Accounts Articles

De-FACTO Control - Ind-As/ IFRS

CA Anuj Agrawal 17 February 2017 at 11:42

Ind-As -110 �Consolidated Financial Statements� para B 41-42 defines situation where even an entity holds less than 50% of the voting rights of another entity

IFRS a distant dream, hard to achieve in Indian Scenario

CA Pradeep Garg 15 February 2017 at 11:28

Accounting Standards, ICDS, Schedule III of CA 2013 etc

Reverse Merger : Idea and Vodafone Proposed deal

CA Anuj Agrawal 08 February 2017 at 10:52

As we all know and perhaps keep a track about all the latest developments related to the proposed merger of Idea and Vodafone, it would be interesting to co-re..

Concessional Loans (below market rates) or discounted items sold to employees- Ind-As/ IFRS

CA Anuj Agrawal 16 January 2017 at 11:13

It is quite general practice to provide concessional loans and/ or to provide goods of an entity to its own employees. These are generally treated at their norm..

Financial Guarantees - IND-AS/ IFRS

CA Anuj Agrawal 12 January 2017 at 11:18

There are many situations in businesses where a Parent Company issues some kind of written piece of paper (we usually call it guarantee) to a lender on behalf o..

Functional Currency - IND-AS/ IFRS

CA Anuj Agrawal 06 January 2017 at 11:04

Unlike in current accounting practices in India, there is a need to identify Functional Currency for every entity whose financial statements are being prepared ..

Public-Private Arrangements or Service Concession Arrangements - IND AS/IFRS

CA Anuj Agrawal 04 January 2017 at 10:46

Public related many activities/ services around the world are being given to private entities to build and operate and after certain point of time (depending up..

Derecognition of Financial Liabilities - IND-AS/ IFRS

CA Anuj Agrawal 03 January 2017 at 16:53

As we are gradually moving towards converged IFRS (known as IND-AS in India) in India, there are some rules which have been prescribed by the new accounting standard related to de-recognition of financial liabilities

IND-AS/ IFRS - Write-offs (Banks)

CA Anuj Agrawal 02 January 2017 at 11:02

In this article we will touch upon some potential changes/ differences where regulator and the Standard setters need to provide more clarity in order to make all such accounting treatments consistent across Industry

Equity or Liability? - Ind AS/ IFRS

CA Anuj Agrawal 30 December 2016 at 10:49

After the introduction of IFRS (called IND-AS in Indian perspective) in India, now all instruments that are issued by an entity will not accounted just based on..