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 […]

Impact of Tax standard on MAT

July 22, 2015 0

Income Computation and Disclosure Standards (ICDS) are meant for computation of income under normal provisions of the Act. Thus, ICDS, as such, should not have […]

Declaration of Final Dividend

July 20, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS As per the requirements of AS 4, dividends in respect of the period covered by the financial statements, […]

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 […]

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 […]

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