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Finance & Accounting

What does IAS 10 say about Events after the Reporting P...

IAS 10

There may be a period of time between the balance sheet date (or the reporting date) and the day the financial statements are approved. Some events will oc...

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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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Digital Transformation

What are ‘virtual digital assets’? A detailed Expla...

virtual digital assets

The Budget of 2022 has made the Cryptocurrency investors rife because of the imposition of 30% tax on them. However, mostly people are not aware that the p...

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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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