{"id":96559,"date":"2020-12-28T16:45:51","date_gmt":"2020-12-28T11:15:51","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=96559"},"modified":"2024-04-12T14:25:27","modified_gmt":"2024-04-12T08:55:27","slug":"applicability","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/applicability\/","title":{"rendered":"Accounting Standards Interpretation (ASI 27): Applicability"},"content":{"rendered":"\n<p>The presentation and disclosure requirements contained in AS 25 should be applied only if an enterprise prepares and presents an &#8216;interim financial report&#8217; as defined in AS 25. Accordingly, presentation and disclosure requirements contained in AS 25 are not required to be applied in respect of interim financial results (which do not meet the definition of &#8216;interim financial report&#8217; as per AS 25) presented by an enterprise. For example, quarterly financial results presented under Clause 41 of the Listing Agreement entered into between Stock Exchanges and the listed enterprises do not meet the definition of &#8216;interim financial report&#8217; as per AS 25. However, the recognition and measurement principles laid down in AS 25 should be applied for recognition and measurement of items contained in such interim financial results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The presentation and disclosure requirements contained in AS 25 should be applied only if an enterprise prepares and presents an &#8216;interim financial report&#8217; as defined in AS 25. Accordingly, presentation and disclosure requirements contained in AS 25 are not required to be applied in respect of interim financial results (which do not meet the definition&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-96559","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Accounting Standards Interpretation (ASI 27): Applicability - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/applicability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accounting Standards Interpretation (ASI 27): Applicability - Tutorial\" \/>\n<meta property=\"og:description\" content=\"The presentation and disclosure requirements contained in AS 25 should be applied only if an enterprise prepares and presents an &#8216;interim financial report&#8217; as defined in AS 25. 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