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Accounts Articles


Principal Vs Agent - Revenue (Gross or Net?) as per Ind-AS/ IFRS

  CA Anuj Agrawal    21 April 2017 at 10:58

Many times Goods and Services are being sold/ rendered by using different kind of arrangements/ entities based on terms and conditions which could change Revenu..



Intangible Assets - Finite or Indefinite life?

  CA Anuj Agrawal    19 April 2017 at 11:23

Intangible Assets are being recognized when it falls under the category of an Asset which has no physical substance and it is a non-monetary item and having ide..



Take or Pay long term commodities contracts - Ind AS/ IFRS

  CA Anuj Agrawal    17 April 2017 at 11:27

There would be many instances where a long term commodity purchase or sale agreement are being entered between the parties where there is a quantity to be deliv..



Appointed date Vs. Acquisition date - Acquisition of Business per Ind AS

  CA Anuj Agrawal    11 April 2017 at 11:39

Acquisition of business is quite common in today's fast moving dynamics of the world and every such stakeholder of the entity would be interested to know all im..



Convertible Bonds Calculations - Equity & Liability portion - Ind AS/ IFRS

  CA Anuj Agrawal    31 March 2017 at 11:01

Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity & Liability and its related Journal ..



Option to buy Shares given - Vodafone Idea Merger

  CA Anuj Agrawal    22 March 2017 at 11:02

Recent news on approving merger of Vodafone & Idea at their board level has given many questions related to its accounting under the new framework i.e. Ind-As. ..



An Overview of Guidance note on Accounting for derivative Contracts

  Ankit Sharma    08 March 2017 at 12:56

Accounting treatment for derivative contracts was earlier covered by AS 30, 31 & 32 which was withdrawn in March 2011 owing to revision in IAS 39, Financial Ins..



Indian Accounting Standards: Employee benefits perspective

  NKamal    06 March 2017 at 11:23

This article provides a brief introduction to Ind AS, what impact this will have on Defined Benefit schemes and how to prepare for the transition.



"Commitment fees" and "Processing Fees" on loans - IND AS / IFRS

  CA Anuj Agrawal    27 February 2017 at 11:24

In general terms one can understand that a 'Commitment fees" is being charged for some approved facility



Share Application money pending allotment - Ind-AS/ IFRS

  CA Anuj Agrawal    24 February 2017 at 12:15

It is quite common where an entity provides some amounts as Share Application Money for the sake of allotment of such shares in future.