Finance : In continuation to our earlier article on ‘Risk Management Strategy vs. Risk Management objectives’, let’s understan...
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...
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...
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 ...
CA, CS, CMA : Often debts include clauses in which either borrower or an issuer can prepay the debt amount earlier than its contractually agreed...
Public related many activities/ services around the world are being given to private entities to build and operate and after certain point of time (depending upon the contractual arrangements between the parties) it is being handed over back to the entity (generally known as Grantor) who initially requested.
CA Anuj Agrawal There could be a situation where one entity is having significant influence over the other by holding some portion of equity capital (assuming other conditions are met) and at the same time the other entity also having significant influence over the first entity by holding some shares. Ind-As 28 “Investment in Associates […]
It is quite general practice to provide concessional loans and/ or to provide goods of an entity to its own employees. These are generally treated at their normal transaction values and no fair values comparison is being taken into account.
There are many situations in businesses where a Parent Company issues some kind of written piece of paper (we usually call it guarantee) to a lender on behalf of its Group Companies to provide assurance for repayment of loan in case of default.
As we all know and perhaps keep a track about all latest developments related to proposed merger of Idea and Vodafone, it would be interesting to co-relate this with an interesting topic called Reverse Acquisition from the perspective of latest accounting standards i.e Ind-As/ IFRS
After the introduction of IFRS (called IND-AS in Indian perspective) in India, now all instruments that are issued by an entity will not accounted just based on their legal form. E.g. Preference shares are being accounted as Equity
As India moves towards International Financial Reporting Standards (Ind-AS/ IFRS) requirements gradually, there are some fundamental changes which are imperative in nature while defining group structure of any entity and/ or requirement to present it on the face of financial statements differently comparing to the present practices in India.
Unlike in current accounting practices in India, there is a need to identify Functional Currency for every entity whose financial statements are being prepared under IND-AS/ IFRS whenever it is applicable to them (based on the roadmap suggested by MCA for convergence of IND-AS in India).
Entities usually invest strategically into various properties to earn some kind of rentals or value appreciations in future (in substance) and made them available for sale as per the requirements or plans made by the Management.
An Investment is being recognized as an Associate if the investor has significant influence over such entity. Under the current practice an entity shows this type of investment at cost in its separate financial statements and it is being accounted based on Equity Method in Consolidated Financial Statements.
