Ind AS 23, or the Indian Accounting Standard 23, provides guidelines for the treatment of borrowing costs incurred by an entity. Borrowing costs refer to the interest and other expenses incurred by an entity in relation to borrowing funds to finance the acquisition, construction, or production of qualifying assets. This standard aims to ensure that […]

Ind AS 33, “Earnings per Share,” is an important accounting standard that provides guidance on the calculation, presentation, and disclosure of earnings per share (EPS) for entities preparing financial statements in accordance with the Indian Accounting Standards (Ind AS). In this comprehensive guide, we will delve into the key aspects of Ind AS 33, its

Ind AS 101, also known as the “First-time Adoption of Indian Accounting Standards,” provides guidance on how an entity should transition from its previous accounting framework to the Indian Accounting Standards (Ind AS). This standard is essential for companies in India as it ensures a smooth and consistent adoption of the new accounting principles. In

IND AS 24 provides comprehensive guidelines on the disclosure requirements for related party transactions. It is important to disclose all material information to maintain the integrity of financial statements. One aspect of this transparency is the disclosure of related party transactions, which are transactions between an entity and its related parties. Let’s dive into the

Ind AS 102, Share-based Payment, is an accounting standard that provides guidance on the recognition, measurement, and presentation of share-based payment transactions. The share-based payment arrangement is the best and proven way used by companies to attract, motivate, and retain employees, also this can be helpful in raising capital from investors. In this article, we

In the realm of financial reporting, IND AS 19 stands as a crucial accounting standard that addresses the intricate subject of employee benefits. By providing comprehensive guidelines, it assists entities in recognizing, measuring, and disclosing various types of employee benefits. In this in-depth article, we will explore IND AS 19 further, shedding light on its

Ind AS 20, or the Indian Accounting Standard 20, provides guidelines for the accounting treatment of government grants received by entities. Government grants are financial assistance or incentives given by the government or government entities to support some activities, like- research and development, infrastructure development, and environmental protection. This standard aims to ensure that government

IND AS 41 – Agriculture provides guidance on the accounting and reporting of agricultural activities, including the recognition, measurement, and disclosure of agricultural assets and agricultural produce. Here are some key points to consider: Scope and objective: IND AS 41 applies to agricultural activities, which include the cultivation of plants (such as crops and trees)

Welcome to our in-depth guide on IND AS 38, the accounting standard that addresses the recognition, measurement, and disclosure of Intangible Assets. In this article, we will explore the key aspects of Ind As 38 in detail, providing a thorough understanding of how intangible assets are accounted for in financial reporting. Scope and Definition of

In this article, we will explore IND AS 40, which deals with the accounting treatment of investment property. Investment property refers to real estate held by an entity for the purpose of earning rental income, capital appreciation, or both. IND AS 40 provides guidance on the recognition, measurement, presentation, and disclosure of investment property in