Accounts Articles

Financial Assets and Liabilities as per IND AS 109

Mandli Ravi Tej 31 August 2019 at 11:21

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

P.R. Sethuraman 06 August 2019 at 11:30

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

CA Sumit Sarda 16 July 2019 at 13:28

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

Anand Krishnakumar 04 July 2019 at 11:26

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

Ind AS 116 - Leases

CA Ankit Jain 24 June 2019 at 11:22

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?

CA Sumit Sarda 09 May 2019 at 11:29

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

CA Sumit Sarda 07 May 2019 at 10:38

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

CA Karan Jain 29 April 2019 at 11:05

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..

IFRS Convergence

Sanyam@1 13 April 2019 at 13:06

1.What is GAAP Conversion?Converting from one GAAP to another GAAP. It often means changing more than just the numbers; there are of

Determination of revenue under construction contract under Ind AS 115

CA Sumit Sarda 11 April 2019 at 11:14

Under the new Ind AS 115, construction contract is treated exactly the same way as any other contract with customers.As per Para 9 of Ind AS 115�An entity