CA, CS, CMA : Discover a comprehensive FAQ on Ind AS 115, covering revenue recognition principles, key concepts, and implementation challenges. ...
CA, CS, CMA : Detailed Analysis of Differences Between Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFR...
CA, CS, CMA : Understand AS 13 Accounting for Investments: Learn about investment types, properties, carrying amounts, reclassification, and ess...
CA, CS, CMA : Discover the complexities of treating goodwill under Ind AS, covering its recognition, measurement, impairment, and allocation pri...
CA, CS, CMA : Explore AS 17 Segment Reporting: its scope, definitions of business and geographical segments, allocation methods, and criteria fo...
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 : 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...
SEBI : SEBI vide notification dated January 25, 2022 amended SEBI (Mutual Funds) Regulations, 1996 (MF Regulations), which, inter-alia, m...
Learn the intricacies of IND AS 16 – Capitalization of Plant & Depreciation. Understand recognition criteria, elements of cost, and depreciation component-wise. Practical examples guide you through proper allocation and accounting practices. Need assistance? Contact us for expert advice.
Explore the quick walk-through of IND AS 115 – Revenue Recognition. Learn the critical steps, including identifying contracts, performance obligations, measuring progress, and allocating transaction prices.
Uncover the intricacies of Impairment Loss in accounting through Ind AS 36. Delve into the objective of the standard, ensuring assets are valued appropriately. Explore how tangible and intangible assets face degradation over time and the significance of recording this in financial statements. Understand the factors contributing to impairment, such as technological changes or disposals.
It is well documented that the Discoms have been unable to pay their outstanding dues to the power generating companies over the last couple of years. This has led to an overall impact on the energy sector where generating companies are facing liquidity issues and are forced to incur additional finance costs.
Learn about the applicability of Ind AS 19 on NBFCs, banks, and insurance companies in India. Understand the requirement for actuarial valuations and compliance with Indian accounting standards.
NFRA Circular on Non-Accrual of interest on borrowings by the companies in violation of Indian Accounting Standards (Ind AS) It has come to the attention of the NFRA during a disciplinary action under section 132(4) of the Act for professional misconduct of the statutory auditor (CA Som Prakash Aggarwal) of a listed company (Vikas WSP […]
Understand Ind AS-16: Property, Plant And Equipment Amendments 2022. Simple insights on recognition, measurement, and disclosures. No major difference with IAS-16.
Impairment of assets – Value in use. Learn how to assess non-financial asset impairment, calculate recoverable amounts using fair value less costs to sell (FVLCS) and value in use (VIU). Dive into specific scenarios involving leases, asset retirement, freehold land, capital expenditures, working capital, and discover insights on goodwill impairment delay due to land appreciation. Comprehensive guide by CA Shreyansh Shah & CA RV Rahul Bansal.
Ensure compliance with the new reporting requirements under the Companies Act 2013. Learn about the revised schedule III financial statements for companies from FY 21-22 onward.
Understanding the importance of discounting rate in impairment testing of non-financial assets. Learn how to select the most appropriate rate for determining value-in-use.
