Accounts Articles

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

Posted by Member (Account Deleted) 10 April 2017 15231 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 14493 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Accounting treatment for derivative contracts was earlier covered by AS 30, 31 & 32 which was withdrawn in March 2011 owing to revision in IAS 39, Financial Ins...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 13207 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 8910 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 10430 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 81368 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...

Ind AS 10: Events occurring after the reporting period

Posted by CA Kishore D 18 January 2017 33191 Views

This article summarizes the key provisions of IndAS10 - Events occurring after the reporting period

Functional Currency - IND-AS/ IFRS

Posted by CA Anuj Agrawal 07 January 2017 8784 Views

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

Posted by CA Anuj Agrawal 04 January 2017 6975 Views

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...