Accounts Articles

Ind AS 40 : Investment Property

Posted by CA Diwakar Jha 23 August 2017 40425 Views

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.

Land Operating or Finance Lease - Ind-As / IFRS

Posted by CA Anuj Agrawal 21 August 2017 7335 Views

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

Posted by CA Anuj Agrawal 19 August 2017 16332 Views

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...

De-FACTO Control - Ind-As/ IFRS

Posted by CA Anuj Agrawal 16 August 2017 5769 Views

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

Posted by CA Pradeep Garg 14 August 2017 4773 Views

Accounting Standards, ICDS, Schedule III of CA 2013 etc

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

Posted by CA Anuj Agrawal 15 July 2017 6640 Views

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

Posted by CA Anuj Agrawal 11 July 2017 20792 Views

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...

Derecognition of Financial Liabilities - IND-AS/ IFRS

Posted by CA Anuj Agrawal 02 July 2017 8787 Views

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