In general terms one can understand that a 'Commitment fees" is being charged for some approved facility
It is quite common where an entity provides some amounts as Share Application Money for the sake of allotment of such shares in future.
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.
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.
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
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
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
Accounting Standards, ICDS, Schedule III of CA 2013 etc
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
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
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
Unlike in current accounting practices in India, there is a need to identify Functional Currency for every entity whose financial statements are being prepared
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
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
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
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
Glitches during Migration to New Accounting System
accounting, auditing, IFRS, financial reports, certification etc
CA FINAL (Chapter-5)
Brief about the treatment of fixed asset under IAS-16 PP&E( IFRS )
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