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Ind AS-115: The New Standard for Revenue Recognition

  Damandeep Singh    03 September 2018 at 11:53

Ind AS-115 notified on 28.03.2018 by the Ministry of Corporate Affairs, effective from 01.04.2018.Ind AS-115 provides single comprehensive framework to be used ..

Posted in Accounts  1 comments |   35903 Views


Ind AS 115: Summary IND AS 115 Revenue from Contracts with Customers

  CA Vivekanand Pote    23 August 2018 at 10:34

Ind AS 115 deals with Revenue from Contracts with Customers Notified by MCA based on recommendation by ICAI.

Posted in Accounts  4 comments |   171802 Views


Meaning of Deferred Tax Liability & Asset in Simple Words

  Vignesh Killur    09 August 2018 at 11:00

Meaning of Deferred Tax Liability & Asset Explained in Simple Words: In Simple words, Deferred Tax Liability is a Provision for Future Taxation. This is in stark Contrast to Provision for Taxation. Provision for Taxation is basically a provision

Posted in Accounts  305 comments |   1991885 Views


14 Key Points on Ind AS 16 Property, Plant and Equipment (PPE)

  Damandeep Singh    26 July 2018 at 11:45

Ind AS-16 deals with the accounting and depreciation of property, plant, and equipment, which are covered by the corresponding AS-10. Scope. Meaning of Plant, Property and Equipment (PPE), Recognition Principle, Component-Based Accounting, Initial Cost for Recognition, Subsequent Cost, Exchange for Non-Monetary Assets discussed.

Posted in Accounts  4 comments |   155630 Views


Concept of Deferred Tax with examples

  CA RK    30 June 2018 at 13:25

Deferred Tax LiabilityExample for FY 2017-18 Particulars As per Books of Accounts As per Income Tax

Posted in Accounts  8 comments |   15781 Views


Change in Recognition of Revenue

  CA Aman Agrawal    31 May 2018 at 11:14

PrefaceInternational Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) issued their long-awaited converged standard on revenue

Posted in Accounts  2 comments |   8513 Views


Treatment of Some Special Nature Transactions as per Ind AS 115 / IFRS 15

  CA Kushal Soni    31 May 2018 at 11:14

Treatment of Contract costs Incremental costs of obtaining a contract Costs to fulfil a

Posted in Accounts  4 comments |   9371 Views


Ind AS 115 (based on IFRS 15) Revenue from Contracts with Customers - Simplified

  CA Kushal Soni    25 May 2018 at 11:22

Ind AS 115, Revenue from Contracts with Customers (based on IFRS 15), notified on 28 March 2018 by MCA. The new standard is effective for accounting periods be..

Posted in Accounts  2 comments |   14259 Views


Ind AS 115 - Revenue from Contracts with Customers

  CA Akhil Jain    17 April 2018 at 10:53

Ind AS 115 was notified on March 28, 2018 and establishes a five-step model to account for revenue arising from contracts with customers. The new revenue standa..

Posted in Accounts |   6349 Views


The Future of Accounting: Top 5 Trends for 2018 and Beyond

  M.RR CHARYULU    02 April 2018 at 11:49

Accounting plays a key role in the functioning of any business. With global financial crisis in the recent past and a number of businesses expanding on a daily ..

Posted in Accounts  1 comments |   11334 Views