Hi
amit nice yaar
summary gives overview of the IFRS
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 30 May 2009
Hi
amit nice yaar
summary gives overview of the IFRS
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 02 June 2009
we need to participate but no body is ready to participate
CA.Sachin Bajaj
(Chartered Accountant)
(138 Points)
Replied 22 July 2009
Originally posted by :CA. Amit Daga | ||
" | we need to participate but no body is ready to participate | " |
Yes you are right. Lets start with some basic things. I have small query. I can understand that 13 optional exemptions and 4 mandatory exceptions are provided under IFRS 1. But don't you think that optional exemptions will make the Financial Statements of different entitites uncomparable ?
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 28 July 2009
CA.Sachin Bajaj
(Chartered Accountant)
(138 Points)
Replied 29 July 2009
I have on e query regarding IAS 19-Employee benefits.
Because actuarial gains and losses may fluctuate and reverse over time, IAS 19 does not require immediate recognition of actuarial gains and losses. Instead, an employer may choose to only recognize a portion of the actuarial gains and losses to the extent that the net cumulative unrecognized actuarial gains and losses at the end of the previous reporting period exceeded the greater of: (a) 10 percent of the present value of the defined benefit obligation at that date and (b) 10 percent of the fair value of any plan assets at that date (corridor mechanism).
What does THAT DATE actually refer to ?
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 01 August 2009
Sachin,, in the ifrs there is some thing called Corridor Approach.. which is not exist in our standard.. and in case of employees benefit we need to do the treatment accroding to corridor approach.. and this is nothing only corridor approch.. just read onece u will understand.. but read with example.. ater that still if u have any confusion let me know i will try to help u
CA.Sachin Bajaj
(Chartered Accountant)
(138 Points)
Replied 04 August 2009
Thanks a lot for replying. I just want to know that are you aware of any good book on IFRS which is available in the market (which has examples) ? I checked at ITO, Delhi around 2.5-3 months back and the only book which I was able to find was not very good. I dont rememmber the name of author or publisher but it had a "White Cover" in front.
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 04 August 2009
Sachin .. buy pwc manual.. in the google.. search the cch publication.. Do one thing call in 09880568955 Srinivas.. This guy is sitting in bangalore.. ask him for delhi.. he is a representive of cch publication in india
VIMAL
(ASSISTANT MANAGER FINANCE)
(58 Points)
Replied 05 August 2009
Can we have comparasion between IFRS V/s IAS
Narayanan Balakrishnan
(Chartered Accountant)
(98 Points)
Replied 07 August 2009
Hi Sachin,
The date referred to is the date of acturial valuation.
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 07 August 2009
Valuation is required atleast once in 3 yrs
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 07 August 2009
Valuation is required atleast once in 3 yrs
hari2009
(Executive)
(224 Points)
Replied 18 August 2009
hi amit ,
i am working MNC as executive payroll.
is it useful to me if i joined in IFRS
Please give your valueable suggestion to which course i need to join
C.A Rohit Gambhir
(C.A)
(275 Points)
Replied 18 August 2009
Regarding IAS 19, " THAT DATE " means as given below:
(a) 10% of the present value of the defined benefit obligation at the beginning of the year; and
(b) 10% of the fair value of the plan assets at the same date.
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 19 August 2009
This is called Corridor approach
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)