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...
Statement of Cash Flows (IND AS -7) by incorporating Companies (Indian Accounting Standards) Amendment Rules 2022 Statement of Cash Flows is an integral part of Financial Statements as per Indian Accounting Standards regime. Following are important Financial Statements of a Joint Stock Company as per IND AS regime. 1. Statement of Profit or Loss 2. […]
A comprehensive guide on the presentation of financial statements: IAS 1 and Ind AS 1. Learn about the similarities and differences in presentation criteria.
Explore the significance of Cash Flow Statement in financial reporting, following IAS 7/IND AS 7. Learn about its components, classifications, and definitions, essential for understanding a company’s liquidity and decision-making process.
Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. However, currently, there is no specific guidance on their subsequent transfer to retained earnings or other free reserve.
Understand the key discussions on Ind AS-1 regarding the presentation of financial statements, including objectives, scope, definitions, and structural elements.
Ind AS 116 sets out the principles for the recognition, measurement, presentation, and disclosure of leases. The objective is to ensure that lessees and lessors provide relevant information in a manner that faithfully represents those transactions.
Objective of standard 109- Financial Instruments is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows.
Exposure Draft – Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants – Amendments to Ind AS 1
Exposure Draft of Amendments to Ind AS 116, Leases, issued by Accounting Standards Board of Institute of Chartered Accountants of India
IND AS 109 – Financial Instruments. This ICAI standard covers a wide range of financial instruments, including loans, bonds, equity, derivatives, and more. Learn more about this accounting framework here.
