Accounts Articles

Mandatory application of IFRS

Posted by CA Sumit Sarda 10 April 2019 5091 Views

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

Posted by CA Vishal G Mulchandani 03 April 2019 12057 Views

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

Posted by Guest 29 March 2019 5116 Views

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

Posted by Guest 29 March 2019 5495 Views

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

Posted by CA Kushal Soni 23 March 2019 19803 Views

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

Posted by Nirmal Shah 26 February 2019 72422 Views

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

Posted by Hardik 23 February 2019 288002 Views

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

Revenue recognition under IND-AS and IFRS

Posted by CMA Ramesh Krishnan 10 December 2018 8041 Views

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

Posted by Vivek Agarwal 02 November 2018 7312 Views

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 ...

Ind AS for NBFC

Posted by Vivek Agarwal 15 October 2018 21317 Views

ApplicabilityThe MCA on March 30, 2016 notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016, which includes a road map for implementatio...