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Accounts Articles


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



Change in Recognition of Revenue

  CA Aman Agrawal    31 May 2018 at 11:14

PrefaceInternational Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) issued their long-awaited converged standard on revenue



Treatment of Some Special Nature Transactions as per Ind AS 115 / IFRS 15

  CA Kushal Soni    31 May 2018 at 11:14

Treatment of Contract costs Incremental costs of obtaining a contract Costs to fulfil a



Ind AS 115 (based on IFRS 15) Revenue from Contracts with Customers - Simplified

  CA Kushal Soni    25 May 2018 at 11:22

Ind AS 115, Revenue from Contracts with Customers (based on IFRS 15), notified on 28 March 2018 by MCA. The new standard is effective for accounting periods be..



Ind AS 115 - Revenue from Contracts with Customers

  CA Akhil Jain    17 April 2018 at 10:53

Ind AS 115 was notified on March 28, 2018 and establishes a five-step model to account for revenue arising from contracts with customers. The new revenue standa..



The Future of Accounting: Top 5 Trends for 2018 and Beyond

  M.RR CHARYULU    02 April 2018 at 11:49

Accounting plays a key role in the functioning of any business. With global financial crisis in the recent past and a number of businesses expanding on a daily ..



Example on IND-AS 21: Conversion from Functional to Presentation Currency

  CA Aman Agrawal    28 March 2018 at 10:42

Branch A of ABC Limited. Its functional currency is USD. However, Branch A is required by law to present its financial statements in INR as presentation currenc..



Accounting for E-commerce Business

  Chetna Rathi    01 February 2018 at 11:00

Growth of ecommerce has revolutionized the way of conducting the business. The buyer and the sellers are the mere click of the



Accounting Treatment of Spare Parts - Capital Spares

  Karan Khanchandani    20 November 2017 at 12:25

Kabhi kisi �EXTRA� ko �extra� mat samajhna, kyunki kya pata us �extra� ka accounting treatment �EXTRAordinary� h



Summary on Ind AS 24- Related Party Disclosures

  Bhagyashri Jain    28 October 2017 at 14:01

IntroductionInd AS 24 describes the various disclosures to be made by the parent entity regarding its associate