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 […]

Presentation of Extraordinary Items

July 19, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS Under Indian GAAP, extraordinary items are disclosed separately in the statement of profit and loss and are included […]

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 […]

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 […]

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