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 […]

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 […]

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 […]

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