Account & Audit

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February 3, 2024

Accounting Treatment of Reclassification of a Financial Asset Under Ind AS 109

A company recognises its bonds … Continue reading “Accounting Treatment of Reclassification of a Financial Asset Under Ind AS 109”

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February 2, 2024

Export Incentives Linked to Operations Shall be Classified as ‘Other income’ Under Ind AS 20

When a company become is … Continue reading “Export Incentives Linked to Operations Shall be Classified as ‘Other income’ Under Ind AS 20”

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February 1, 2024

Accounting Treatment for Impairment Loss on Division Held for Sale

As per Ind AS 105, … Continue reading “Accounting Treatment for Impairment Loss on Division Held for Sale”

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January 30, 2024

Interest Income Earned on Fixed Deposits Made Out of Unutilised QIP Funds Should Be Recognised in P&L

Para 21 of Ind AS … Continue reading “Interest Income Earned on Fixed Deposits Made Out of Unutilised QIP Funds Should Be Recognised in P&L”

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January 30, 2024

Comprehensive Guide to Schedule III & Disclosure Requirements

Table of Contents Applicability Composition … Continue reading “Comprehensive Guide to Schedule III & Disclosure Requirements”

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January 29, 2024

Standby, Stoppage & Borrowing Cost Incurred During Suspension of Project Due to Force Majeure Isn’t Exceptional Item

Due to terror attacks in … Continue reading “Standby, Stoppage & Borrowing Cost Incurred During Suspension of Project Due to Force Majeure Isn’t Exceptional Item”

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January 29, 2024

ICAI has Prepared Draft Bank Branch Auditors’ Panel (MEF) for the Year 2023-24

The Institute of Chartered Accountants … Continue reading “ICAI has Prepared Draft Bank Branch Auditors’ Panel (MEF) for the Year 2023-24”

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January 27, 2024

Accounting for Compound Share-Based Payment Option Under Ind AS 102

Para 35 of Ind AS … Continue reading “Accounting for Compound Share-Based Payment Option Under Ind AS 102”

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January 24, 2024

Type of Packing Material to Be Included in the Cost of Inventory As Per Ind AS 2

FAQ given under the Educational … Continue reading “Type of Packing Material to Be Included in the Cost of Inventory As Per Ind AS 2”

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January 23, 2024

Allocation of Fixed Production Overheads to Determine the Cost of Inventory Under Ind AS 2

Para 12 of Ind AS … Continue reading “Allocation of Fixed Production Overheads to Determine the Cost of Inventory Under Ind AS 2”