Accounts Articles

Ind AS 16 quick review

Ankur Dudani 27 May 2016 at 10:28

Quich Review of IND AS 16IND AS 16 deals with Accounting & depreciation of property, plant and equipment which are covered by existing Accounting Standard 10 (Accounting for Fixed Assets) & AS 6 (Depreciation Accounting).1. Meaning of Fix

All about internal financial control (IFC)

CA Sumat Singhal 26 May 2016 at 10:08

What is Internal Financial Control (IFC)? (Sec 134) As per Section 134 of the Companies Act 2013, the term �Internal Financial Controls� means the policies and procedures adop

Practical Guide to Consolidation of Accounts

Vivek Agarwal 17 May 2016 at 10:55

"The more you learn, you learn that you still have lot to learn� Did you know? Before Companies Act 2013, only listed company was required to do Consolidation. AS 21 says that if a company is required to do consolidation then consolidation

Books of account

Member (Account Deleted) 04 May 2016 at 10:48

Books of Account etc. to be kept by CompanySection 128 of Companies Act, 2013Rules 2A, 3 & 4 of Companies (Accounts) Rules, 2014Sub-section 1 states1. Place of keeping Books of account -Books of account + other relevant books and papers + financi

Related Party disclosure under IFRS

CMA Ramesh Krishnan 25 April 2016 at 10:59

Current business scenario, the related party relationship are normal feature of any business, It may be through subsidiaries, joint ventures and associates, these kind of business arrangements generally affect the b

Hedge Accounting as per IND-AS

Rahul Magan 01 April 2016 at 10:59

Purpose of the Article:- Hedge accounting is a method of accounting where entries for the ownership of a security and the opposing hedge are treated as one. Hedge accounting attempts to reduce the volatility created by the repeated adjustment of a fi

Heads Up, Financial and Accounting Pros! Business Intelligence Tools Make a Difference

Arbuda Dave 26 February 2016 at 10:59

Every organization has to juggle information. Information and data come from every corner of the enterprise, and can include databases, data warehouses, best-of-breed systems, legacy systems, and specialized systems like ERP, HR, Finance, Accounting,

Accounting for Amalgamation(as per AS-14)

RINKU GAUR 18 January 2016 at 10:54

Accounting for Amalgamation(AS-14) In general meaning Amalgamation implies blending of two or more existing entities into one, during the blending process blended entities losing their identities and forming into one separate legal entity having its

Financial statements under IFRS

CMA Ramesh Krishnan 03 October 2015 at 13:20

International Financial reporting standards (IFRS) is the current trending subject in the finance field. The purpose of preparation of financial statement not only to know the results of the business and also to check,

A b-indas journey Part 4: IND AS 1

MANOJ 28 September 2015 at 10:44

Hi!The journey is now going to get juicier as we now step into the accounting standards!The first one in the row will be Ind AS1 �Presentation of Financial Statements�. If your insides are shouting that the first one is Ind AS 101 &ldquo