Accounts Articles

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..

Glitches during Migration to New Accounting System

Jitendra Jain 24 December 2016 at 11:58

Glitches during Migration to New Accounting System

Separate law for Accounting & Auditing Practices

CA Pradeep Garg 13 December 2016 at 10:49

accounting, auditing, IFRS, financial reports, certification etc

Crux of holding company accounts

Vikas kumawat 13 December 2016 at 10:49

CA FINAL (Chapter-5)

Fixed asset Accounting under IFRS

CMA Ramesh Krishnan 17 October 2016 at 11:16

Brief about the treatment of fixed asset under IAS-16 PP&E( IFRS )

Transition Phase: Indian GAAP to Indian Accounting Standards (Ind AS) and related practical issues

Member (Account Deleted) 12 October 2016 at 17:22

As the title itself suggests our point of discussion will be revolving around the first time adoption of Indian Accounting Standards, practical aspects, major impact areas, and approach for implementation.