Many businesses rely heavily on leased assets, from factories to fleets of trucks. But until recently, their financial statements often didn’t reflect the true cost of those leases. Ind AS 116 changes all that – shifting what was once ‘off the books’ into a major balance sheet line item. This impacts everything from how banks […]

Ind AS, ie Indian Accounting Standards, is one such accounting standard that is made to bring a map and transparency to the company doing business in different sectors in India. In this article, we will see how Ind AS Application on Banks and the whole banking sector and its effects. Ind AS is one such

Ind AS i.e. Indian Accounting Standards are a set of accounting standards designed for accounting in different sectors of India. Companies enter the world of Ind AS one phase at a time, based on their net worth and listing status. Phases of applicability of Ind As: First of all, we will understand the phased applicability

Introduction: Ind ASs (Indian Accounting Standards) is a set of accounting principles and standards that Indian companies follow in their financial statements. These standards are based on the International Financial Reporting Standards (IFRS). These standards provide more transparency and consistency in financial reporting. In this article, we will discuss what is Ind AS and List