Account & Audit

Blog, News, Account & Audit

November 23, 2023

ICAI Issues Exposure Draft of Standards on Auditing for Limited Liability Partnerships

The Institute of Chartered Accountants … Continue reading “ICAI Issues Exposure Draft of Standards on Auditing for Limited Liability Partnerships”

News, Blog, Account & Audit

November 22, 2023

Determining Asset Readiness | The Crucial Role of Commissioning Dates in Depreciation Accounting Under Ind AS 16

A company has floated a … Continue reading “Determining Asset Readiness | The Crucial Role of Commissioning Dates in Depreciation Accounting Under Ind AS 16”

Blog, News, Account & Audit

November 21, 2023

Significance of Internal Sales in Calculating Turnover for Segment Reporting Criteria

Para 27 of AS 17, … Continue reading “Significance of Internal Sales in Calculating Turnover for Segment Reporting Criteria”

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November 18, 2023

Impact of Written Put Options on Diluted Earnings Per Share

Para 63 of Ind AS … Continue reading “Impact of Written Put Options on Diluted Earnings Per Share”

Blog, News, Account & Audit

November 16, 2023

A Case Study on the Reliable Estimate of an Obligation Under Ind AS 37

Para 14 of Ind AS … Continue reading “A Case Study on the Reliable Estimate of an Obligation Under Ind AS 37”

Blog, News, Account & Audit

November 10, 2023

Revenue Recognition from Contracts Denominated in Foreign Currency

Para 46 of Ind AS … Continue reading “Revenue Recognition from Contracts Denominated in Foreign Currency”

Blog, News, Account & Audit

November 9, 2023

Treatment of Revaluation Surplus on Re-classification of PPE to “Asset Held for Sale”

Para 41 of Ind AS … Continue reading “Treatment of Revaluation Surplus on Re-classification of PPE to “Asset Held for Sale””

Blog, News, Account & Audit

November 8, 2023

Allocation of Consideration Among Lease Component and Non-lease Component

Para 13 of Ind AS … Continue reading “Allocation of Consideration Among Lease Component and Non-lease Component”

Blog, Account & Audit

August 14, 2024

Understanding the Accounting for Special Transactions with FAQs

Accounting for Special Transactions refers … Continue reading “Understanding the Accounting for Special Transactions with FAQs”

Blog, News, Account & Audit

November 6, 2023

Understanding the Connection Between Foreign Exchange Rate Change and PPE Impairment

Para 25 of Ind AS … Continue reading “Understanding the Connection Between Foreign Exchange Rate Change and PPE Impairment”