Accounts Articles

Non-Controlling Interest - "Initial Measurement" Policy Choice Available?

CA Anuj Agrawal 01 September 2017 at 11:08

When an Entity is being acquired by another Entity, it has two way to look at it, first being 100% acquired where all controlling rights will be with Parent Ent..

IAS-23 borrowing costs

B.COM, ACA, DISA Namrata 31 August 2017 at 10:52

IAS 23 describes the treatment of borrowing costs. Most of the entities borrow, to fund their activities and incur intere

Ind AS 1 - Presentation of Financial Statements - A Threadbare Analysis

Gowtham 28 July 2017 at 11:40

Ind AS-1 - Presentation of Financial Statements - A Threadbare Analysis

How Reliance will record its new phone in the books of accounts!

sumeet 27 July 2017 at 11:05

This article is a personal analysis and conclusion of the author about the unique nature of transactions for the sale of upcoming feature phones of Reiance Jio...

Acquisition of Fixed Assets and their Deferred Tax Impacts

CA Kunal Narwadkar 08 June 2017 at 11:32

Taxation and accounting treatment of Interest on borrowings & Foreign exchange fluctuations related to acquisition of Fixed Assets and their Deferred Tax Impact..

New Lease Accounting Standard

Nidhi 29 May 2017 at 11:11

Article on how are the entities as "Lessee" in a lease contract getting ready for FASB- ASC 842 implementation? What are some the important points

Protective Rights - If to consider for controlling percentage?

CA Anuj Agrawal 18 May 2017 at 11:19

While analyzing the control aspect on any investments made by an entity, we usually go by the definition which suggests that while evaluating such rights which ..

Hedge Accounting - What is allowed to be hedged?

CA Anuj Agrawal 12 May 2017 at 11:11

Simple answer is to mitigate all expected losses or adverse effect on fair values of any balance sheet items (e.g. Investments etc) or an effect on Profit/Loss ..

Hedge Accounting - Risk Management 'Strategy' vs Risk Management 'Objectives'

CA Anuj Agrawal 08 May 2017 at 10:39

Several of our readers requested to have clarity on Hedge Accounting, However it will indeed be a very long topic hence from now onwards, we will start taking t..

Principal Vs Agent - Revenue (Gross or Net?) as per Ind-AS/ IFRS

CA Anuj Agrawal 21 April 2017 at 10:58

Many times Goods and Services are being sold/ rendered by using different kind of arrangements/ entities based on terms and conditions which could change Revenu..