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IND-AS 115, IFRS 15, ‘Revenue From Contracts With Customers’

CA, CS, CMA : Explore the intricacies of revenue recognition under Ind AS 115 and IFRS 15, Revenue from Contracts with Customers. Understand the...

June 12, 2023 24405 Views 0 comment Print

Overview of Accounting Standards, Ind AS and IFRS

CA, CS, CMA : Unlock the complexities of Accounting Standards, Ind AS, and IFRS with our comprehensive overview. Navigate the global standards s...

May 16, 2023 44964 Views 1 comment Print

Contingent Liabilities & Assets while Preparing Financial Statements as Per AS, IND AS & IFRS

CA, CS, CMA : Understand Contingent Liabilities & Assets & how to treat them when preparing Financial Statements as per AS, IND AS & IFRS...

December 29, 2022 21972 Views 0 comment Print

Go Global with knowledge of IPSAS- Internationally accepted Accounting Language for Governmental Accounting

CA, CS, CMA : International Public Sector Accounting Standards (IPSASs) are a set of accounting standards issued by the IPSAS Board (IPSASB) fo...

November 10, 2021 1404 Views 1 comment Print

Differences between Ind AS-103 & AS-14 & Carve out/in Ind AS-103 from IFRS-3

Finance : Article contains Easy Analysis of Differences Between Ind AS-103 and AS-14 and Carve-Out, Carve-In in Ind AS-103 from IFRS-3. It e...

May 26, 2021 26751 Views 5 comments Print


Latest News


IASB’s Exposure Draft: Amendments to Financial Instruments Standards

Corporate Law : Explore proposed amendments to IAS 32, IFRS 7, and IAS 1 in the Exposure Draft by IASB. Learn how the changes address challenges i...

December 12, 2023 288 Views 0 comment Print

Exposure Draft on Amendments to Classification & Measurement of Financial Instruments

CA, CS, CMA : Exposure Draft on Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFR...

May 11, 2023 612 Views 0 comment Print

Third edition of the IFRS for SMEs Accounting Standard

CA, CS, CMA : To contribute to standard setting at international level, Exposure Draft of third edition of IFRS for SMEs Accounting Standard is...

October 16, 2022 1098 Views 0 comment Print

Staff draft of the IFRS Sustainability Disclosure Taxonomy

CA, CS, CMA : Staff draft of IFRS Sustainability Disclosure Taxonomy is issued by the IFRS Foundation for the public views. This draft sets out ...

July 21, 2022 408 Views 0 comment Print

IFRS Foundation document issued for comments

CA, CS, CMA : IFRS Foundation document issued for comments: IFRS Taxonomy 2021-Proposed Update 3 Initial Application of IFRS 17 and IFRS 9-Compa...

December 23, 2021 423 Views 0 comment Print


Latest Notifications


Implementation of Ind AS in Insurance Sector deferred for 2 Years

Corporate Law : Implementation of Ind AS in the Insurance Sector in India has been deferred for a period of two years and the same shall now be im...

June 28, 2017 918 Views 0 comment Print

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

Company Law : In the meeting held on 29th March, 2010, the Core Group deliberated and approved the Roadmap recommended by Sub-Group I in respec...

March 31, 2010 1135 Views 0 comment Print

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

Company Law : The Press Information Officer, Press Information Bureau, Ministry of Information and Broadcasting, with the request that the above...

January 22, 2010 670 Views 0 comment Print


Latest Posts in IFRS

IASB’s Exposure Draft: Amendments to Financial Instruments Standards

December 12, 2023 288 Views 0 comment Print

Explore proposed amendments to IAS 32, IFRS 7, and IAS 1 in the Exposure Draft by IASB. Learn how the changes address challenges in classifying complex financial instruments. Submit your comments by February 10, 2024.

IND-AS 115, IFRS 15, ‘Revenue From Contracts With Customers’

June 12, 2023 24405 Views 0 comment Print

Explore the intricacies of revenue recognition under Ind AS 115 and IFRS 15, Revenue from Contracts with Customers. Understand the amendments introduced by the Companies (Indian Accounting Standards) Amendment Rules 2023. This comprehensive guide covers accounting standards, differences between Ind AS 115 and IFRS 15, the five-step model for revenue recognition, and recent amendments, providing valuable insights for financial practitioners and entities navigating these standards.

Overview of Accounting Standards, Ind AS and IFRS

May 16, 2023 44964 Views 1 comment Print

Unlock the complexities of Accounting Standards, Ind AS, and IFRS with our comprehensive overview. Navigate the global standards shaping financial reporting and understand the significance of IFRS in todays interconnected markets. Delve into the Conceptual Framework, Recognition, Measurement, Presentation, and Disclosure principles. Stay informed about the adoption and convergence of Ind AS in India. Explore the latest amendments and modifications to Indian Accounting Standards.

Exposure Draft on Amendments to Classification & Measurement of Financial Instruments

May 11, 2023 612 Views 0 comment Print

Exposure Draft on Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)

Contingent Liabilities & Assets while Preparing Financial Statements as Per AS, IND AS & IFRS

December 29, 2022 21972 Views 0 comment Print

Understand Contingent Liabilities &amp Assets & how to treat them when preparing Financial Statements as per AS, IND AS & IFRS. Companies (Indian Accounting Standards) Amendments Rules 2021.

Third edition of the IFRS for SMEs Accounting Standard

October 16, 2022 1098 Views 0 comment Print

To contribute to standard setting at international level, Exposure Draft of third edition of IFRS for SMEs Accounting Standard issued by IASB.

Staff draft of the IFRS Sustainability Disclosure Taxonomy

July 21, 2022 408 Views 0 comment Print

Staff draft of IFRS Sustainability Disclosure Taxonomy is issued by the IFRS Foundation for the public views. This draft sets out the initial thinking of staff of IFRS foundation for development of proposed IFRS Sustainability Disclosure Taxonomy by ISSB.

IFRS Foundation document issued for comments

December 23, 2021 423 Views 0 comment Print

IFRS Foundation document issued for comments: IFRS Taxonomy 2021-Proposed Update 3 Initial Application of IFRS 17 and IFRS 9-Comparative Information (Amendment to IFRS 17)

Supplier Finance Arrangements – Proposed amendments to IAS 7 & IFRS 7

December 1, 2021 1530 Views 0 comment Print

The IFRS Interpretations Committee (IFRS IC) considered a question about the information an entity is required to provide in its financial statements about supply chain finance (reverse factoring) arrangements.

Go Global with knowledge of IPSAS- Internationally accepted Accounting Language for Governmental Accounting

November 10, 2021 1404 Views 1 comment Print

International Public Sector Accounting Standards (IPSASs) are a set of accounting standards issued by the IPSAS Board (IPSASB) for use by public sector entities around the world in the preparation of financial statements. These standards are based on International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).

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