Accounts Articles

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.

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

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

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

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..

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..

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 ..

Example on IND-AS 21: Conversion from Functional to Presentation Currency

CA Aman Agrawal 28 March 2018 at 10:42

Branch A of ABC Limited. Its functional currency is USD. However, Branch A is required by law to present its financial statements in INR as presentation currenc..