Articles by CA Sumit Sarda

Paper Analysis of CA Final (Financial Reporting - New Course) for Nov 20 Exams

Posted by CA Sumit Sarda 28 November 2020 23148 Views

This cycle's Financial reporting paper was quite lengthy. Nonetheless, the paper was not made to be a tricky one. In fact, except for the one question, the whole paper was fairly easy.

Corona and Ind AS

Posted by CA Sumit Sarda 29 June 2020 4535 Views

Coronavirus has led to many issues world around not just in relation to health but also has impact over various other concerns and one such concern is its accounting impact.

Discontinuing a business segment and its accounting impact under Ind AS

Posted by CA Sumit Sarda 18 February 2020 5028 Views

Discontinuing a segment/ department/ branch and its accounting impact under Ind AS

Banks and Ind AS

Posted by CA Sumit Sarda 13 February 2020 6235 Views

In October, 2018, the Ministry of Corporate Affairs notified Division III to Schedule III to the Companies Act, 2013 which contained the format of Financial Sta...

Analysis of CA Final FR New Syllabus Nov'19 paper

Posted by CA Sumit Sarda 08 November 2019 12957 Views

Analysis of CA Final FR New Syllabus Nov'19 paper by CA Sumit Sarda

Analysis of CA Final FR Old Syllabus Nov'19 paper

Posted by CA Sumit Sarda 05 November 2019 60518 Views

Analysis of CA Final FR Old Syllabus Nov'19 paper by CA Sumit Sarda

Provision for decommissioning Ind AS 37

Posted by CA Sumit Sarda 16 July 2019 18715 Views

When a company acquires certain types of Tangible Asset under Ind AS 16, it sometimes has an obligation to remove these assets after the end of their useful liv...

Analysis of Financial Reporting (CA Final - Old / New) Paper May'19

Posted by CA Sumit Sarda 31 May 2019 31100 Views

Analysis of FR CA Final Old syllabus paperThe paper has been lengthy and compared to previous 2 attempts has been difficult. This time ICAI asked questions in w...

How to identify an intangible asset and capitalize?

Posted by CA Sumit Sarda 09 May 2019 10986 Views

Para 8 of Ind AS 38 specifies that �An intangible asset is an identifiable non-monetary asset without physical substance.�Also as per para 8 �

How to determine fair value hedge or cash flow hedge under Ind AS 109

Posted by CA Sumit Sarda 07 May 2019 19478 Views

Hedge accounting as covered under Para 6 of Ind AS 109 needs to determine the TYPE of hedge relationship that an entity is dealing with because the type of hedg...