Articles by CA Anuj Agrawal

Share Application money pending allotment - Ind-AS/ IFRS

Posted by CA Anuj Agrawal 24 February 2017 8965 Views

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

Posted by CA Anuj Agrawal 21 August 2017 7365 Views

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

Posted by CA Anuj Agrawal 19 August 2017 16344 Views

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

Posted by CA Anuj Agrawal 16 August 2017 5785 Views

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

Posted by CA Anuj Agrawal 08 February 2017 10458 Views

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

Posted by CA Anuj Agrawal 21 January 2017 15491 Views

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

Posted by CA Anuj Agrawal 15 July 2017 6663 Views

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

Posted by CA Anuj Agrawal 11 July 2017 20820 Views

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

Posted by CA Anuj Agrawal 07 January 2017 8813 Views

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

Posted by CA Anuj Agrawal 04 January 2017 6997 Views

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...