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27 February 2017 at 11:24

"Commitment fees" and "Processing Fees" on loans - IND AS / IFRS

  POSTED BY CA.Anuj Agrawal

In general terms one can understand that a 'Commitment fees" is being charged for some approved facility

  0 comments |   541 Views

24 February 2017 at 12:15

Share Application money pending allotment - Ind-AS/ IFRS

  POSTED BY CA.Anuj Agrawal

It is quite common where an entity provides some amounts as Share Application Money for the sake of allotment of such shares in future.

  0 comments |   811 Views

24 February 2017 at 12:14

Ind AS 40 : Investment Property

  POSTED BY CA Diwakar Jha

An investment property is a real estate property that has been purchased with the intention of earning a return on the investment (purchase) either through rent (income), the future resale of the property or both.

  1 comments |   446 Views

23 February 2017 at 10:56

Ind AS 38 : Intangible Assets

  POSTED BY CA Diwakar Jha

The objective of Ind AS 38 is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Ind AS.

  1 comments |   621 Views

22 February 2017 at 10:59

Land Operating or Finance Lease - Ind-As / IFRS

  POSTED BY CA.Anuj Agrawal

In the current Indian accounting system, all lands are being shown as fixed assets in the financial statements of any Company and are being depreciated based on

  0 comments |   460 Views

20 February 2017 at 11:01

Proposed Buy back of Shares by TCS- An Accounting perspective-Ind –As/ IFRS

  POSTED BY CA.Anuj Agrawal

We all got to hear by now that some major companies in India including Tata Consultancy Services (TCS) are planning to buy back its shares in order to improve e

  0 comments |   3524 Views

17 February 2017 at 11:42

De-FACTO Control - Ind-As/ IFRS

  POSTED BY CA.Anuj Agrawal

Ind-As -110 ´┐ŻConsolidated Financial Statements´┐Ż para B 41-42 defines situation where even an entity holds less than 50% of the voting rights of another entity

  3 comments |   815 Views

15 February 2017 at 11:28

IFRS a distant dream, hard to achieve in Indian Scenario

  POSTED BY Pradeep Garg

Accounting Standards, ICDS, Schedule III of CA 2013 etc

  1 comments |   748 Views

08 February 2017 at 10:52

Reverse Merger : Idea and Vodafone Proposed deal

  POSTED BY CA.Anuj Agrawal

As we all know and perhaps keep a track about all the latest developments related to the proposed merger of Idea and Vodafone, it would be interesting to co-re

  0 comments |   2230 Views

16 January 2017 at 11:13

Concessional Loans (below market rates) or discounted items sold to employees- Ind-As/ IFRS

  POSTED BY CA.Anuj Agrawal

It is quite general practice to provide concessional loans and/ or to provide goods of an entity to its own employees. These are generally treated at their norm

  0 comments |   709 Views

12 January 2017 at 11:18

Financial Guarantees - IND-AS/ IFRS

  POSTED BY CA.Anuj Agrawal

There are many situations in businesses where a Parent Company issues some kind of written piece of paper (we usually call it guarantee) to a lender on behalf o

  0 comments |   2048 Views

06 January 2017 at 11:04

Functional Currency - IND-AS/ IFRS

  POSTED BY CA.Anuj Agrawal

Unlike in current accounting practices in India, there is a need to identify Functional Currency for every entity whose financial statements are being prepared

  2 comments |   665 Views

04 January 2017 at 10:46

Public-Private Arrangements or Service Concession Arrangements - IND AS/IFRS

  POSTED BY CA.Anuj Agrawal

Public related many activities/ services around the world are being given to private entities to build and operate and after certain point of time (depending up

  0 comments |   625 Views

03 January 2017 at 16:53

Derecognition of Financial Liabilities - IND-AS/ IFRS

  POSTED BY CA.Anuj Agrawal

As we are gradually moving towards converged IFRS (known as IND-AS in India) in India, there are some rules which have been prescribed by the new accounting standard related to de-recognition of financial liabilities

  0 comments |   788 Views

02 January 2017 at 11:02

IND-AS/ IFRS - Write-offs (Banks)

  POSTED BY CA.Anuj Agrawal

In this article we will touch upon some potential changes/ differences where regulator and the Standard setters need to provide more clarity in order to make all such accounting treatments consistent across Industry

  2 comments |   817 Views

30 December 2016 at 10:49

Equity or Liability? - Ind AS/ IFRS

  POSTED BY CA.Anuj Agrawal

After the introduction of IFRS (called IND-AS in Indian perspective) in India, now all instruments that are issued by an entity will not accounted just based on

  0 comments |   1306 Views

24 December 2016 at 11:58

Glitches during Migration to New Accounting System

  POSTED BY Jitendra Jain

Glitches during Migration to New Accounting System

  1 comments |   3911 Views

13 December 2016 at 10:49

Separate law for Accounting & Auditing Practices

  POSTED BY Pradeep Garg

accounting, auditing, IFRS, financial reports, certification etc

  4 comments |   773 Views

13 December 2016 at 10:49

Crux of holding company accounts

  POSTED BY Vikas kumawat

CA FINAL (Chapter-5)

  3 comments |   971 Views

17 October 2016 at 11:16

Fixed asset Accounting under IFRS

  POSTED BY CMA Ramesh Krishnan

Brief about the treatment of fixed asset under IAS-16 PP&E( IFRS )

  5 comments |   2562 Views

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