Liability for Termination Benefits

October 3, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS Under Ind AS, the liability for termination benefits has to be recognized based on constructive obligation. Indian GAAP […]

Dividend on Redeemable Preference Shares

August 29, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS The difference in the presentation and classification of financial instruments was discussed here. Moving ahead, since redeemable preference […]

Classification of Financial Instruments

August 28, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS Under Indian GAAP, financial instruments are classified in the financial statements on the basis of its legal form. […]

Change in Method of Depreciation

August 27, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS AS 6 ‘Depreciation Accounting’ requires retrospective re-computation of depreciation and any excess or deficit on such re-computation is […]

Prior Period Items

August 23, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS As per AS-5, prior period items are income or expenses which arise in the current period as a […]

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