Accounts Articles

De-FACTO Control - Ind-As/ IFRS

Posted by CA Anuj Agrawal 16 August 2017 5761 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 4767 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 6633 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 20782 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 8782 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

Separate law for Accounting & Auditing Practices

Posted by CA Pradeep Garg 11 June 2017 4225 Views

accounting, auditing, IFRS, financial reports, certification etc

Crux of holding company accounts

Posted by Vikas kumawat 11 June 2017 43069 Views

CA FINAL (Chapter-5)

Acquisition of Fixed Assets and their Deferred Tax Impacts

Posted by CA Kunal Narwadkar 08 June 2017 11382 Views

Taxation and accounting treatment of Interest on borrowings & Foreign exchange fluctuations related to acquisition of Fixed Assets and their Deferred Tax Impact...

Principal Vs Agent - Revenue (Gross or Net?) as per Ind-AS/ IFRS

Posted by CA Anuj Agrawal 24 April 2017 5346 Views

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...