Account & Audit

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January 5, 2024

Accounting Treatment of Incidental Income Derived From Interest-free Funds

Para 21 of Ind AS … Continue reading “Accounting Treatment of Incidental Income Derived From Interest-free Funds”

Blog, News, Account & Audit

January 4, 2024

[Opinion] How to Calculate Goodwill/Capital Reserve in Case of Cross-holding As Per AS-21

CA Bharat Sonkhiya, CA Vikash … Continue reading “[Opinion] How to Calculate Goodwill/Capital Reserve in Case of Cross-holding As Per AS-21”

Blog, News, Account & Audit

January 2, 2024

[Opinion] Interplay of ICDS | Ind AS Borrowing Cost

CA Mohit Manav Sharma & … Continue reading “[Opinion] Interplay of ICDS | Ind AS Borrowing Cost”

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December 30, 2023

Presentation of Amounts Received Under Channel Financing Facility as per Schedule III to the Companies Act, 2013

A company dealing in consumer … Continue reading “Presentation of Amounts Received Under Channel Financing Facility as per Schedule III to the Companies Act, 2013”

Blog, News, Account & Audit

December 29, 2023

[Opinion] Can Auditor Certify Prospective Financial Information (“PFI”)?

CA Bharat Sonkhiya & Namah … Continue reading “[Opinion] Can Auditor Certify Prospective Financial Information (“PFI”)?”

Blog, News, Account & Audit

December 28, 2023

Measurement of Investment Where the Dividend is Declared With a Future Record Date

Ind AS 109, Financial Instruments, … Continue reading “Measurement of Investment Where the Dividend is Declared With a Future Record Date”

Blog, News, Account & Audit

December 27, 2023

[Opinion] Automated Tools in Audit

CA Arpit Gokhroo & Suruchi … Continue reading “[Opinion] Automated Tools in Audit”

News, Blog, Account & Audit

December 26, 2023

Could NFRA Exercises Jurisdiction Beyond Seven Years From the Date of the Auditor’s Report?

Based on information received from … Continue reading “Could NFRA Exercises Jurisdiction Beyond Seven Years From the Date of the Auditor’s Report?”

Blog, News, Account & Audit

December 23, 2023

Determination and Impact of Normal Capacity on Stock Valuation

CA Bharat Sonkhiya, CA Nitin … Continue reading “Determination and Impact of Normal Capacity on Stock Valuation”

Blog, News, Account & Audit

December 22, 2023

Classification of Advance Paid for Land as ‘Land Inventory’ or ‘Advance’ When Neither Possession Nor Sale Deed Executed

A company engaged in the … Continue reading “Classification of Advance Paid for Land as ‘Land Inventory’ or ‘Advance’ When Neither Possession Nor Sale Deed Executed”