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1586 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Ind AS 115

Accounting

The Indian accounting standard on revenue from contracts with customers, applicable to periods beginning on or after 1 April 2018.

In plain terms

It replaced the separate older standards for construction contracts and revenue. Its central question is whether the customer obtains control over time or at a point in time, which decides when revenue exists at all.

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Indian stock market glossary · Market Vidyalaya