9870310368 8860712800

Ruchi Gandhi

A CA together with MBA (Fin) and M Com, she relishes taking interest in insightful writing in the domain of taxation and finance. She has gained experience as a full-time author and has also served an accounting role in industry.

Apr 08 2022

An overview of IAS 26 on Retirement Benefit Plans

IAS 26 establishes the measurement and disclosure criteria for reporting retirement benefit schemes. All plans must provide a statement of changes in net assets available for benefits, a summary of...

Apr 06 2022

A brief overview of IFRS 9 on Financial Instruments

IFRS 9 is effective for the fiscal years beginning on or after January 1st, 2018, while early adoption is also permitted. The International Accounting Standards Board (or IASB) created IFRS...

Apr 06 2022

A summary of IAS 24 on Related Party Disclosures

A parent entity is required by International Accounting Standard 24 to disclose its transactions with associates, joint ventures, or subsidiaries, commonly referred to as related party transactions. As a result,...

Apr 05 2022

All you need to know about IAS 23 on Borrowing Costs

IAS 23 addresses whether interest or financing charges of borrowing money should be expensed or capitalized. The standard specifies whether borrowing expenses must be capitalized and, if so, for how...

An insight into Negotiated Transfer Pricing

Negotiation between the purchasing and selling divisions might determine the transfer price. This would be reasonable if it could be anticipated that such discussions would lead to conclusions that were...

An overview of Cost-based transfer pricing

Companies encourage intra-company commerce and purchasing between divisions in order to optimize profits and improve competition. The transfer price is the price of moving goods from one division to another....

All you need to know about Market-Based Transfer Pricing

For corporations with a small number of subsidiaries, simple supply chains, in which commodities are moved from one division to another, function well. But what about large corporations that control...

Mar 21 2022

Identification of Operating Segments under IFRS 8

IFRS 8 deals with the identification of operating segments of an organization. The underlying concept of IFRS 8 is that an organization should disclose information that allows readers of its...

Mar 21 2022

GAAR accounting and its Scope to combat tax evasion

The provisions for General Anti-Avoidance Rules ('GAAR') were added to the Income Tax Act of 1961 ('Act') on April 1, 2017, by way of introduction of Chapter-XA. According to the...

Mar 14 2022

Significant disclosure under IFRS 7 for Financial Instruments

IFRS 7 is one of three IFRSs that apply to financial instruments: IAS 32, IAS 39, and IFRS 7. IAS 39 is being revised in stages; a portion of the...

Mar 03 2022

IAS 20 on Government Grants and Assistance

IAS 20 deals with the accounting of government grants and other types of government assistance. This Standard applies to financial statements for fiscal years starting on or after January 1,...

Mar 03 2022

Implementation of IFRS 6 for Exploration of Mineral Resources

IFRS 6 is devoted to assets derived from the exploration and utilization of natural mineral resources. It should be noted that IAS 16 on property, plant, and equipment does not apply...

1 2 3 11
Hey I'm Suman. Let's Talk!