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,...
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...
CA, CS, CMA : Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. ...
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...
Accounting Standards Board has issued Exposure Draft of Supplier Finance Arrangements – Amendments to Ind AS 7 and Ind AS 107 corresponding to Amendments in IAS 12 issued by the IASB.
Accounting Standards Board has issued Exposure Draft of International Tax Reform—Pillar Two Model Rules – Amendments to Ind AS 12 corresponding to Amendments to IAS 12 issued by the IASB.
Unlock the complexity of Indian Accounting Standards (Ind AS) with our simplified overview. Learn the applicability, principles, and key standards, including Presentation of Financial Statements, Inventories, Statement of Cash Flows, and more. Stay compliant and elevate financial reporting in India.
Ind AS 1, also known as the Indian Accounting Standard 1, is a crucial accounting standard that sets out the guidelines for the presentation of financial statements in India.
Discover the concept of Deferred Tax and its impact on balance sheets and profit and loss accounts. Explore the two approaches used by companies to calculate deferred tax amounts: AS-22 and IND AS-12. Learn how timing differences, such as depreciation, unabsorbed depreciation, MAT credit, and income received in advance, create deferred tax liabilities or assets.
Unlock the insights into Ind AS 24 Related Party Disclosures. Learn its scope, identification of related parties, disclosure requirements, and the significance it holds for transparency and governance in financial reporting. Comply with Ind AS 24 for trustworthy financial statements.
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.
Explore the key aspects of IND AS 110 and IFRS 10 Consolidated Financial Statements with a summary incorporating changes as per the Companies (Indian Accounting Standards) Amendment Rules 2023. Understand the differences between Ind AS 110 and IFRS 10, the objective of the standards, scope, and definitions such as control, consolidated financial statements, parent, subsidiary, and non-controlling interest.
Get a comprehensive guide on auditing and disclosure requirements for trade receivables in AS and Ind AS compliant entities under the Companies Act, 2013. Ensure accurate financial reporting with step-by-step procedures and comply with the latest amendments. Contact us for expert assistance.
Understand Ind AS 103 for Business Combinations, Mergers, and Acquisitions. Learn about the objective, acquisition method, goodwill, reverse acquisition, and more. Stay updated with the Companies (Indian Accounting Standards) Amendment Rules 2023.
