Accounting under IndAS : an illustrative manual / Santosh Maller.

Format:

Book

Author/Creator:

Maller, Santosh, author.

Language:

English

Subjects (All):

Accounting--Standards--India.

Accounting.

Law.

Physical Description:

1 online resource (1,953 pages)

Edition:

Second edition.

Place of Publication:

New Delhi, India : Bloomsbury, [2020]

Summary:

About the book: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.Towards this end, this book attempts to provide insights and in-depth analysis on interpretative issues and complex principles in the Ind AS standards. Ind AS contains extensive presentation and disclosure requirements. The relevant chapters extensively deal with these requirements with illustrative examples. To simplify the reading experience, the chapters include a brief, easy to understand, summary of the relevant standard, followed by Frequently Asked Questions (FAQs) on the chapter.Coronavirus (COVID-19) has also resulted in widespread economic uncertainty and disruption of businesses. There have been far reaching implications on financial reporting. These circumstances would potentially present entities with several challenges when preparing their financial statements. This Edition covers some of the key financial reporting implications by way of FAQs in related chapters that companies need to consider along with the possible approaches that they may consider to dealing with the same keeping in view the business objectives, financial covenants and the accounting standards.This book is intended to help the companies to identify Ind AS requirements that are relevant to them and evaluate various accounting policy choices available under Ind AS. The disclosure related issues would be useful to benchmark with the Ind AS/IFRS disclosures of major companies. Currently, there is limited literature of the Ind AS application issues. This book endeavors to provide guidance on these issues. The book would be an immensely useful referencer for professionals, practitioners and corporates.

Contents:

COVER_Accounting under Ind AS-An Illustrative Manual_2E

Accounting under Ind AS - An Illustrative Manual_2E_PRINT

00_Prelims_Accounting under Ind AS_Santosh Maller_2E

CH01_Property Plant and Equipment UPDATED K T

CH02_Intangible Assets UPDATED K T

CH03_Separate Financial Statements UPDATED K T

CH04_Investment Properties NO CHANGE

CH05_Inventories UPDATED K T

CH06_ Impairment of Assets UPDATED K T

CH07_Provision Contingent Liabilities and Contingent Assets UPDATED K T

CH08_Revenue from Contracts with Customers 181 UPDATED K T

CH09_Government Grants UPDATED K T

CH10_Leases N 21 Nov 19 UPDATED K T

CH11_Capitalisation of Borrowing Cost UPDATED K T

CH12_Foreign Currency Exchange UPDATED K T

CH13_Employee Benefits UPDATED T

CH14_Share Based Payments UP K No Change T

CH15_Income Taxes- Ind AS 12_NEW T

CH16_Financial Instruments- Scope UP K No Change T

CH17_Financial Liabilties and Equity NO CHANGE T

CH18_Classification and Measurement of Financial Assets and Financial Liabilities K T

CH19_Financial Instruments- Recognition and Derecognition NO CHANGE T

CH20_Financial Instruments- Derivatives and Embedded Derivatives unedit NO CHANGE T

CH21_Hedge Accounting UPDATED K T

CH22_Fair Value Measurement UPDATED K T

CH23_Financial Instruments - Presentation &amp

Disclosure UPDATED K T

CH24_Presentation of Financial Statements UPDATED K T

CH25_Operating Segments NO CHANGE T

CH26_Non-Current Assets Held for Sale and Discontinued Operations NO CHANGE T

CH27_Earnings Per Share NO CHANGE T

CH28_Cash Flow Statements (UPDATED) K T

CH29_ Events Occuring After Balance Sheet Date (NO CHANGE) T

CH30_Interim Financial Reporting (NO CHANGE) T

CH31_Related Party Transactions K 19 Nov 19 UPDATED K T

CH32_Consolidated Financial Statements NO CHANGE K T.

CH33_Joint Arrangements NO CHANGE T

CH34_Consolidation Procedures NO CHANGE K T

CH35_Consolidation of Associates and Joint Ventures UPDATED T

CH36_Business Combinations NO CHANGE K T

CH37_Disclosure of Interest in Other Entities NO CHANGE T

CH38_First Time Adoption of Ind AS NO CHANGE T

CH39_Biological Assets Final NO CHANGE T

CH40_Service Concessions Arrangements (NO CHANGE) T.

Notes:

Description based on print version record.

ISBN:

93-90252-07-5

OCLC:

1243552286