Accounting treatment for derivative contracts was earlier covered by AS 30, 31 & 32 which was withdrawn in March 2011 owing to revision in IAS 39, Financial Ins...
This article provides a brief introduction to Ind AS, what impact this will have on Defined Benefit schemes and how to prepare for the transition.
In general terms one can understand that a 'Commitment fees" is being charged for some approved facility
It is quite common where an entity provides some amounts as Share Application Money for the sake of allotment of such shares in future.
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.
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.
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...
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...
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
Accounting Standards, ICDS, Schedule III of CA 2013 etc
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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