Finance & Accounting

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Finance & Accounting

A detailed guide on IAS 8: Accounting policies and chan...

IAS 8

The goal of this Accounting Standard, i.e., IAS 8 is to regulate the criteria for choosing and revising accounting policies, as well as the accounting trea...

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Financial Reporting

Considerations in IFRS 2: Share-based payment transacti...

Share-based payment transactions

The International Financial Reporting Standard (IFRS 2) requires a company to record share-based payment transactions in its financial statements, which in...

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Finance & Accounting

A summary of IAS 7: Statement of cash flows

Statement of cash flows

The purpose of this Standard is to necessitate the presentation of information regarding a corporation's historical changes in cash and cash equivalents th...

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Financial Reporting

A Detailed Overview of IFRS 1

A detailed overview of IFRS 1

The IASB is in charge of establishing IFRS and approving interpretations of those standards. The International Financial Reporting Standards (IFRS) are des...

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Finance & Accounting

Applicability of Accounting standards on Mergers &...

Applicability of Accounting standards on Mergers & Acquisitions - Ind AS 103 and AS 14

There is no uniform accounting standard that governs accounting procedures and disclosures in situations where one business gains control of another. The a...

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Finance & Accounting

Upcoming Future of Financial Services: An Overview

Upcoming Future of Financial Services

The pandemic accelerated the process of digitization and digital engagement of the financial services which was already gaining its ground at a gradual pac...

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Finance & Accounting Startup

Common errors in Ind AS financial statements – Ob...

Observations by FRRB

The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) is established as a proactive tool to enhance financi...

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Finance & Accounting

Impact of New Companies (Accounting Standards) Rules, 2...

Impact of New Companies (Accounting Standards) Rules, 2021 issued by MCA

The Companies (Accounting Standards) Rules, 2021 were published on June 23rd, 2021 by the Ministry of Corporate Affairs under the Companies Act, 2013. Such...

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