Accounts Articles

Determination of revenue under construction contract under Ind AS 115

CA Sumit Sarda 11 April 2019 at 11:14

Under the new Ind AS 115, construction contract is treated exactly the same way as any other contract with customers.As per Para 9 of Ind AS 115�An entity

Mandatory application of IFRS

CA Sumit Sarda 10 April 2019 at 11:13

With the applicability of Ind AS to all listed companies and unlisted with net worth more than 250 Crores w.e.f. 1.4.2018, there has been a lot of confusion wit..

Application of Time Value of Money Concept to WDV method of Depreciation Calculation

CA Vishal G Mulchandani 03 April 2019 at 10:26

Depreciation as per written down value method (WDV) has been under the spotlight after the introduction of the Companies Act, 2013. Schedule II of the act manda..

IFRS 16: Definition-of-a-lease

Guest 29 March 2019 at 12:33

IFRS 16 represents the first major overhaul of lease accounting in over 30 years. The new Standard will affect most companies that report under IFRS and are inv..

IFRS 16: Treatment of variable lease payment

Guest 29 March 2019 at 12:33

How do you treat a variable lease payment in the financial statements of an interim period?IFRS 16 must first be applied to accounting periods b

An insight to IND AS 10 - Events After the Reporting Period

CA Kushal Soni 23 March 2019 at 16:44

To understand any accounting standard in a better way, it is of most importance to know objective o

Practical approach to implement Ind AS 116

Nirmal Shah 26 February 2019 at 11:13

In this article we will discuss about the accounting treatment in books of lessee only.Basics on applicability of Ind AS 116 �Leases� Ind AS 116 is

Ind AS 116: Brief overview on Ind AS 116 - Leases

Hardik 23 February 2019 at 13:58

Ind AS 116 sets out the principles for the recognition, measurement, presentation, and disclosure of leases.

Revenue recognition under IND-AS and IFRS

CMA Ramesh Krishnan 10 December 2018 at 13:43

Revenue recognition under IND-AS & IFRS � Comparative overview IFRS-15 IAS-115 Applicability Applicable all t

Ind AS Implementation - A strategic issue, not just accounting

Vivek Agarwal 02 November 2018 at 11:27

Ind AS conversion is a strategic issue. The board of directors and management need to explain to the stakeholders on changes and impact arising from the Ind AS ..