Non-Capitalisation of Borrowing Costs

July 16, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS Under Ind-AS/ IFRS, an option is provided to not capitalise borrowing costs in respect of i) qualifying assets […]

Different Reporting Date in case of JV

July 13, 2015 0

Comparison between Indian GAAP and Ind-AS/IFRS The financial statements of the jointly controlled entity used in applying proportionate consolidation are usually drawn up to the […]

Borrowing Costs – ICDS vs Indian GAAP

July 13, 2015 0

Unlike Accounting standard (AS) 16 ‘Borrowing Costs’, ICDS IX relating to Borrowing Costs does not define any minimum period for its classification as a qualifying […]

Discounting of Provisions

July 13, 2015 0

Comparison between Indian GAAP and Ind-AS/IFRS Under Indian GAAP, discounting of liabilities is not permitted and provisions are carried at their full values. However, under […]

Revaluation of Intangible Assets

July 10, 2015 0

Comparison between Indian GAAP and Ind-AS/IFRS Revaluation of Intangible Assets is not allowed under Indian GAAP while the same is not prohibited under IndAS and […]

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