IND AS

What is IASB, FASB, IFRS, Ind AS and US GAAP?. Everything you want to Know about for IASB, FASB, IFRS, Ind AS, Indian GAAP US GAAP etc. In this article you can find complete details for IASB, FASB, IFRS, Ind AS and US GAAP like - What is…

Ind AS 10: It is impossible for any company to present the information on the same day, as the day of reporting. There would always be a gap between the end of the period for which financial statements are presented and the date on which…

IndAS 10 Event Occurring After the Reporting Period. The Standard requires that an entity should not prepare its financial statements on a going concern basis if events after the reporting period indicate that the going concern assumption…

Ind AS 1, Presentation of Financial Statements: Ind AS 1 prescribes the basis for presentation of general purpose financial statements to ensure comparability both with the entity’s financial statements of previous periods and with…

IND AS 36 Impairment of Assets, Check Summary of IND AS 36 Impairment of Assets. The objective of Ind AS 36 is to prescribe the procedures that an entity applies to ensure that its assets are carried at no more than their recoverable…

IndAS 23 Borrowing Costs: Definition, Scope, Treatment, Disclosure: It is quite common where an entity borrow funds for meeting its various business needs like acquisition of building, day to day operations etc. On such borrowed funds an…

IndAS 2 - The objective of this Standard is to prescribe the accounting treatment for inventories. This Standard provides the guidance for determining the cost of inventories and for subsequent recognition as an expense, including any…

List of Ind AS Notified by MCA - Indian Accounting Standards. Ministry of corporate affairs issued list of Indian Accounting Standards (IndAS), Here we are providing complete list of IndAS notified by MCA. Indian Accounting…

IndAS 7, Statement of Cash Flows: Ind AS 7 prescribes principles and guidance on preparation and presentation of cash flows of an entity from operating activities, investing activities and financing activities for a reporting…

Ind AS 40 Investment Property. The objective of IndAS 40 is to prescribe the accounting treatment for investment property and related disclosure requirements. Investment property is property (land or a building—or part of a building—or…

Ind AS 7 Statement of Cash Flows - Ind AS 7 prescribes principles and guidance on preparation and presentation of cash flows of an entity from operating, investing and financing activities for a reporting period. The objective of Ind AS 7…

Ind AS 33, Earnings per Share : The objective of Ind AS 33 is to prescribe principles for the determination and presentation of earnings per share, so as to improve performance comparisons between different entities in the same…