IFRS

Principal Market Vs. Most Advantageous Market? – Fair Value

Finance - Fair Values are being used as one of the measurement requirements to recognize certain transactions/ Assets/ Liabilities as required by respective Accounting Standards (i.e. Ind-As)....

Read More

BREACH of Covenants of a Loan – “Classification change” under Ind-AS

Finance - Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in Almost every loan agreement will be carrying some of the terms and conditions that are required to be fulfilled by a borrower to keep that loan continue as per the agreed terms OR an immediate re-payment might be initiated which can […]...

Read More

Insurance Companies – “Un-bundling of deposits” as per Ind-As/ IFRS

Finance - As per MCA notification, Insurance Companies are required to transit their financial statements into Ind-As starting from April 2018 with previous period comparatives. Since everyone is waiting for a comprehensive accounting standards i.e. IFRS-17 (which will eventually replace the existing IFRS-4/ Ind-As 104) which is likely to be issued...

Read More

Appointment of CA Firms with PSPCL for IND-AS implementation

Finance - The offer shall be considered only from Indian, Technically competent, experienced and financially sound Chartered Accountant firms who meet the following pre-qualification requirements/criteria:...

Read More

TERM -EXTENSION Clause – Embedded Derivatives as per Ind-As IFRS

Finance - The term extension clause could be kind of automatic or could be at the option of borrower which indicates that if the rates at which the extension can be done is below market rate then borrower will surely go for extension....

Read More

Draft of clarifications to Ind AS 115 Revenue from Contracts with Customers

Finance - Following is the Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments....

Read More

ICAI Proposes amendments to IFRS 8 and IAS 34

Finance - Exposure Draft issued by IASB on Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34) is for comments only. Comments on the Exposure Draft need to be received by May 26, 2017....

Read More

Prepayment Features with Negative Compensation: Proposed amendments to IFRS 9

Finance - Exposure Draft issued by IASB on Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) is for comments only. Comments on the Exposure Draft need to be received by May 15, 2017....

Read More

Definition of Business & Accounting for Previously held interests

Finance - Exposure Draft issued by the International Accounting Standards Board (IASB) on Definition of a business and accounting for previously held interests (proposed amendments to IFRS 3 Business Combinations and IFRS 11 Joint Arrangements), is for comment only. ...

Read More

Roadmap drawn-up for implementation of Ind AS converged with IFRS

Finance - Roadmap drawn-up for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (Excluding Rrbs), Insurers/Insurance Companies and Non-Banking Financial Companies (NBFC’s) ...

Read More
Sorry No Post Found

MCA Press Release No. 3/2010 on Implementation of IFRS Dated 31st March, 2010

PRESS RELEASE-3/2010 - (31/03/2010) - In the meeting held on 29th March, 2010, the Core Group deliberated and approved the Roadmap recommended by Sub-Group I in respect of insurance companies, banking companies and non-banking finance companies. The Roadmap recommended by Sub-Group I for such classes of companies is as under:-...

Read More

MCA Press Release No. 2/2010 on Implementation of IFRS dated 22.01.2010

PRESS RELEASE-2/2010 - (22/01/2010) - The Press Information Officer, Press Information Bureau, Ministry of Information and Broadcasting, with the request that the above mentioned Press Note may be given wide publicity....

Read More

Recent Posts in "IFRS"

Principal Market Vs. Most Advantageous Market? – Fair Value

Fair Values are being used as one of the measurement requirements to recognize certain transactions/ Assets/ Liabilities as required by respective Accounting Standards (i.e. Ind-As)....

Read More
Posted Under: Finance |

Draft of clarifications to Ind AS 115 Revenue from Contracts with Customers

Following is the Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments....

Read More
Posted Under: Finance |

ICAI Proposes amendments to IFRS 8 and IAS 34

Exposure Draft issued by IASB on Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34) is for comments only. Comments on the Exposure Draft need to be received by May 26, 2017....

Read More
Posted Under: Finance |

Prepayment Features with Negative Compensation: Proposed amendments to IFRS 9

Exposure Draft issued by IASB on Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) is for comments only. Comments on the Exposure Draft need to be received by May 15, 2017....

Read More
Posted Under: Finance |

BREACH of Covenants of a Loan – “Classification change” under Ind-AS

Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in Almost every loan agreement will be carrying some of the terms and conditions that are required to be fulfilled by a borrower to keep that loan continue as per the agreed terms OR an immediate re-payment might be initiated which can […]...

Read More
Posted Under: Finance |

Insurance Companies – “Un-bundling of deposits” as per Ind-As/ IFRS

As per MCA notification, Insurance Companies are required to transit their financial statements into Ind-As starting from April 2018 with previous period comparatives. Since everyone is waiting for a comprehensive accounting standards i.e. IFRS-17 (which will eventually replace the existing IFRS-4/ Ind-As 104) which is likely to be issued...

Read More
Posted Under: Finance |

Appointment of CA Firms with PSPCL for IND-AS implementation

The offer shall be considered only from Indian, Technically competent, experienced and financially sound Chartered Accountant firms who meet the following pre-qualification requirements/criteria:...

Read More
Posted Under: Finance |

TERM -EXTENSION Clause – Embedded Derivatives as per Ind-As IFRS

The term extension clause could be kind of automatic or could be at the option of borrower which indicates that if the rates at which the extension can be done is below market rate then borrower will surely go for extension....

Read More
Posted Under: Finance |

Normal Sale /Purchase transactions – Embedded Derivatives as per Ind-As IFRS

Normal sale and purchase transactions (i.e. non financial instruments) which are being done based on delivery basis still can contain embedded derivatives in case of payments have been contracted in foreign currency....

Read More
Posted Under: Finance |

Lease contracts with “Inflation- Index”, “Contingent rentals” or “Variable Intt.” – Embedded Derivatives as per Ind-As/ IFRS

Leased Assets are being given to earn rentals and all future rentals normally should be agreed in a way where it can actually beat inflation amount to keep that earning relevant for owner of assets....

Read More
Posted Under: Finance |
Page 1 of 2312345...1020...Last »

Browse All Categories

CA, CS, CMA (3,374)
Company Law (3,262)
Custom Duty (6,439)
DGFT (3,355)
Excise Duty (4,001)
Fema / RBI (3,176)
Finance (3,328)
Income Tax (24,524)
SEBI (2,667)
Service Tax (3,269)

Search Posts by Date

May 2017
M T W T F S S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031