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ACCOUNTING UNDER IND AS: An Illustrative Manual
Author
Santosh Maller, CA
Specifications
  • ISBN 13 : 9789389714425
  • year : 2020
  • language : English
  • binding : Softcover
Description
Ind AS transition has resulted in high-quality, principles-based, globally comparable financial reporting of large Indian companies. The transition not only impacted the financial results of companies, but also caused far reaching consequential business impact. Since last two years, there have been several changes in Ind AS for example, amendments in the revenue recognition standard and new leases standard has drastically changed the performance reporting in the balance sheet composition of companies. Further, certain Ind AS principles are implicitly complex, for example, the accounting for financial instruments, acquisitions and business combinations are quite nuanced and can get difficult to apply without proper understanding. Key Features: Ind AS analysis and insights explained in simple, easy to understand FAQs. Simplified & concise summaries of Ind AS standards, including Ind AS 116. Complex Ind AS accounting principles explained with simple examples and journal entries. Practical insights on Ind AS implementation issues. Comprehensive coverage of the standards based on recent interpretative issues. Simplified explanations of the requirements of the new standard with simple examples and diagrammatic illustrations. Simple and lucid language.