Accounts Articles

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Accounting treatment for derivative contracts was earlier covered by AS 30, 31 & 32 which was withdrawn in March 2011 owing to revision in IAS 39, Financial Ins..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

Ind AS 40 : Investment Property

CA Diwakar Jha 24 February 2017 at 12:14

An investment property is a real estate property that has been purchased with the intention of earning a return on the investment (purchase) either through rent (income), the future resale of the property or both.

Ind AS 38 : Intangible Assets

CA Diwakar Jha 23 February 2017 at 10:56

The objective of Ind AS 38 is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Ind AS.

Land Operating or Finance Lease - Ind-As / IFRS

CA Anuj Agrawal 22 February 2017 at 10:59

In the current Indian accounting system, all lands are being shown as fixed assets in the financial statements of any Company and are being depreciated based on..

Proposed Buy back of Shares by TCS- An Accounting perspective-Ind -As/ IFRS

CA Anuj Agrawal 20 February 2017 at 11:01

We all got to hear by now that some major companies in India including Tata Consultancy Services (TCS) are planning to buy back its shares in order to improve e..