Accounts Articles

Ind AS 116: Brief overview on Ind AS 116 - Leases

Posted by Hardik 08 April 2023 288068 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 08 June 2019 8066 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 01 May 2019 7338 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 13 April 2019 21336 Views

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

Ind AS-115: The New Standard for Revenue Recognition

Posted by Damandeep Singh 02 March 2019 37104 Views

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 ...

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

Posted by CA Vivekanand Pote 10 April 2023 176644 Views

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

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

Posted by Damandeep Singh 27 December 2020 156583 Views

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.