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 : Explore AS 17 Segment Reporting: its scope, definitions of business and geographical segments, allocation methods, and criteria fo...
CA, CS, CMA : Understand Accounting Standard 10 (AS 10) for "Property Plant and Equipment" covering recognition, measurement, valuation, depreci...
CA, CS, CMA : Understand AS 2 and its guidelines for inventory valuation. Learn about costs, net realizable value, exclusions, and comparisons w...
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...
CA, CS, CMA : Exposure Draft of Amendments to Ind AS 116, Leases, issued by Accounting Standards Board of Institute of Chartered Accountants of ...
CA, CS, CMA : ICAI has released Compendium of Indian Accounting Standards (Ind AS) (as on April 01, 2022) along with e-version of related guidan...
CA, CS, CMA : This is the third edition of our earlier issued publication which contains an overview of various aspects related to IFRS-converge...
CA, CS, CMA : IAS 1 Presentation of Financial Statements requires that, for an entity to classify a liability as non-current, the entity must ha...
CA, CS, CMA : Since offences pertaining to the non-disclosure of the documents which were required under Indian Accounting Standards (IndAS) all...
Income Tax : As per AS-7 when the cost of contract is likely to be exceed the contract revenue then the loss incurred on the contract should be...
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...
Company Law : MCA notifies Companies (Indian Accounting Standards) Amendment Rules, 2022 vide Notification No. G.S.R 255(E) Dated: 23rd March, 2...
Company Law : MCA has notified Companies (Accounting Standards) Rules, 2021 on 23rd June, 2021. vide this notification has amended definition of...
Company Law : (1) These rules may be called the Companies (Indian Accounting Standards) Amendment Rules, 2021. (2) They shall come into force on...
Explore the essentials of Ind AS 20: accounting for government grants and detailing disclosure of government assistance for compliance and financial clarity.
Discover the essentials of Ind AS 19 – Employee Benefits, covering accounting and disclosure for employee services, termination benefits, and more. Learn about liability, asset recognition, and the differentiation between defined contribution and benefit plans.
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.
Get insights into IND AS 34 & IAS-34, with changes as per the Companies (Indian Accounting Standards) Amendment Rules 2023. Explore the differences, scope, and more.
Discover key concepts in Ind AS 8 regarding accounting policies, changes in accounting estimates, and errors, with insights on differences from IAS 8.
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.
Understand Income Taxes (Ind AS 12, IAS 12) with changes as per Companies (Indian Accounting Standards) Amendment Rules 2023. Learn about accounting treatment, objectives, scope, and adjustments for differences between financial statements and tax laws. Stay informed about the latest amendments and updates.
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.
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st March, 2023 G.S.R. 242(E). — In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government, in consultation with the National Financial Reporting Authority, hereby makes the following rules further to amend the […]
