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CA Anuj Agrawal

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HEDGE Accounting – WHAT is allowed to be hedged?

Finance : In continuation to our earlier article on ‘Risk Management Strategy vs. Risk Management objectives’, let’s understan...

September 17, 2018 6108 Views 0 comment Print

ICAI Upcoming Elections – a dilemma for a POOR VOTER

CA, CS, CMA : Election, election and election…Now a day’s every candidate is trying to lure his/her candidature in such a fashion that he/ s...

September 11, 2018 1881 Views 2 comments Print

Pressure MEETING TARGETS potentially converting into FRAUDs – Forensic Study

CA, CS, CMA : Every business list down its strategy to move forward and for that it gears up its executives by providing them some agreed target...

September 10, 2018 1806 Views 2 comments Print

Non- Controlling Interest- “Initial Measurement” – Policy Choice Available?

CA, CS, CMA : When an Entity is being acquired by another Entity, it has two way to look at it, first being 100% acquired where all controlling ...

August 27, 2018 8832 Views 0 comment Print

PREPAYMENT of a debt or EXTENDING term of debt – If passes SPPI test?

CA, CS, CMA : Often debts include clauses in which either borrower or an issuer can prepay the debt amount earlier than its contractually agreed...

August 23, 2018 1446 Views 1 comment Print

Principal Market Vs. Most Advantageous Market? – Fair Value

May 5, 2017 13227 Views 1 comment Print

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).

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

April 24, 2017 10902 Views 2 comments Print

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 end the relationship related to the debt. Often these terms are e.g. agreed debt […]

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

April 15, 2017 2709 Views 0 comment Print

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 by first half of the current year and will be effective from 1 January 2021 (effective date has already been finalized globally).

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

April 11, 2017 1659 Views 0 comment Print

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.

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

April 10, 2017 7848 Views 2 comments Print

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.

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

April 9, 2017 3255 Views 0 comment Print

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.

“Credit Derivatives ” – Embedded Derivatives as per Ind-As/ IFRS

April 7, 2017 2169 Views 0 comment Print

In finance, a credit derivative refers to any one of various instruments and techniques designed to separate and then transfer credit risk or the risk of an event of default of a corporate or sovereign borrower, transferring it to an entity other than lender or debtholder.

“Foreign Currency Bonds ” – Embedded Derivatives as per Ind-As/ IFRS

April 7, 2017 1812 Views 0 comment Print

In continuation of previous articles Double-double test, Caps & Floor & Call/Put/ Prepayments – Embedded Derivatives as per Ind-As/ IFRS, Foreign currency denominated bonds/debts are very common in practice and these are being issued for payments into some foreign currency either for Principal or Interest related payments.

Principal Vs. Agent – Revenue (Gross or Net?) as per Ind-As/ IFRS

April 5, 2017 16722 Views 0 comment Print

Many times Goods and Services are being sold/ rendered by using different kind of arrangements/ entities based on terms and conditions which could change Revenue Recognition criteria in its entirety and a careful assessment is always required because if any incorrect assessment is done it could have a significant impact on amount of revenue.

Requirement of Consolidated Financial Statements – “Companies Act Vs. Ind-As”

April 4, 2017 14073 Views 0 comment Print

In today’s globalization and diversified businesses, it is very common to have several associates, Joint Ventures & Subsidiaries companies and various other forms of business formats, wherever applicable. When it comes to present Financial Statements

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