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21 April 2017 at 10:58

Principal Vs Agent - Revenue (Gross or Net?) as per Ind-AS/ IFRS

  POSTED BY CA Anuj Agrawal

Many times Goods and Services are being sold/ rendered by using different kind of arrangements/ entities based on terms and conditions which could change Revenu

  0 comments |   475 Views

19 April 2017 at 11:23

Intangible Assets - Finite or Indefinite life?

  POSTED BY CA Anuj Agrawal

Intangible Assets are being recognized when it falls under the category of an Asset which has no physical substance and it is a non-monetary item and having ide

  4 comments |   1164 Views

17 April 2017 at 11:27

Take or Pay long term commodities contracts - Ind AS/ IFRS

  POSTED BY CA Anuj Agrawal

There would be many instances where a long term commodity purchase or sale agreement are being entered between the parties where there is a quantity to be deliv

  0 comments |   153 Views

11 April 2017 at 11:39

Appointed date Vs. Acquisition date - Acquisition of Business per Ind AS

  POSTED BY CA Anuj Agrawal

Acquisition of business is quite common in today’s fast moving dynamics of the world and every such stakeholder of the entity would be interested to know all im

  0 comments |   407 Views

31 March 2017 at 11:01

Convertible Bonds Calculations - Equity & Liability portion - Ind AS/ IFRS

  POSTED BY CA Anuj Agrawal

Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity & Liability and its related Journal

  0 comments |   776 Views

22 March 2017 at 11:02

Option to buy Shares given - Vodafone Idea Merger

  POSTED BY CA Anuj Agrawal

Recent news on approving merger of Vodafone & Idea at their board level has given many questions related to its accounting under the new framework i.e. Ind-As.

  0 comments |   1289 Views

08 March 2017 at 12:56

An Overview of Guidance note on Accounting for derivative Contracts

  POSTED BY Ankit Sharma

Accounting treatment for derivative contracts was earlier covered by AS 30, 31 & 32 which was withdrawn in March 2011 owing to revision in IAS 39, Financial Ins

  3 comments |   1713 Views

06 March 2017 at 11:23

Indian Accounting Standards: Employee benefits perspective


This article provides a brief introduction to Ind AS, what impact this will have on Defined Benefit schemes and how to prepare for the transition.

  0 comments |   956 Views

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 |   747 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 |   963 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 |   603 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 |   899 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 |   563 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

  1 comments |   3772 Views

17 February 2017 at 11:42

De-FACTO Control - Ind-As/ IFRS

  POSTED BY CA Anuj Agrawal

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

  3 comments |   881 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 |   791 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 |   2364 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 |   768 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 |   2242 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 |   724 Views

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