Accounts Articles

An insight to IND AS 10 - Events After the Reporting Period

Posted by CA Kushal Soni 23 March 2019 19810 Views

To understand any accounting standard in a better way, it is of most importance to know objective o

Ind AS-115: The New Standard for Revenue Recognition

Posted by Damandeep Singh 02 March 2019 37060 Views

Ind AS-115 notified on 28.03.2018 by the Ministry of Corporate Affairs, effective from 01.04.2018.Ind AS-115 provides single comprehensive framework to be used ...

Practical approach to implement Ind AS 116

Posted by Nirmal Shah 26 February 2019 72434 Views

In this article we will discuss about the accounting treatment in books of lessee only.Basics on applicability of Ind AS 116 �Leases� Ind AS 116 is

Concept of Deferred Tax with examples

Posted by CA RK 27 December 2018 15980 Views

Deferred Tax LiabilityExample for FY 2017-18 Particulars As per Books of Accounts As per Income Tax

Change in Recognition of Revenue

Posted by CA Aman Agrawal 27 November 2018 8594 Views

PrefaceInternational Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) issued their long-awaited converged standard on revenue

Treatment of Some Special Nature Transactions as per Ind AS 115 / IFRS 15

Posted by CA Kushal Soni 27 November 2018 9841 Views

Treatment of Contract costs Incremental costs of obtaining a contract Costs to fulfil a

Ind AS 115 (based on IFRS 15) Revenue from Contracts with Customers - Simplified

Posted by CA Kushal Soni 21 November 2018 14487 Views

Ind AS 115, Revenue from Contracts with Customers (based on IFRS 15), notified on 28 March 2018 by MCA. The new standard is effective for accounting periods be...

Ind AS 115 - Revenue from Contracts with Customers

Posted by CA Akhil Jain 14 October 2018 6440 Views

Ind AS 115 was notified on March 28, 2018 and establishes a five-step model to account for revenue arising from contracts with customers. The new revenue standa...

The Future of Accounting: Top 5 Trends for 2018 and Beyond

Posted by M.RR CHARYULU 29 September 2018 11413 Views

Accounting plays a key role in the functioning of any business. With global financial crisis in the recent past and a number of businesses expanding on a daily ...

Example on IND-AS 21: Conversion from Functional to Presentation Currency

Posted by CA Aman Agrawal 24 September 2018 10315 Views

Branch A of ABC Limited. Its functional currency is USD. However, Branch A is required by law to present its financial statements in INR as presentation currenc...