Articles by Sanjay Chauhan (IFRS)
View Full Profile
Indian Economic Turbulence - A Comparative View
Finance Minister Pranab Mukherjee on Wednesday, 23rd May 2012, assured Parliament that India's growth story remained intact despite Euro zone crisis and Greece turmoil. Mr. Mukherjee attributed the downward trend in the share markets to the glob
Accounting Deep Discount Bonds - I GAAP & IFRS
A. Zero Coupon Bond (Deep Discount Bond) Zero-coupon bond (also called a discount bond or deep discount bond) is a bond issued at a price lower than its face value, with the face value repaid at the time of maturity. It does not make periodic inte
R & R Expenditure in Land Acquisition - An Accounting Debate
IntroductionWith the growing need to grow, various industrialists in developing nations like India step forward to invest in new manufacturing facilities. One of the key requisite for this activity is Land, on which the upcoming industries will be se
Greedonomics
It is said that there is no end to Greed. The Free Dictionary defines Greed as an excessive or rapacious desire, especially for wealth or possessions. Though, I am not any Economist but a sceptical man, I see the current economi
Hedge Accounting for Foreign Currency Firm Commitments
In Continuation of my previous article.. Application of AS 30 under existing Indian GAAP as per ICAIs announcement: ICAI wide its circular dated 11th February 2011, has clarified that in respect of the financial statements or other financial
Hedging Foreign Currency Firm Commitments
Introduction Institute of Chartered Accountants of India (ICAI) had come out with an announcement in February 2011, on Application of AS 30, Financial instruments: Recognition and Measurement. It was clarified that the prepares of Financial S
IFRS 3 and Goodwill
Introduction: With the introduction of revised schedule VI, India has shown its intent to Converge Indian Accounting Standards (Ind AS) with International Financial Reporting Standards (IFRS) read with 41 International Accounting Standards (IAS) and
Ind AS 16 Industry Impact and Way Forward
In continuation of my previous article, this writeup brings out the brief differences between the two GAAPs and shares the industry impact analysis. Takes away from this article are part of the way forward section at the end. Major differences bet
Convergence to Ind AS 16 : Property, Plant & Equipment
Introduction India has principally agreed to converge to IFRS by implementing Revised Schedule VI, being the first constructive step in the journey. Let us appreciate the requirements of accounting for fixed assets in specific under Ind AS (ie IFR
Functional Currency's consequential Impact on Deferred Tax
In continuation of my previous article, this article highlights the consequential impact of having two sets of functional currency (one for GAAP reporting and other Tax submissions) on deferred tax computation under Ind AS 12, which again is based
Popular Articles
- e-Aadhaar Download 2026: Know the Easy Online Process
- SBI Savings Account Interest Rate For September 2026: Know How Much You Can Earn?
- Income Tax Refund Delay Reasons for AY 2026-27
- Cheque Book New Rules 2026: Check If Your Old One Is Still Valid?
- Canara Bank 444 Days FD Interest Rate for FY 2026-27
- Tax Audit Rules 2026: New Changes, Limits, Forms and Due Dates Explained
- Life Certificate for Pensioners 2026: Eligibility, Benefits and Check Who Can Submit?
- RBI's New Fixed Deposit Rules: What Changes for Depositors from October 2026?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
