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02 October 2017 at 17:17

Cash Flow Management: A Key For Business Growth

  POSTED BY Kapila Tanwar

Cash Flow, an important key factor for every business but more critical for startups to manage.

  0 comments |   609 Views

01 September 2017 at 11:08

Non-Controlling Interest - "Initial Measurement" Policy Choice Available?

  POSTED BY CA Anuj Agrawal

When an Entity is being acquired by another Entity, it has two way to look at it, first being 100% acquired where all controlling rights will be with Parent Ent

  0 comments |   564 Views

31 August 2017 at 10:52

IAS-23 borrowing costs


IAS 23 describes the treatment of borrowing costs. Most of the entities borrow, to fund their activities and incur intere

  1 comments |   1101 Views

28 July 2017 at 11:40

Ind AS 1 - Presentation of Financial Statements - A Threadbare Analysis

  POSTED BY Gowtham

Ind AS-1 - Presentation of Financial Statements - A Threadbare Analysis

  0 comments |   1746 Views

27 July 2017 at 11:05

How Reliance will record its new phone in the books of accounts!

  POSTED BY sumeet

This article is a personal analysis and conclusion of the author about the unique nature of transactions for the sale of upcoming feature phones of Reiance Jio.

  20 comments |   4555 Views

08 June 2017 at 11:32

Acquisition of Fixed Assets and their Deferred Tax Impacts

  POSTED BY CA Kunal Narwadkar

Taxation and accounting treatment of Interest on borrowings & Foreign exchange fluctuations related to acquisition of Fixed Assets and their Deferred Tax Impact

  3 comments |   1759 Views

29 May 2017 at 11:11

New Lease Accounting Standard


Article on how are the entities as "Lessee" in a lease contract getting ready for FASB- ASC 842 implementation? What are some the important points

  3 comments |   1079 Views

18 May 2017 at 11:19

Protective Rights - If to consider for controlling percentage?

  POSTED BY CA Anuj Agrawal

While analyzing the control aspect on any investments made by an entity, we usually go by the definition which suggests that while evaluating such rights which

  0 comments |   411 Views

12 May 2017 at 11:11

Hedge Accounting - What is allowed to be hedged?

  POSTED BY CA Anuj Agrawal

Simple answer is to mitigate all expected losses or adverse effect on fair values of any balance sheet items (e.g. Investments etc) or an effect on Profit/Loss

  1 comments |   1247 Views

08 May 2017 at 10:39

Hedge Accounting - Risk Management 'Strategy' vs Risk Management 'Objectives'

  POSTED BY CA Anuj Agrawal

Several of our readers requested to have clarity on Hedge Accounting, However it will indeed be a very long topic hence from now onwards, we will start taking t

  0 comments |   1356 Views

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 |   785 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 |   1407 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 |   434 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 |   674 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

  2 comments |   1115 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 |   1402 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 |   2142 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.

  1 comments |   1230 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 |   968 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.

  2 comments |   1112 Views

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