Articles by CA Anuj Agrawal

Share Application money pending allotment - Ind-AS/ IFRS

CA Anuj Agrawal 24 February 2017 at 12:15

It is quite common where an entity provides some amounts as Share Application Money for the sake of allotment of such shares in future.

Land Operating or Finance Lease - Ind-As / IFRS

CA Anuj Agrawal 22 February 2017 at 10:59

In the current Indian accounting system, all lands are being shown as fixed assets in the financial statements of any Company and are being depreciated based on..

Proposed Buy back of Shares by TCS- An Accounting perspective-Ind -As/ IFRS

CA Anuj Agrawal 20 February 2017 at 11:01

We all got to hear by now that some major companies in India including Tata Consultancy Services (TCS) are planning to buy back its shares in order to improve e..

De-FACTO Control - Ind-As/ IFRS

CA Anuj Agrawal 17 February 2017 at 11:42

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

Reverse Merger : Idea and Vodafone Proposed deal

CA Anuj Agrawal 08 February 2017 at 10:52

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..

Associates - Key accounting changes - Ind-AS/IFRS

CA Anuj Agrawal 19 January 2017 at 10:32

As India moves towards International Financial Reporting Standards (Ind-AS/ IFRS) requirements gradually, there are some fundamental changes which are imperativ..

Concessional Loans (below market rates) or discounted items sold to employees- Ind-As/ IFRS

CA Anuj Agrawal 16 January 2017 at 11:13

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

CA Anuj Agrawal 12 January 2017 at 11:18

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

CA Anuj Agrawal 06 January 2017 at 11:04

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

CA Anuj Agrawal 04 January 2017 at 10:46

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..