Accounts Articles

New Lease Accounting Standard

Nidhi 29 May 2017 at 11:11

Article on how are the entities as "Lessee" in a lease contract getting ready for FASB- ASC 842 implementation? What are some the important points

Protective Rights - If to consider for controlling percentage?

CA Anuj Agrawal 18 May 2017 at 11:19

While analyzing the control aspect on any investments made by an entity, we usually go by the definition which suggests that while evaluating such rights which ..

Hedge Accounting - What is allowed to be hedged?

CA Anuj Agrawal 12 May 2017 at 11:11

Simple answer is to mitigate all expected losses or adverse effect on fair values of any balance sheet items (e.g. Investments etc) or an effect on Profit/Loss ..

Hedge Accounting - Risk Management 'Strategy' vs Risk Management 'Objectives'

CA Anuj Agrawal 08 May 2017 at 10:39

Several of our readers requested to have clarity on Hedge Accounting, However it will indeed be a very long topic hence from now onwards, we will start taking t..

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. ..