Accounts Articles

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

A b-indas Journey into IndAS Part 3: The framework

MANOJ 25 September 2015 at 10:57

Hi there!This write-up is for people who have heard about the term IndAS but are yet to get into the scheme ofthings. This is the third in a series of articles that will walk you through the basics of the standards.CAVEAT: The objective is to get the

A b-indas Journey into IndAS Part 2: The numbering

MANOJ 24 September 2015 at 11:58

Hi there!This write-up is for people who have heard about the term IndAS but are yet to get into the scheme ofthings. This is the second in a series of articles that will walk you through the basics of the standards.CAVEAT: The objective is to get th

Consolidation of Financials under IFRS

CMA Ramesh Krishnan 23 September 2015 at 11:07

Introduction: Under Globalised scenario, the boundaries of the business crossed the beyond from one county to many countries during the last two decades, at the same time business risk is also increased the same

A b-indas Journey into IndAS Part 1

MANOJ 23 September 2015 at 11:07

Hi there!!This write-up is for people who have heard about the term IndAS but are yet to get into the scheme of things. This is the first in a series of articles that will walk you through the basics of the standards.CAVEAT: The objective is to get t

Ind-AS: convergence with IFRS: GAAP GAPS summarised

rajkumar jain 16 September 2015 at 10:51

The MCA had issued a notification dated 16 February 2015 announcing the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Indian Accounting Standard (Ind- AS).Ind-AS are converged IFRS and applicable in a phased manner to India

Ind AS - A convergence to IFRS. Whether a Nightmare?

P.R. Sethuraman 12 September 2015 at 11:25

It is not an article on procedures and technicalities of IFRSs but a generic one for a common man who is more concerned with results than with accounting intricacies and sophistications. The term IFRS has four components �International- Financi

Yuan - Depreciation; Is a Trick?

SAMIR 04 September 2015 at 10:50

It was not surprise for many who were expecting devaluation of Chinese Currency Yuan, however for them also the magnitude of devaluation was surprise. Yuan has weaken by 4.0 % against US $ within a period of two days. Market across the world has take

Concise Note on CSR

Asif Ali 08 August 2015 at 11:22

NOTE ON CSREligibilityEvery company (Private or Public) having Networth of Rs. 500 Crore or more or Turnover of Rs. 1000 Crore or more or Net profit of Rs. 5 Crore or more in any of the 3 preceding Financial years. (Circular 18 June by MCA)Board Cons