Investment property as per Ind AS 40 & IAS 40: It is a property (land or a building—or part of a building— or both) held (by the owner or...

Many entities are growing their business and market share through acquisition of other entities. They acquire entities in the same...

An entity interacts with a lot of stakeholders which are key to its survival and growth. They include its employees, customers and...

Many entities provide warranty in addition to the goods sold to their customers. There are many kinds of warranties provided by the...

India has become a global hub for manufacturing and is still on a path of growth. Many large and multi-national entities have been...

Introduction of Ind AS 116 has made significant changes in the accounting for leases in the books of the lessee. The recognition of the...

Many manufacturing and trading entities provide transportation services to their customers in addition to the goods supplied. In this...

Many entities (“B2B” and “B2C”) sell their products to customers with a “Right to Return”. The reason can include industry expectations,...

Many manufacturing and other start-ups get into a transaction in which they seek additional credit terms while purchasing goods and...

Scope of the standard: This standard shall be applied while accounting for all intangible assets (IA), except: IA in the scope of another...

Introduction As per the Ministry of Corporate Affairs notification on 16 February 2015 the first stage of implementation of Ind AS is to...

Initially, all the PPE should be measured at the cost. Elements of cost: The purchase price, including import duties and non-refundable...

Scope of the standard: This standard applies to all PPE unless another standard requires a different treatment. The following are outside...