iasb

Right Issue and IAS 32 Implication

CA, CS, CMA - A rights issue is basically when a company offers existing shareholders a right to purchase additional shares of the company at a given price, which is at a discount to the prevailing market price of the stock, to make the offer enticing for the shareholder and to ensure that the rights offer is fully subscribed to. ...

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Exposure Draft of Lease Liability in a Sale and Leaseback – Proposed amendment to IFRS 16

CA, CS, CMA - Through this ED, the IASB has proposed to amend IFRS 16, Leases. The proposed amendment would specify the method a seller-lessee uses in initially measuring the right-of-use asset and liability arising in a sale and leaseback transaction and how the seller-lessee subsequently measures that liability....

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Discussion Paper Business Combinations—Disclosures, Goodwill & Impairment

CA, CS, CMA - Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment issued by the IASB for comments The implementation of high quality Indian Accounting Standards (Ind ASs) by Indian Companies is a monumental step in the accounting history of India. The Institute of Chartered Accountants of India (ICAI) believes that Ind AS Fr...

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Comprehensive review of IFRS for SMEs Standard issued by IASB

CA, CS, CMA - International Accounting Standards Board (IASB) commences second comprehensive review of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)....

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Exposure Drafts of Amendments to Ind ASs

CA, CS, CMA - As you are kindly aware, the Ministry of Corporate Affairs (MCA) has placed the Indian Accounting Standards (Ind ASs) which are converged with International Financial Reporting Standards (IFRSs) on its website. Thereafter, certain new standards/amendments to the IAS/IFRS have been issued by the IASB. With a view to keep pace with the new ...

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IASB and FASB seek to reduce differences in classification and measurement models for financial instruments

CA, CS, CMA - The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today agreed to work together to seek to reduce differences in their respective classification and measurement models for financial instruments. The discussions will form part of the FASB’s ongoing redeliberation of a proposed Account...

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Recent Posts in "iasb"

Exposure Draft of Lease Liability in a Sale and Leaseback – Proposed amendment to IFRS 16

Through this ED, the IASB has proposed to amend IFRS 16, Leases. The proposed amendment would specify the method a seller-lessee uses in initially measuring the right-of-use asset and liability arising in a sale and leaseback transaction and how the seller-lessee subsequently measures that liability....

Read More
Posted Under: CA, CS, CMA |

Discussion Paper Business Combinations—Disclosures, Goodwill & Impairment

Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment issued by the IASB for comments The implementation of high quality Indian Accounting Standards (Ind ASs) by Indian Companies is a monumental step in the accounting history of India. The Institute of Chartered Accountants of India (ICAI) believes that Ind AS Fr...

Read More
Posted Under: CA, CS, CMA |

Comprehensive review of IFRS for SMEs Standard issued by IASB

International Accounting Standards Board (IASB) commences second comprehensive review of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)....

Read More
Posted Under: CA, CS, CMA |

Right Issue and IAS 32 Implication

A rights issue is basically when a company offers existing shareholders a right to purchase additional shares of the company at a given price, which is at a discount to the prevailing market price of the stock, to make the offer enticing for the shareholder and to ensure that the rights offer is fully subscribed to. ...

Read More
Posted Under: CA, CS, CMA |

Exposure Drafts of Amendments to Ind ASs

As you are kindly aware, the Ministry of Corporate Affairs (MCA) has placed the Indian Accounting Standards (Ind ASs) which are converged with International Financial Reporting Standards (IFRSs) on its website. Thereafter, certain new standards/amendments to the IAS/IFRS have been issued by the IASB. With a view to keep pace with the new ...

Read More
Posted Under: CA, CS, CMA |

IASB and FASB seek to reduce differences in classification and measurement models for financial instruments

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today agreed to work together to seek to reduce differences in their respective classification and measurement models for financial instruments. The discussions will form part of the FASB’s ongoing redeliberation of a proposed Account...

Read More
Posted Under: CA, CS, CMA |

IASB proposes to clarify the transition guidance in IFRS 10

The International Accounting Standards Board (IASB) today published for public comment proposed amendments to IFRS 10 Consolidated Financial Statements. The objective of the proposed amendments is to clarify the transition guidance in IFRS 10 by confirming when an entity needs to apply IFRS 10 retrospectively. The proposals should allay t...

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Posted Under: CA, CS, CMA |

IASB clarifies its requirements for offsetting financial instruments

The International Accounting Standards Board (IASB) today clarified its requirements for offsetting financial instruments by issuing Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32). The amendments address inconsistencies in current practice when applying the offsetting criteria in IAS 32 Financial Instruments:...

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Posted Under: CA, CS, CMA |

IASB and IFAC to enhance co-operation in developing private and public sector accounting standards

The IASB is responsible for the development and promulgation of International Financial Reporting Standards (IFRSs), required or permitted for use by companies in more than 100 countries. IFAC supports the independent International Public Sector Accounting Standards Board (IPSASB), which is responsible for developing International Public ...

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Posted Under: CA, CS, CMA |

IASB proposes an amendment to the accounting for government loans in IFRS 1

The International Accounting Standards Board (IASB) today published for public comment a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards. The proposed amendment sets out how a first-time adopter would account for a government loan with a below-market rate of interest when they transition to ...

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Posted Under: CA, CS, CMA |

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