Accounts Articles

Ind AS for NBFC

Posted by Vivek Agarwal 13 April 2019 21333 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 5133 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 5502 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 19820 Views

To understand any accounting standard in a better way, it is of most importance to know objective o

Ind AS-115: The New Standard for Revenue Recognition

Posted by Damandeep Singh 02 March 2019 37080 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 ...

Practical approach to implement Ind AS 116

Posted by Nirmal Shah 26 February 2019 72454 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

Concept of Deferred Tax with examples

Posted by CA RK 27 December 2018 15992 Views

Deferred Tax LiabilityExample for FY 2017-18 Particulars As per Books of Accounts As per Income Tax

Change in Recognition of Revenue

Posted by CA Aman Agrawal 27 November 2018 8605 Views

PrefaceInternational Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) issued their long-awaited converged standard on revenue

Treatment of Some Special Nature Transactions as per Ind AS 115 / IFRS 15

Posted by CA Kushal Soni 27 November 2018 9851 Views

Treatment of Contract costs Incremental costs of obtaining a contract Costs to fulfil a

Ind AS 115 (based on IFRS 15) Revenue from Contracts with Customers - Simplified

Posted by CA Kushal Soni 21 November 2018 14500 Views

Ind AS 115, Revenue from Contracts with Customers (based on IFRS 15), notified on 28 March 2018 by MCA. The new standard is effective for accounting periods be...