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December 13, 2023

IASB Issues ED on Financial Instruments With Characteristics of Equity | Proposed Amendments to IAS 32, IFRS 7 and IAS 1

Indian Accounting Standards (Ind AS) … Continue reading “IASB Issues ED on Financial Instruments With Characteristics of Equity | Proposed Amendments to IAS 32, IFRS 7 and IAS 1”

Blog, News, Account & Audit

December 13, 2023

ICAI Issues Exposure Draft of Guidance Note on Audit of Banks | 2024 Edition

The Auditing and Assurance Standards … Continue reading “ICAI Issues Exposure Draft of Guidance Note on Audit of Banks | 2024 Edition”

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December 11, 2023

Classification and Presentation of Lease Receivable by Ind AS Compliant NBFC

1. Query G Ltd (herein … Continue reading “Classification and Presentation of Lease Receivable by Ind AS Compliant NBFC”

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December 8, 2023

Treatment of Biological Asset and Agricultural Produce as per Ind AS 41

Para 13 of Ind AS … Continue reading “Treatment of Biological Asset and Agricultural Produce as per Ind AS 41”

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December 7, 2023

Comprehensive Guide to Intangible Assets – Definitions, Attributes, Recognition, Valuation, and Considerations

Table of Contents Definition of … Continue reading “Comprehensive Guide to Intangible Assets – Definitions, Attributes, Recognition, Valuation, and Considerations”

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December 6, 2023

Classification of Restricted Funds Collected on Behalf of the Client Under Financial Statements

A project management consultancy company … Continue reading “Classification of Restricted Funds Collected on Behalf of the Client Under Financial Statements”

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December 5, 2023

Recognition of Interest Accrual on Borrowings Classified as NPA Under Ind AS 109

Para B3.3.1 of Ind AS … Continue reading “Recognition of Interest Accrual on Borrowings Classified as NPA Under Ind AS 109”

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December 4, 2023

Key Takeaways From the Findings of ICAI’s Research Committee on Instances of Misconduct & Gross Negligence

Financial statements provide vital information … Continue reading “Key Takeaways From the Findings of ICAI’s Research Committee on Instances of Misconduct & Gross Negligence”

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December 1, 2023

Determining the Timing for Capitalization in Integrated Irrigation Projects Under Ind AS 16

A government-owned organization involved in … Continue reading “Determining the Timing for Capitalization in Integrated Irrigation Projects Under Ind AS 16”

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November 30, 2023

Accounting for Cancellation and Settlement of Employee Stock Option Plan under Ind AS 102

Para 28 of Ind AS … Continue reading “Accounting for Cancellation and Settlement of Employee Stock Option Plan under Ind AS 102”