Account & Audit

Blog, News, Account & Audit

February 12, 2024

Consequences of Stock Damage After the Reporting Date on NRV for Valuation Purposes

Ind AS 10, Events after … Continue reading “Consequences of Stock Damage After the Reporting Date on NRV for Valuation Purposes”

Blog, News, Account & Audit

February 7, 2024

Expenditure on Training Activities Cannot be Considered as Intangible Asset Under Ind AS 38

Para 95 of Ind AS … Continue reading “Expenditure on Training Activities Cannot be Considered as Intangible Asset Under Ind AS 38”

Blog, News, Account & Audit

February 5, 2024

Customer Identification Under Ind AS 115 When Operating as Principal or Agent Under a Contract

As per Ind AS 115, … Continue reading “Customer Identification Under Ind AS 115 When Operating as Principal or Agent Under a Contract”

News, Blog, Account & Audit

February 3, 2024

Accounting Treatment of Reclassification of a Financial Asset Under Ind AS 109

A company recognises its bonds … Continue reading “Accounting Treatment of Reclassification of a Financial Asset Under Ind AS 109”

Blog, News, Account & Audit

February 2, 2024

Export Incentives Linked to Operations Shall be Classified as ‘Other income’ Under Ind AS 20

When a company become is … Continue reading “Export Incentives Linked to Operations Shall be Classified as ‘Other income’ Under Ind AS 20”

Blog, News, Account & Audit

February 1, 2024

Accounting Treatment for Impairment Loss on Division Held for Sale

As per Ind AS 105, … Continue reading “Accounting Treatment for Impairment Loss on Division Held for Sale”

Blog, News, Account & Audit

January 30, 2024

Interest Income Earned on Fixed Deposits Made Out of Unutilised QIP Funds Should Be Recognised in P&L

Para 21 of Ind AS … Continue reading “Interest Income Earned on Fixed Deposits Made Out of Unutilised QIP Funds Should Be Recognised in P&L”

Blog, Account & Audit

January 30, 2024

Comprehensive Guide to Schedule III & Disclosure Requirements

Table of Contents Applicability Composition … Continue reading “Comprehensive Guide to Schedule III & Disclosure Requirements”

Blog, News, Account & Audit

January 29, 2024

Standby, Stoppage & Borrowing Cost Incurred During Suspension of Project Due to Force Majeure Isn’t Exceptional Item

Due to terror attacks in … Continue reading “Standby, Stoppage & Borrowing Cost Incurred During Suspension of Project Due to Force Majeure Isn’t Exceptional Item”

Blog, News, Account & Audit

January 29, 2024

ICAI has Prepared Draft Bank Branch Auditors’ Panel (MEF) for the Year 2023-24

The Institute of Chartered Accountants … Continue reading “ICAI has Prepared Draft Bank Branch Auditors’ Panel (MEF) for the Year 2023-24”