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February 25, 2026

IASB issued exposure draft on IAS 7 Statement of Cash Flows and IFRS 9 Financial Instruments: Disclosures

The International Accounting Standards Board … Continue reading “IASB issued exposure draft on IAS 7 Statement of Cash Flows and IFRS 9 Financial Instruments: Disclosures”

News, Blog, Account & Audit

February 24, 2026

IAS 1: Proposal for amendment in IAS 1 to improve disclosure about long term debts with covenants.

IAS 1: Presentation of Financial … Continue reading “IAS 1: Proposal for amendment in IAS 1 to improve disclosure about long term debts with covenants.”

Blog, News, Account & Audit

February 24, 2026

Ind AS 16: Treatment of Aviation turbine fuel maintained in storage tank which is not held for sale

As per Ind AS 16 … Continue reading “Ind AS 16: Treatment of Aviation turbine fuel maintained in storage tank which is not held for sale”

Blog, News, Account & Audit

February 16, 2026

Ind AS 2: Valuation and recognition of sub-grade iron ore fines in the books of accounts as an inventory

Ind AS 2 Inventories, states … Continue reading “Ind AS 2: Valuation and recognition of sub-grade iron ore fines in the books of accounts as an inventory”

Blog, News, Account & Audit

November 11, 2021

Audit, disclosure and filing requirements of Limited Liability Partnership

[2021] 132 taxmann.com 62 (Article) … Continue reading “Audit, disclosure and filing requirements of Limited Liability Partnership”

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February 12, 2026

Ind AS 109: Classification of embedded derivatives closely related to host purchase & installation contract

An embedded derivative can only … Continue reading “Ind AS 109: Classification of embedded derivatives closely related to host purchase & installation contract”

Blog, Account & Audit

February 23, 2023

Consignment Accounts | Principles & Practice of Accounting

Table of Contents Account sale … Continue reading “Consignment Accounts | Principles & Practice of Accounting”

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June 2, 2022

The ‘NFRA’ and its ‘Supra’

[2021] 131 taxmann.com 340 (Article) … Continue reading “The ‘NFRA’ and its ‘Supra’”

Blog, News, Account & Audit

February 24, 2026

Issuing a true and fair view on Financial Statements of Company lies with Auditor – Implications due to amendments to Companies Act, 2013

[2021] 131 taxmann.com 300 (Article) … Continue reading “Issuing a true and fair view on Financial Statements of Company lies with Auditor – Implications due to amendments to Companies Act, 2013”

Blog, Account & Audit

February 11, 2026

Financial Instruments: Question Bank and Concept Illustration

1. Ind AS-32 : Financial … Continue reading “Financial Instruments: Question Bank and Concept Illustration”