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IFRS

Latest Articles


Market vs. Income-Based Valuation Models as per Ind AS 113 & IFRS 13

CA, CS, CMA : Explore how Ind AS 113 and IFRS 13 guide fair value using market-based and income-based valuation approaches with key differences ...

April 6, 2025 543 Views 0 comment Print

Ind AS 115 and IFRS 15: Performance Obligations in Contracts

CA, CS, CMA : Learn how to identify performance obligations under Ind AS 115 and IFRS 15 for accurate revenue recognition. Includes examples fro...

April 6, 2025 3243 Views 0 comment Print

Ind AS 116 & IFRS 16: Understanding Lease Substitution Rights

CA, CS, CMA : Learn how Ind AS 116 & IFRS 16 define lease substitution rights. Understand when asset control determines lease recognition in fin...

March 25, 2025 306 Views 0 comment Print

The ESG-IFRS Nexus: Redefining Financial Accountability

CA, CS, CMA : Explore how ESG integration into IFRS standards redefines corporate accountability, focusing on sustainability disclosures, global...

January 23, 2025 690 Views 0 comment Print

Understanding OCI under IND AS/IFRS: Items and Recycling Logic

CA, CS, CMA : Learn about OCI under IND AS/IFRS, its components, classifications, and the logic behind recycling. Understand its impact on finan...

December 26, 2024 2649 Views 0 comment 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 438 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 723 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 1248 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 432 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 471 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 1008 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 1204 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 760 Views 0 comment Print


Latest Posts in IFRS

Market vs. Income-Based Valuation Models as per Ind AS 113 & IFRS 13

April 6, 2025 543 Views 0 comment Print

Explore how Ind AS 113 and IFRS 13 guide fair value using market-based and income-based valuation approaches with key differences and practical examples.

Ind AS 115 and IFRS 15: Performance Obligations in Contracts

April 6, 2025 3243 Views 0 comment Print

Learn how to identify performance obligations under Ind AS 115 and IFRS 15 for accurate revenue recognition. Includes examples from construction, software, and telecom.

Ind AS 116 & IFRS 16: Understanding Lease Substitution Rights

March 25, 2025 306 Views 0 comment Print

Learn how Ind AS 116 & IFRS 16 define lease substitution rights. Understand when asset control determines lease recognition in financial reporting.

The ESG-IFRS Nexus: Redefining Financial Accountability

January 23, 2025 690 Views 0 comment Print

Explore how ESG integration into IFRS standards redefines corporate accountability, focusing on sustainability disclosures, global frameworks, and financial impacts.

Understanding OCI under IND AS/IFRS: Items and Recycling Logic

December 26, 2024 2649 Views 0 comment Print

Learn about OCI under IND AS/IFRS, its components, classifications, and the logic behind recycling. Understand its impact on financial reporting and performance.

Proposed Amendments to IFRS 9 & 7 for Renewable Electricity Contracts by IASB

August 5, 2024 309 Views 0 comment Print

IASB proposes amendments to IFRS 9 and IFRS 7 for better accounting of renewable electricity contracts, addressing practical issues and enhancing financial reporting clarity.

Detailed Analysis of Differences Between Ind AS and IFRS

June 24, 2024 13278 Views 1 comment Print

Detailed Analysis of Differences Between Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS). This comprehensive guide explores the key distinctions, rationale, and implications of each set of standards on financial reporting in India.

IASB’s Exposure Draft: Amendments to Financial Instruments Standards

December 12, 2023 438 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 29913 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 48438 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.

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