Accounts Articles

Practical approach to implement Ind AS 116

Nirmal Shah 26 February 2019 at 11:13

In this article we will discuss about the accounting treatment in books of lessee only.Basics on applicability of Ind AS 116 �Leases� Ind AS 116 is

Ind AS 116: Brief overview on Ind AS 116 - Leases

Hardik 23 February 2019 at 13:58

Ind AS 116 sets out the principles for the recognition, measurement, presentation, and disclosure of leases.

Revenue recognition under IND-AS and IFRS

CMA Ramesh Krishnan 10 December 2018 at 13:43

Revenue recognition under IND-AS & IFRS � Comparative overview IFRS-15 IAS-115 Applicability Applicable all t

Ind AS Implementation - A strategic issue, not just accounting

Vivek Agarwal 02 November 2018 at 11:27

Ind AS conversion is a strategic issue. The board of directors and management need to explain to the stakeholders on changes and impact arising from the Ind AS ..

Ind AS for NBFC

Vivek Agarwal 15 October 2018 at 17:14

ApplicabilityThe MCA on March 30, 2016 notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016, which includes a road map for implementatio..

Ind AS-115: The New Standard for Revenue Recognition

Damandeep Singh 03 September 2018 at 11:53

Ind AS-115 notified on 28.03.2018 by the Ministry of Corporate Affairs, effective from 01.04.2018.Ind AS-115 provides single comprehensive framework to be used ..

Ind AS 115: Summary IND AS 115 Revenue from Contracts with Customers

CA Vivekanand Pote 23 August 2018 at 10:34

Ind AS 115 deals with Revenue from Contracts with Customers Notified by MCA based on recommendation by ICAI.

Meaning of Deferred Tax Liability & Asset in Simple Words

Vignesh Killur 09 August 2018 at 11:00

Meaning of Deferred Tax Liability & Asset Explained in Simple Words: In Simple words, Deferred Tax Liability is a Provision for Future Taxation. This is in stark Contrast to Provision for Taxation. Provision for Taxation is basically a provision

14 Key Points on Ind AS 16 Property, Plant and Equipment (PPE)

Damandeep Singh 26 July 2018 at 11:45

Ind AS-16 deals with the accounting and depreciation of property, plant, and equipment, which are covered by the corresponding AS-10. Scope. Meaning of Plant, Property and Equipment (PPE), Recognition Principle, Component-Based Accounting, Initial Cost for Recognition, Subsequent Cost, Exchange for Non-Monetary Assets discussed.

Concept of Deferred Tax with examples

CA RK 30 June 2018 at 13:25

Deferred Tax LiabilityExample for FY 2017-18 Particulars As per Books of Accounts As per Income Tax