Accounts Articles



Impairment means weakening of Asset. As per INDAS and IFRS Standards, entities should include impairment loss in the financial statements.

Posted in Accounts |   1788 Views




We are in the season of Statutory audit and few people are working in companies where IND AS is applicable, and few are in companies where IND AS is not applicable.

Posted in Accounts  5 comments |   1416 Views




Introduction:Before going into �Financial Guarantee� and further deep into �Corporate Guarantee�, it is better to dive into what is the

Posted in Accounts  2 comments |   936 Views




When a company acquires certain types of Tangible Asset under Ind AS 16, it sometimes has an obligation to remove these assets after the end of their useful liv..

Posted in Accounts  1 comments |   992 Views




For any organisation, accurate computation of liability towards employee benefit is critical to ensure they are suf

Posted in Accounts  3 comments |   1053 Views



Ind AS 116 - Leases

  CA Ankit Jain    24 June 2019 at 11:22

This article aims at covering most of the concepts of recently issued Ind AS 116 by the ICAI and MCA which will supersede the earlier issued s

Posted in Accounts  1 comments |   2184 Views




Para 8 of Ind AS 38 specifies that �An intangible asset is an identifiable non-monetary asset without physical substance.�Also as per para 8 �

Posted in Accounts  5 comments |   2318 Views




Hedge accounting as covered under Para 6 of Ind AS 109 needs to determine the TYPE of hedge relationship that an entity is dealing with because the type of hedg..

Posted in Accounts |   1253 Views




The Ministry of Corporate affairs has notified the new Indian Accounting Standard (Ind AS) 116 Leases on March 30, 2019. As per the notification, this new Ind A..

Posted in Accounts  2 comments |   1363 Views



IFRS Convergence

  Sanyam@1    13 April 2019 at 13:06

1.What is GAAP Conversion?Converting from one GAAP to another GAAP. It often means changing more than just the numbers; there are of

Posted in Accounts |   1175 Views






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