Accounts Articles

Share Application money pending allotment - Ind-AS/ IFRS

CA Anuj Agrawal 24 February 2017 at 12:15

It is quite common where an entity provides some amounts as Share Application Money for the sake of allotment of such shares in future.

Ind AS 40 : Investment Property

CA Diwakar Jha 24 February 2017 at 12:14

An investment property is a real estate property that has been purchased with the intention of earning a return on the investment (purchase) either through rent (income), the future resale of the property or both.

Ind AS 38 : Intangible Assets

CA Diwakar Jha 23 February 2017 at 10:56

The objective of Ind AS 38 is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Ind AS.

Land Operating or Finance Lease - Ind-As / IFRS

CA Anuj Agrawal 22 February 2017 at 10:59

In the current Indian accounting system, all lands are being shown as fixed assets in the financial statements of any Company and are being depreciated based on..

Proposed Buy back of Shares by TCS- An Accounting perspective-Ind -As/ IFRS

CA Anuj Agrawal 20 February 2017 at 11:01

We all got to hear by now that some major companies in India including Tata Consultancy Services (TCS) are planning to buy back its shares in order to improve e..

De-FACTO Control - Ind-As/ IFRS

CA Anuj Agrawal 17 February 2017 at 11:42

Ind-As -110 �Consolidated Financial Statements� para B 41-42 defines situation where even an entity holds less than 50% of the voting rights of another entity

IFRS a distant dream, hard to achieve in Indian Scenario

CA Pradeep Garg 15 February 2017 at 11:28

Accounting Standards, ICDS, Schedule III of CA 2013 etc

Reverse Merger : Idea and Vodafone Proposed deal

CA Anuj Agrawal 08 February 2017 at 10:52

As we all know and perhaps keep a track about all the latest developments related to the proposed merger of Idea and Vodafone, it would be interesting to co-re..

Concessional Loans (below market rates) or discounted items sold to employees- Ind-As/ IFRS

CA Anuj Agrawal 16 January 2017 at 11:13

It is quite general practice to provide concessional loans and/ or to provide goods of an entity to its own employees. These are generally treated at their norm..

Financial Guarantees - IND-AS/ IFRS

CA Anuj Agrawal 12 January 2017 at 11:18

There are many situations in businesses where a Parent Company issues some kind of written piece of paper (we usually call it guarantee) to a lender on behalf o..