Ind AS Edu

IASB proposes amendments expected to reduce diversity in practice and provide users of financial statements with more comparable and useful information. Read more here - https://bit.ly/3XC9K6n #IFRS #IAS28 #EquityMethod #FinancialReporting #IndAS

Here is a short video explaining 6 accounting treatments when an asset is revalued under Ind AS. Effect on Balance Sheet, Profit and Loss, Other Comprehensive Income and Changes in Equity are demonstrated through a numerical illustration. Watch this video to understand the step-by-step process of the Revaluation Model. #IndAS #FinancialReporting #Accounting #IncomeTax #CA #CharteredAccountant #IFRS

Here is a worked example on how an entity should account for investments in equity instruments that is not held for trading under #IndAS In this example, you will get a conceptual understanding of – 1. Application of Ind AS 109, Ind AS 32 and Ind AS 107 2. Treatment of transaction costs and dividends 3. Paragraph references along with journal entries 4. Disclosures required 5. Related fair value measurement For more such examples, please visit www.indasedu.com #IndAS #FinancialReporting #Accounting #FinancialInstruments #IndAS109 #CA #IFRS #IFR9 #ICAIStudents

Did you know? MCA has notified new accounting standard on 'Insurance Contracts' The new Accounting Standard (#IndAS117), which would be applicable from April 1, 2024, would substantially converge with the #IFRS17, which is now being adopted by over 140 countries since January 1, 2023. The latest MCA move will bring Indian accounting standards closer to global standards. #IndAS #FinancialReporting #Insurance #IFRS #Accounting Read more here - https://lnkd.in/gWvtENwJ

Visit www.indasedu.com and get access to - 1. Free e-books on Ind AS containing comprehensive summary of the standards written in an user-friendly language with more than 1,000 examples 2. Video lectures to make you grasp the standards in detail and gain in-depth practical knowledge 3. Online courses to help you acquire a higher level of understanding of the complexities of Ind AS 4. Worked examples to enable you to correlate between theory and practice 5. Case studies to assist you in applying Ind AS in your workplace And much more!

IRDAI reconstitutes expert committee for #IndAS / #IFRS implementation https://bit.ly/indasedu #Insurance #IFRS17 #IndAS117

#IFRS18 introduces 3 new defined categories and 2 new subtotals to address the challenges that investors face because of the variations in content and structure among companies' Statements of Profit or Loss #Accounting #IFRS #FinancialReporting

Actions against reporting and other accounting irregularities should be an alert to all companies that they should evaluate and affirm compliance with the ASC 606 and IFRS 15 guidelines. http://bit.ly/indas-edu #IFRS15 #ASC606 #RevRec #Accounting #IFRS #IndAS #IndAS115