Accounts Articles

Ind AS 115 - Revenue from Contracts with Customers

Posted by CA Akhil Jain 14 October 2018 6449 Views

Ind AS 115 was notified on March 28, 2018 and establishes a five-step model to account for revenue arising from contracts with customers. The new revenue standa...

The Future of Accounting: Top 5 Trends for 2018 and Beyond

Posted by M.RR CHARYULU 29 September 2018 11424 Views

Accounting plays a key role in the functioning of any business. With global financial crisis in the recent past and a number of businesses expanding on a daily ...

Example on IND-AS 21: Conversion from Functional to Presentation Currency

Posted by CA Aman Agrawal 24 September 2018 10322 Views

Branch A of ABC Limited. Its functional currency is USD. However, Branch A is required by law to present its financial statements in INR as presentation currenc...

Accounting for E-commerce Business

Posted by Chetna Rathi 31 July 2018 44832 Views

Growth of ecommerce has revolutionized the way of conducting the business. The buyer and the sellers are the mere click of the

Accounting Treatment of Spare Parts - Capital Spares

Posted by Karan Khanchandani 19 May 2018 69640 Views

Kabhi kisi �EXTRA� ko �extra� mat samajhna, kyunki kya pata us �extra� ka accounting treatment �EXTRAordinary� h

Cash Flow Management: A Key For Business Growth

Posted by Kapila Tanwar 31 March 2018 6788 Views

Cash Flow, an important key factor for every business but more critical for startups to manage.

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

Posted by CA Anuj Agrawal 28 February 2018 3332 Views

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

Posted by B.COM, ACA, DISA Namrata 27 February 2018 8786 Views

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

Posted by Gowtham 24 January 2018 51762 Views

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

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

Posted by sumeet 23 January 2018 19102 Views

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....