Accounts Articles
Ind AS 40 : Investment Property
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.
De-FACTO Control - Ind-As/ IFRS
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
Accounting Standards, ICDS, Schedule III of CA 2013 etc
Reverse Merger : Idea and Vodafone Proposed deal
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
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
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...
Functional Currency - IND-AS/ IFRS
Unlike in current accounting practices in India, there is a need to identify Functional Currency for every entity whose financial statements are being prepared ...
Public-Private Arrangements or Service Concession Arrangements - IND AS/IFRS
Public related many activities/ services around the world are being given to private entities to build and operate and after certain point of time (depending up...
Derecognition of Financial Liabilities - IND-AS/ IFRS
As we are gradually moving towards converged IFRS (known as IND-AS in India) in India, there are some rules which have been prescribed by the new accounting standard related to de-recognition of financial liabilities
IND-AS/ IFRS - Write-offs (Banks)
In this article we will touch upon some potential changes/ differences where regulator and the Standard setters need to provide more clarity in order to make all such accounting treatments consistent across Industry
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