoQ²>g AÝ` bmoJm| H$mo `m àemg{ZH$
monetary Asset without physical substance CÔoí` go {H$am`o Ho$ {bE dñVwAm| `m godmAm| Ho$ CËnmXZ `m
held for use in the production or supply of goods
or services for rentals to others or for Amny{V© _| Cn`moJ hoVw ^m¡{VH$ VËd Ho$ {~Zm nhMmZo OmZo
administrative purpose. `mo½` Zm°Z-_m°ZoQ>ar AgoQ> h¡&
Objective: To prescribe the accounting CÔoí`… BÝQ>|{O~b AgoQ²>g Ho$ {bE AH$mC§qQ>J >Q´>rQ>_|Q>
treatment for intangible assets that are not H$m dU©Z H$aZm Omo AÝ` AS _| {d{eï> ê$n go MMm© Zht
dealt with specifically in another AS. This {H$`o J`o h¢& Bg ñQ>¢S>S>© _| EH$ à{Vð>mZ H$mo EH$ BÝQ>|{O~b
standard requires an enterprise to recognise
an intangible asset, if and only if certain AgoQ> H$s nhMmZ H$aZm hmoVm h¡ {H$ `{X VWm Ho$db `{X
recognition criteria are met. {ZpíMV _mZX§S> H$s nhMmZ nyar hþB© h¡&
Scope: This standard applies to all joÌ… `h ñQ>¢S>S>© {ZåZ{b{IV H$mo N>mo‹S>H$a AH$mC§qQ>J
enterprises in accounting for intangible assets, Am¡a BÝQ>|{O~b AgoQ²>g _| g^r à{Vð>mZm| Ho$ {bE bmJy
except: hmoVm h¡…
(a) Intangible assets that are covered by (a) BÝQ>|{O~b AgoQ²>g Omo AÝ` AS Ûmam g_m{hV {H$`o
another AS, J`o h¢,
(b) Financial assets i.e., cash, an ownership (b) \$m`Z|{e`b AgoQ²>g AWm©V² H¡$e, AÝ` à{Vð>mZ _|
interest in another enterprise. ñdm{_Ëd ã`mO&

(c) Mineral rights, (c) {‘Zab amBQ²>g,
(d) Intangible assets arising in insurance (d) nm°{bgr hmoëS>g© Ho$ gmW H$m°ÝQ´>¡ŠQ²>g go B§í`moa|g
enterprises from contracts with policy- E§Q>aàmBOog _| CËnÝZ hmoZo dmbr BÝQ>|{O~b AgoQ²>g&
holders.