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 […]

Convergence with IFRS

August 8, 2015 1

By Simrat Jeet Singh The Ministry of Corporate Affairs has notified the much awaited Companies Indian Accounting Standards Rules, 2015 on 16th February, 2015. The notification […]

The infamous Satyam Accounting Scam

July 29, 2015 2

By CA Prashant Kumar Dutt Brief Snippets on the Satyam Scam September 30, 2008 – The Balance Sheet of Satyam as at September 30, 2008 […]

Deferred Tax Expense Calculation

July 28, 2015 2

Comparison between Indian GAAP and Ind-AS/ IFRS Under Indian GAAP, deferred tax expense is an aggregation from separate financial statements of each group entity and […]

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 […]

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