Accounting Under Indas An Illustrative Manual
DOWNLOAD
Download Accounting Under Indas An Illustrative Manual PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Accounting Under Indas An Illustrative Manual book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Accounting Under Indas An Illustrative Manual
DOWNLOAD
Author : Santosh Maller
language : en
Publisher: Bloomsbury Publishing
Release Date : 2021-05-15
Accounting Under Indas An Illustrative Manual written by Santosh Maller and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-15 with Business & Economics categories.
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.
Accounting Under Ind As An Illustrative Manual 3e
DOWNLOAD
Author : Santosh Maller
language : en
Publisher: Bloomsbury Publishing
Release Date : 2021-09-20
Accounting Under Ind As An Illustrative Manual 3e written by Santosh Maller and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-20 with Business & Economics categories.
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. The book 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.
Taxmann S Ind As Ready Reckoner Updated Amended Reference Manual With Practical Lucid Explanations Illustrations Process Flow Charts Faqs To Decode Complex Ind As For Professionals
DOWNLOAD
Author : CA Ravi Kanth Miriyala & CA Sunitanjani Miriyala
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2021-08-10
Taxmann S Ind As Ready Reckoner Updated Amended Reference Manual With Practical Lucid Explanations Illustrations Process Flow Charts Faqs To Decode Complex Ind As For Professionals written by CA Ravi Kanth Miriyala & CA Sunitanjani Miriyala and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-10 with Law categories.
Ind AS Ready Reckoner is a simple & practical workbook on Ind AS [as amended by the Companies (Indian Accounting Standards) Amendment Rules 2021] to guide the members in practice/employment in their day-to-day works. This book will help the professionals cope with various developments in the accounting standards’ area, which has become complex after Ind AS has started aligning with its global counterpart. The Present Publication is the Latest Edition, authored by CA Ravi Kanth Miriyala & CA Sunitanjani Miriyala, amended up to July 2021, with the following noteworthy features: · [Most Updated & Amended] This book incorporates the latest amendments under Companies (Indian Accounting Standards) (Amendment) Rules, 2021 · [Practical & Lucid Explanations/Illustrations/Process Flow Charts] are provided in this book for members in practice/employment, to act as a one-stop reference manual on complex matters, without diluting the content of Standards · [Definitions & Applications Guidance with Basis of Conclusion] are incorporated in critical chapters and wherever it is necessary to understand the reasoning · [FAQs & Illustrative Examples] This book also incorporates FAQs of educational material issued by the ICAI and illustrative examples issued by the IASB · [Ind AS vs AS & Ind AS vs IFRS] Covers the differences between Ind AS & AS as well as Ind AS & IFRS, at the end of every standard The detailed contents of the book are as follows: · Ind AS 1 – Presentation of Financial Statements · Ind AS 2 – Inventories · Ind AS 7 – Statement of Cash Flow · Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors · Ind AS 10 – Events after the Reporting Period · Ind AS 12 – Income Taxes · Ind AS 16 – Property, Plant and Equipment (PPE) · Ind AS 19 – Employee Benefits · Ind AS 20 – Accounting for Government Grants · Ind AS 21 – The Effects of Changes in Foreign Exchange Rates · Ind AS 23 – Borrowing Costs · Ind AS 24 – Related Party Disclosures · Ind AS 27 – Separate Financial Statements · Ind AS 28 – Investment in Associates and Joint Ventures · Ind AS 33 – Earnings Per Share (EPS) · Ind AS 34 – Interim Financial Reporting (IFR) · Ind AS 36 – Impairment of Assets · Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets · Ind AS 28 – Intangible Assets · Ind AS 40 – Investment Property · Ind AS 41 – Agriculture · Ind AS 101 – First-time Adoption of Indian Accounting Standards · Ind AS 102 – Share-Based Payments · Ind AS 103 – Business Combinations · Ind AS 104 – Insurance Contracts · Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations · Ind AS 106 – Exploration for and Evaluation of Mineral Resources · Ind AS 108 – Operating Segments · Ind AS 109, 32 & 107 – Financial Instruments · Ind AS 110 – Consolidated Financial Statements · Ind AS 111 – Joint Arrangements · Ind AS 112 – Disclosure of Interest in Other Entities · Ind AS 113 – Fair Value Measurement · Ind AS 114 – Regulatory Deferral Accounts · Ind AS 115 – Revenue from Contracts with Customers · Ind AS 116 – Leases
Bharat S Illustrated Manual On Ind As Ifrs
DOWNLOAD
Author : Kamal Garg
language : en
Publisher:
Release Date : 2016
Bharat S Illustrated Manual On Ind As Ifrs written by Kamal Garg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Accounting categories.
Quick Guide To Impact Of Covid 19 On Financial Reporting 2e
DOWNLOAD
Author : Santosh Maller
language : en
Publisher: Bloomsbury Publishing
Release Date : 2021-09-20
Quick Guide To Impact Of Covid 19 On Financial Reporting 2e written by Santosh Maller and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-20 with Business & Economics categories.
About the book 2020 has been a year shaped up by Coronavirus (COVID-19). This pandemic has resulted in widespread economic uncertainty and disruption of businesses across the world. There have been far reaching implications on financial reporting and this may continue for next couple of years. These circumstances potentially present entities with several challenges when preparing their financial statements for year ended 31 March 2021 and subsequent financial results. This book covers some of the key financial reporting implications that companies need to consider and, also, possible approaches that they may consider to dealing with the same keeping in view the business objectives, financial covenants and the accounting standards. Key consideration under COVID-19 for financial reporting consist of: asset impairment; inventory valuations and write downs; revenue recognition; debt covenants and debt servicing; lease rental concessions; foreign exchange accounting and losses/gains due to extreme volatility; litigation resulting from contractual defaults, invocation of force majeure clauses and potential exposure; Insurance claims for losses during shutdown period or loss of lives; and going concern. The Companies shall ensure that they provide sufficient disclosures in the notes to the financial statements with information about the entity that's useful to existing and potential investors, creditors, lenders, and other stakeholders. This book highlights the existing financial reporting requirements under Companies (Indian Accounting Standards) Rules, 2015 and Companies (Accounting Standards) Rules, 2006 that should be considered when addressing the financial effects of COVID 19 when preparing annual financial statements and possible audit approaches that can be considered relevant. The role of auditors at this stage would be under increased scrutiny as the auditors have responsibility to complete the audit work in accordance with professional standards and ethics requirements. Under the current circumstances, auditors must recognize that the manner in which they conducted the audits in the past may need significant modification to address the challenges and uncertainties arising out of the impact of COVID-19. Additionally, irrespective of the challenges and uncertainties, there should not be any dilution in the reporting or non-compliance with the auditing standards in carrying out the audits. This book is an attempt to cover the requirements of the accounting standards and auditing standards, with illustrative examples and COVID-19 related extracts from published financial statements of companies. The readers would find this book very useful. Key Features Covering: - Key accounting impact, with real-life examples and illustrations, under Ind AS and AS due to COVID-19. - Key COVID-19 considerations under auditing standards with real-life examples of KAM/EOM/qualifications in audit reports. - Real-life practical examples and extracts from Companies' financial statements/results. - Simple and concise summaries of accounting and auditing literature.
Quick Guide To Impact Of Covid 19 On Financial Reporting 1e
DOWNLOAD
Author : Santosh Maller
language : en
Publisher: Bloomsbury Publishing
Release Date : 2020-06-30
Quick Guide To Impact Of Covid 19 On Financial Reporting 1e written by Santosh Maller and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-30 with Business & Economics categories.
Coronavirus (COVID-19) has been rightly described as an unprecedented human, economic and financial crisis facing the world. This pandemic has resulted in widespread economic uncertainty and disruption of businesses. COVID-19 has and will have far reaching implications on financial reporting. These circumstances would potentially present entities with several challenges when preparing their financial statements for year/quarter ended 31 March 2020. This book, covers some of the key financial reporting implications that companies need to consider and also, possible approaches that may be considered while dealing with the same up-keeping in view of the business objectives, financial covenants and the accounting standards. The key aspects impacted by COVID-19 for financial reporting are: asset impairment; inventory valuations and write downs; revenue recognition; debt covenants and debt servicing; foreign exchange accounting and losses/gains due to extreme volatility; litigation resulting from contractual defaults, invocation of force majeure clauses and potential exposure; insurance claims for losses during shutdown period or loss of lives; and going concern. The companies shall ensure that they provide sufficient disclosures in the notes to the financial statements with information about the entity that's useful to existing and potential investors, creditors, lenders, and other stakeholders. This book highlights the existing financial reporting requirements under Companies (Indian Accounting Standards) Rules, 2015 and Companies (Accounting Standards) Rules, 2006 that should be considered when addressing the financial effects of COVID 19 while preparing annual financial statements and possible audit approaches that can be considered relevant. The role of auditors at this stage would be under increased scrutiny as the auditors have a public interest obligation to complete the audit work in accordance with professional standards and ethics requirements. Under the current circumstances, auditors must recognise that the manner in which they conducted the audits in the past may need significant modification to address the challenges and uncertainties arising out of the impact of COVID-19. Additionally, irrespective of the challenges and uncertainties, there should not be any dilution in the reporting or non-compliance with the auditing standards in carrying out the audits. This book is an attempt to cover the requirements of the accounting standards and auditing standards, with illustrative examples and COVID-19 related extracts from published financial statements of companies.
Taxmann S Guide To Indian Accounting Standards Ind As Based On Ifrs Official Pronouncements Set Of 2 Volumes 5th Edition August 2020
DOWNLOAD
Author : Taxmann
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2020-08-29
Taxmann S Guide To Indian Accounting Standards Ind As Based On Ifrs Official Pronouncements Set Of 2 Volumes 5th Edition August 2020 written by Taxmann and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-29 with Law categories.
Treatise On Ind As
DOWNLOAD
Author : CA (Dr.) Alok K. Garg
language : en
Publisher: Bloomsbury Publishing
Release Date : 2021-09-23
Treatise On Ind As written by CA (Dr.) Alok K. Garg and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-23 with Business & Economics categories.
About the Book “Treatise on Ind AS” provides a deep dive into Indian Accounting Standards (Ind AS). The book comes to the rescue of those looking for conceptual clarity, application guidance, practical reference to listed companies, comparison of new set of standards with old and global set of standards. It is a one stop shop for all Ind AS related guidance. Key Features - Comprehensive commentary on Ind AS with Conceptual Explanations, Case studies and Examples. - References to published disclosures of Listed Companies on major concepts of Ind AS. - More than 1,000 MCQs with detailed analysis covering all Ind AS. - FAQs on Overview and Applicability/ Roadmap for implementation of Ind AS . - Lucid commentary on complex topics such as Leases, Revenue, Financial Instruments, Business Combination, Consolidation, Share-Based Payment etc. with practical examples and case studies. - Practical issues on Ind AS including analysis of ITFG bulletins and Education Material. - Detailed comparison of Ind AS, Indian GAAP, IFRS and ICDS. - Updated with the Companies (Ind AS) Amendment Rules, 2021.
Manual Of Accounting
DOWNLOAD
Author : PricewaterhouseCoopers (Firm)
language : en
Publisher:
Release Date : 2012
Manual Of Accounting written by PricewaterhouseCoopers (Firm) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Accounting categories.
Iibf X Taxmann S Bankers Handbook On Accounting Essential Resource For Professionals Focusing On The Multifaceted And Dynamic Nature Of Banking Accounting From Fundamentals To Advanced Practices
DOWNLOAD
Author : Indian Institute of Banking & Finance
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-01-06
Iibf X Taxmann S Bankers Handbook On Accounting Essential Resource For Professionals Focusing On The Multifaceted And Dynamic Nature Of Banking Accounting From Fundamentals To Advanced Practices written by Indian Institute of Banking & Finance and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-06 with Law categories.
This comprehensive guide is essential for understanding the multifaceted and dynamic nature of banking accounting. It meticulously covers every aspect of the field, from foundational principles to advanced accounting standards. It provides a deep understanding of the processes and practices pivotal in shaping financial reporting in the banking sector. It underscores the interlinkage and importance of an organisation's robust accounting and auditing systems. It serves as an essential resource for understanding the intricacies of banking accounting, covering the following: • Fundamental Principles of Accounting • Financial Statements of Banks • Preparation of Financial Statements of Banks & Taxation • Accounting Standards (Ind AS) The current edition has also been updated based on banking experts and internal faculty feedback, focusing on practicality and current digital trends. It is an invaluable resource for students, professionals, and anyone interested in banking accounting. It is structured to cater to both beginners and seasoned practitioners The Present Publication is the 2024 Edition, updated by Ms Anita Toshniwal | Chartered Accountant. Taxmann exclusively publishes this book for the Indian Institute of Banking and Finance with the following coverage: • Module A – Fundamentals of Accounting o Accounting | An Introduction – Explore the nature, purpose, and historical perspectives of Financial, Cost, and Management Accounting. Understand the origins and evolution of Accounting Principles o Accounting Process – Understand the Accounting Process, comparing Manual and Computerized Accounting Systems. Analyse the differences and implications of manual versus computerised accounting o Key Definitions and Terms – Gain a foundational understanding of crucial accounting terms and definitions o Journal Use and Voucher Importance in Banking Transactions – Learn about using journals and the role of various vouchers in bank accounting systems. Examine the accounting systems of different banks o Bank Reconciliation Statement – Introduction to the concept and importance of Bank Reconciliation Statements (BRS). Discuss the reasons for discrepancies between Cash Book and Pass Book and the preparation and advantages of BRS o Depreciation Accounting – Understand the meaning, causes, and need for depreciation. Study various depreciation methods, including Straight Line and Written Down Value, and their advantages and disadvantages. Learn about the amortisation of intangible assets and fixed asset replacement • Module B – Financial Statements of Banks o Introduction to Bank Financial Statements – Overview of banking business and associated restrictions. Detailed look at the bank's book-keeping systems o Advances and Asset Classification – Presentation and policy disclosures regarding advances. Deep dive into income recognition and asset classification o Bank Cash, Balances, and Short-Term Assets – Analysis of cash, RBI balances, and short-notice assets. o Fixed and Other Assets – Detailed examination of fixed and other asset presentations and policies o Borrowings, Deposits, and Capital Accounts – Insight into the presentation and analysis of deposits, borrowings, capital, reserves, and surplus o Liabilities, Provisions, and Contingent Liabilities – Understanding of other liabilities, provisions, and contingent liabilities o Investments and Profit and Loss Accounting – Exploration of investment presentations and profit and loss accounting o Disclosure Requirements and Consolidation – Comprehensive look at disclosure requirements and the consolidation of financial statements and branch accounts • Module C – Preparation of Financial Statements of Banks & Taxation o Final Accounts Preparation – Detailed guide on preparing final accounts for banks, including cash flow and funds flow statements o Management Information Systems and Financial Reporting – Exploration of MIS in banking and its impact on financial reporting o Accounting in a Computerised Environment – Discussion on the concept, advantages, and limitations of Computerized Accounting Systems o Taxation | Direct and Indirect Taxes – Introduction to direct and indirect tax concepts and their application in banking o Tax Provisions and Tax Planning – Detailed analysis of tax provisions related to Income Tax and GST and strategies for tax planning • Module D – Accounting Standards (Ind AS) o Scope, Statutory Provisions, and Compliances – Detailed exploration of Accounting Standards, including comparisons between US GAAP and IFRS o Applicability of Ind AS – Discussion on the applicability of Ind AS to banks, financial institutions, and corporates o Consolidated Financial Statements and Investment Accounting – In-depth look at consolidated financial statements, investment in subsidiaries, and standalone financial statements o Accounting for Joint Ventures and Disclosures – Insight into accounting for jointly controlled entities and disclosure challenges under Ind AS.