Accounts Articles

Acquisition of Fixed Assets and their Deferred Tax Impacts

Posted by CA Kunal Narwadkar 08 June 2017 11388 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 5355 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...

Fixed asset Accounting under IFRS

Posted by CMA Ramesh Krishnan 15 April 2017 10842 Views

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

Posted by Member (Account Deleted) 10 April 2017 15250 Views

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.

An Overview of Guidance note on Accounting for derivative Contracts

Posted by Ankit Sharma 08 March 2017 14503 Views

Accounting treatment for derivative contracts was earlier covered by AS 30, 31 & 32 which was withdrawn in March 2011 owing to revision in IAS 39, Financial Ins...

"Commitment fees" and "Processing Fees" on loans - IND AS / IFRS

Posted by CA Anuj Agrawal 27 February 2017 13221 Views

In general terms one can understand that a 'Commitment fees" is being charged for some approved facility

Share Application money pending allotment - Ind-AS/ IFRS

Posted by CA Anuj Agrawal 24 February 2017 8933 Views

It is quite common where an entity provides some amounts as Share Application Money for the sake of allotment of such shares in future.

Reverse Merger : Idea and Vodafone Proposed deal

Posted by CA Anuj Agrawal 08 February 2017 10440 Views

As we all know and perhaps keep a track about all the latest developments related to the proposed merger of Idea and Vodafone, it would be interesting to co-re...

Ind AS -16 Property, Plant & Equipment

Posted by Himanshu Goel 07 February 2017 81386 Views

bjective is to prescribe the accounting treatment for PPE, so that users can recognize information about the entity investment in PPE & changes in investment du...