Accounts Articles

Mandatory application of IFRS

Posted by CA Sumit Sarda 07 October 2019 5101 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 30 September 2019 12067 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...

Working Capital: Concepts & Its Management Part-2

Posted by Member (Account Deleted) 10 September 2019 21579 Views

Now our second Question comes into picture which is How to finance the Working Capital For this it is important for us to know that there are further two categories of Working Capital on the basis of Time 1. Perma

XBRL Filing of Financial Statements

Posted by CS DHANAPAL 29 August 2019 29279 Views

SECTION A XBRL FILING OF FINANCIAL STATEMENTS XBRL is the acronym for Extensible Business Reporting Language. As the name itself suggests, it is a language for presentation of data which permits easy analysis and interpretation thereby r

IFRIC- Interpretation of IFRS

Posted by CA. Amit Daga 01 August 2019 21926 Views

Dear All,In india for all Accounting Interpretation we have ASI (Accounting Standard Interpretation) in line of that in IFRS there is also some Interpretation which is known as IFRIC- International Financial Reporting Standards Interpretation Commit

Revenue recognition under IND-AS and IFRS

Posted by CMA Ramesh Krishnan 08 June 2019 8047 Views

Revenue recognition under IND-AS & IFRS � Comparative overview IFRS-15 IAS-115 Applicability Applicable all t

How to determine fair value hedge or cash flow hedge under Ind AS 109

Posted by CA Sumit Sarda 10 May 2019 19490 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...

Ind AS Implementation - A strategic issue, not just accounting

Posted by Vivek Agarwal 01 May 2019 7324 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 21327 Views

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

IFRS 16: Definition-of-a-lease

Posted by Guest 29 March 2019 5128 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...