Statement of Changes in Equity

August 14, 2015 0

Comparison between Indian GAAP and Ind-AS/ IFRS Under IFRS/ Ind-AS, a statement of changes in equity is presented which includes the following information: total comprehensive […]

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 […]

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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