Accounts Articles

Treatment of impairment loss while preparing financial statements as per AS, IND AS & IFRS (Latest)

Posted by CMA SIVAKUMAR A,ACMA. 08 October 2019 14328 Views

Impairment means weakening of Asset. As per INDAS and IFRS Standards, entities should include impairment loss in the financial statements.

Financial Assets and Liabilities as per IND AS 109

Posted by Mandli Ravi Tej 31 August 2019 57642 Views

We are in the season of Statutory audit and few people are working in companies where IND AS is applicable, and few are in companies where IND AS is not applicable.

Fair value of Financial Guarantees under Ind AS Regime

Posted by P.R. Sethuraman 06 August 2019 23531 Views

Introduction:Before going into �Financial Guarantee� and further deep into �Corporate Guarantee�, it is better to dive into what is the

Provision for decommissioning Ind AS 37

Posted by CA Sumit Sarda 16 July 2019 18717 Views

When a company acquires certain types of Tangible Asset under Ind AS 16, it sometimes has an obligation to remove these assets after the end of their useful liv...

Applicability of Gratuity in organizations

Posted by Anand Krishnakumar 04 July 2019 9656 Views

For any organisation, accurate computation of liability towards employee benefit is critical to ensure they are suf

Ind AS 116 - Leases

Posted by CA Ankit Jain 24 June 2019 17645 Views

This article aims at covering most of the concepts of recently issued Ind AS 116 by the ICAI and MCA which will supersede the earlier issued s

How to identify an intangible asset and capitalize?

Posted by CA Sumit Sarda 09 May 2019 10988 Views

Para 8 of Ind AS 38 specifies that �An intangible asset is an identifiable non-monetary asset without physical substance.�Also as per para 8 �

How to determine fair value hedge or cash flow hedge under Ind AS 109

Posted by CA Sumit Sarda 07 May 2019 19480 Views

Hedge accounting as covered under Para 6 of Ind AS 109 needs to determine the TYPE of hedge relationship that an entity is dealing with because the type of hedg...

Impact of IND AS 116 on financial statements for the financial year ended March 31, 2019

Posted by CA Karan Jain 29 April 2019 7662 Views

The Ministry of Corporate affairs has notified the new Indian Accounting Standard (Ind AS) 116 Leases on March 30, 2019. As per the notification, this new Ind A...