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Description
It is an illustrative guide book to IFRS to IFRS and Indian Accounting Standards. Critical IFRS issues are discussed in lucid language, and for the carve outs, comparative positioins in Ind As are explained point by point. Special advantages of this book are illustrations on IFRS measurement principles including amortised cost method and accounting entries for several special issues, which will help the finance executives to comfortably sort out all IFRS and Ind-AS issues.
Highlights of some key topics
* Component-wise PPE Accounting
* Current/Non-Current analysis
* Amortised cost of loans to employees, retention money and advance to contractor
* Fair value based acquisition accounting
* Long term advance from customers and fair value based revenue recognition
* Amortised cost of foreign curencyloans
* Accounting for Currency forwards
* Receivable Accounting or Intangible Asset Accounting in Service concession Arrangements
* Determining whether an Arangement contains a Lease
* Measurement of Decommissioning and Site Restoration Liabilities
* First Time Adoption of Indian Accounting Standards
* IFRS Carve Outs
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Contents
Chapter
1. Introduction to IFRTSs and India Accounting Standards
2. IFRSs across the world
3. Basic Principles of IFRSs
4. Principles of Presentation
5. Presentation of of Financial Position
6. Statement of Cash Flows
7. Accounting Polilcies, changes in Accounting Estimats and Errors
8. Events after the REporting Period
9. Inventories
10. Revenue
11. Construction Contracts
12. Service Concession Arrangements
13. Property, Plant and Equipment
14. Decommissioning Expenses
15. Investment Property
16. Transfer of Assets from Customers
17. Intangible Assets
18. Website Costs
19. Impartment of Assets
20. Agriculture
21. Non-current assets Held for Sale
22. Leases
23. Arrangement Containing Lease
24. Government Grants and Disclosure of Government Assistance
25. Exploration for and Evaluation of Mineral Resources
26. Borrowing Costs
27. Provisions, Contingent Liabilities and Contingent Assets
28. Employee Benefits
29. Financial Instruments : Presentation
30. Financial Instruments : Recognition and Measurement
31. Loans to Employees|
32. Derivatives
33. Hedge Accounting
34. Compound Financial Instruments
35. Embedded Derivatives
36. Foreign Currency Loan
37. IFRS 9 Financial Instruments
38. Financial Instruments : Disclusoures
39. Currency Translation
40. Share Based Payments
41. Income Taxes
42. Related Party Disclosures
43. Operating Segment
44. Earnings Per Share
45. Business Combinations
46. Consolidated Financial Statements and Separate Financial Sttements and Separate
Financial Statements
47. Accounting for Investments in Associates
48. Interests in Joint venture
49. Interim Financial Reporting
50. Financial Reporting in Hyper-Inflationary Economies
51. Accounting and Reporting by Retirement Benefit Plans
52. Insurance Contracts
53. Other IFICs and SICs
54. Rate REgulated Activities
55. Fair Value Measurement
56. First - Time Adoption of International Financial Reporting Standards
57. IFRS Carve Outs
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