CA Anuj Agrawal's Posts - Page 4

Fair Value of “Operating Leases” when acquisition of a Business – Ind-As/ IFRS

Acquisitions of new businesses are quite common strategies for any business to leverage its exisiting competencies or to achieve an economy of scale. Apart from various valuation analysis that are being done while finalizing any new business acquisition decisions...

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Posted Under: Finance |

Discounting the Provisions (Time value of Money)-Ind-As/ IFRS

CA Anuj Agrawal Provisions are being made where there is an uncertainty of an Amount and Timing to discharge these liabilities which are being calculated based on estimations & other procedures adopted by the management prescribed as per applicable accounting standards. Under the current accounting practice there is no requirement for...

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Posted Under: Finance |

Constructive Obligation – Ind-As/ IFRS

Constructive as per its dictionary meaning it is something which is not obvious or stated explicitly and it perhaps could be derived by inference (presumptions) and the word Obligation means a duty or commitment....

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Posted Under: Finance |

ICICI Bank recent issued Dollar Bonds (Equity or Liability?)-Ind-As/ IFRS

Those who keep an eye on latest trends over fund raising by Indian entities, they would have noticed that recently ICICI bank has initiated a Dollar Bond issue through its Dubai branch. ...

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Contingent consideration in Business combinations – Ind-As/ IFRS

When an acquisition of a business is being made and the consideration for such business to include some portion of amount which is NOT certainly determinable and depending upon some future event/s to be met and accordingly an expectation is required to be built to calculate that uncertain portion called Contingent consideration....

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Domino’s- Accounting of Franchise agreement in business acquisition-Ind-As/ IFRS

Lets understand a situation where its franchisor i.e. Domino’s USA takes over or bought the business of Domino’s India under Business combination. Now, questions which will be arisen related to this existing franchise agreement are-...

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Posted Under: Finance |

“ONGC” –Abandonment cost/ Decommissioning liability – Ind-As/ IFRS

Cost of temporary occupation of land, successful exploratory wells. all development wells, depreciation on related equipment. facilities and estimated Future abandonment costs are capitalised and reflected as Oil & Gas Assets....

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Domino’s Pizza- “Franchise Agreement”- An accounting perspective- Ind-As/ IFRS

We all must have read about Jubilant Food i.e. Domino’s pizza which is essentially under a franchise agreement with Domino’s pizza USA (as per its annual report). Current accounting practices in India does not have any specific guidance on such franchise agreements in relation to its accounting specifically...

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DE-MERGER or non-cash dividend to Shareholders – Ind-As/ IFRS

There are many instances where an entity distributes its assets e.g. Property, plant & equipments or unit of its business i.e. in a form of Demerging an entity or distributing an ownership interest in an entity (may be subsidiary) by way of dividend to its existing shareholders....

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SILO – “An accounting concept” – Ind-As/ IFRS

Silo is relatively new term for many of us. Dictionary meaning of the same is “something which is in isolation”. As the meaning suggest, there are many instances where an entity is operating in a way where its certain/ specified assets & liabilities are being controlled by some other entity in-spite of running overall separate legal ...

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Posted Under: Finance |

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