CFO Service

Prabhat Nigam

19 Apr, 2022

The component of IAS 27 on Consolidated and Separate Financial Statements that deals with accounting for subsidiaries on consolidation is replaced by IFRS...

Swetha Dhinesh

04 Aug, 2023

Every country has its own set of accounting laws and regulations. However, due to globalisation in the previous few decades, as businesses began to go glob...

Ruchi Gandhi

08 Apr, 2022

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

Ruchi Gandhi

06 Apr, 2022

IFRS 9 is effective for the fiscal years beginning on or after January 1st, 2018, while early adoption is also permitted. The International Accounting Stan...

Ruchi Gandhi

10 Sep, 2022

A parent entity is required by International Accounting Standard 24 to disclose its transactions with associates, joint ventures, or subsidiaries, commonly...

Ashish M. Shaji

06 Apr, 2022

Ind AS refer to Indian Accounting Standards which are converged standards for International Financial Reporting Standards. The existence of Indian Accounti...

Ruchi Gandhi

05 Apr, 2022

IAS 23 addresses whether interest or financing charges of borrowing money should be expensed or capitalized. The standard specifies whether borrowing expen...

Ruchi Gandhi

21 Mar, 2022

IFRS 8 deals with the identification of operating segments of an organization. The underlying concept of IFRS 8 is that an organization should disclose inf...