CA, CS, CMA : Application of Ind AS 115’s 5-step model to revenue recognition in India's renewable energy sector, covering PPAs, incentives, p...
CA, CS, CMA : IND AS 38 defines intangible assets like patents, software, and brand value. Learn recognition, valuation, and disclosure criteria...
CA, CS, CMA : Learn about OCI under IND AS/IFRS, its components, classifications, and the logic behind recycling. Understand its impact on finan...
CA, CS, CMA : Understand the key differences between PPE (Ind AS 16) and Investment Property (Ind AS 40) based on usage, valuation, and income r...
CA, CS, CMA : Learn the Five-Step Model under IND AS 115 for accurate revenue recognition. Understand contracts, obligations, transaction price,...
Company Law : Overview of NFRA's interaction series focusing on auditor-audit committee communications, covering deferred tax assets, liabilitie...
CA, CS, CMA : Stay updated on Indian Accounting Standards (Ind AS) amendments. Accounting Standards Board seeks your input on Lack of Exchangeab...
CA, CS, CMA : Accounting Standards Board has issued Exposure Draft of Supplier Finance Arrangements - Amendments to Ind AS 7 and Ind AS 107 co...
CA, CS, CMA : Accounting Standards Board has issued Exposure Draft of International Tax Reform—Pillar Two Model Rules - Amendments to Ind AS 1...
Corporate Law : The National Financial Reporting Authority (NFRA) held a meeting to examine the proposals received from the Institute of Chartered...
Income Tax : Treatment as per Income Tax Act and Indian Accounting Standard in case of Slump sale / Sale of Division/ sale of undertaking betwe...
Company Law : MCA issues the Companies (Ind AS) Third Amendment Rules, 2024. New provisions for insurers on financial reporting using Ind AS 104...
Company Law : NFRA's investigations inter-alia revealed that CDGL's Auditors for FY 2018-19 failed to meet relevant requirements of Standards on...
Company Law : MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st March, 2023 G.S.R. 242(E). — In exercise of the powers conferred ...
Company Law : NFRA Circular on Non-Accrual of interest on borrowings by the companies in violation of Indian Accounting Standards (Ind AS) It ha...
Corporate Law : The Authority has been working on implementation of Ind AS in Insurance sector including new standard on insurance contracts in In...
Learn about compound financial instruments and their role in accounting standards. Discover how they are classified and the impact they have on financial reporting.
Understanding the tax implications of Ind AS 116 Leases- a comprehensive guide to the new accounting treatment for lease arrangements.
Globally, many jurisdictions have been taking steps for replacing existing Interbank offered rates (IBORs) with some alternate benchmark rates as a result of recommendations of Financial Stability Board. In this regard, IASB identified two groups of accounting issues that could affect financial reporting due to the reform:
Gain a comprehensive understanding of Indian Accounting Standard (IND AS) 33 and IAS 33 Earnings per Share. Learn about the practical applications and differences between these accounting standards.
Learn about the accounting treatment of refundable security deposit under Ind-AS 32 and Ind-AS 109. Understand the classification and reporting requirements for financial assets.
Conceptual Framework for Financial Reporting under Indian Accounting Standards (Ind AS) applicable for Standard-setting Activity from accounting periods beginning from April 1, 2020, and for the preparers of financial Statements from a future date
This Compendium of Ind AS is an endeavour of ICAI to facilitate ease of reference and ready source of comprehensive literature for all those entities that are preparing financial statements under Ind AS, either mandatorily or voluntarily.
There may be a time gap between the balance sheet date (reporting date) and the date on which the financial statements are approved. During this gap of time, some events shall take place. Such events are called events after reporting period. For Example, a company prepares its balance sheet on 31/3/2021, but it is approved […]
Understand the complexities of Ind AS 40 – Investment Property. Learn about the recognition, disclosure, and measurement of investment property.
Get a simplified overview of IND AS 115: Revenue from Contract with Customer. Learn about the new rules of revenue recognition and how it impacts financial performance.
