Articles 2041–2080 of 2673, covering IndAS, Income Tax, Investments and more.
Liability versus equity, compound instruments, treasury shares and offsetting. Establish principles for presenting financial instruments as liabilities or…
Significance, credit risk, liquidity risk, market risk, ECL and supplier finance. Require disclosures enabling users to evaluate the significance of financial…
Classification, measurement, derecognition, ECL and hedge accounting. Establish principles for financial reporting of financial assets and financial…
Five-step model, performance obligations, transaction price and contract balances. Establish principles for reporting useful information about the nature…
Definition of a business, acquisition method, goodwill and common-control combinations. Improve the relevance, reliability and comparability of information…
Judgements, subsidiaries, joint arrangements, associates and structured entities. Require disclosures enabling users to evaluate the nature and risks of…
E&E scope, accounting policies, cost pools, impairment and transition to development. Specify financial reporting for exploration and evaluation expenditures…
Insurance risk, liability adequacy, reinsurance impairment, policy changes and transition to Ind AS 117. Explain the limited improvements and disclosures…
First-time adopters, rate regulation, previous-GAAP balances, presentation and disclosure. Permit a narrowly defined first-time adopter with recognised…
Lease identification, lessee right-of-use accounting, lessor classification and sale-and-leaseback. Ensure lessees and lessors provide relevant information…
Scope, aggregation, fulfilment cash flows, contractual service margin, PAA, VFA and transition. Establish comprehensive principles for recognition…
The P&L account shows profit — but profit does not equal cash. A company can report strong profits while running out of cash (due to high debtors, inventory…
Ind AS 12 — Income Taxes (converged with IAS 12) governs the accounting for current and deferred income taxes. The standard requires entities to recognise…
Ind AS 19 — Employee Benefits, converged with IAS 19 (Revised 2011) — covers the accounting for all forms of employee compensation: short-term benefits…
Government grants are transfers of resources (cash, non-monetary assets) from the government to an entity in return for past or future compliance with certain…
Retirement benefit plans are arrangements under which an employer provides benefits to employees after retirement. These plans accumulate assets over the…
Hyperinflation severely distorts traditional historical cost financial statements. When annual inflation runs at several hundred or thousand percent, the…
Ind AS 32 governs how financial instruments appear on the balance sheet — crucially, the classification of an instrument as debt or equity, and when financial…
Ind AS 36 — Impairment of Assets, converged with IAS 36 — ensures that assets on a company's balance sheet are not carried at amounts exceeding their…
Ind AS 37 addresses one of the most judgement-intensive areas of financial reporting — when to recognise a provision (i.e., a liability of uncertain timing or…
Ind AS 38 governs accounting for intangible assets — identifiable non-monetary assets without physical substance. From capitalised software development costs…
Ind AS 103 — Business Combinations (converged with IFRS 3) governs how acquirers account for acquiring control of another entity. The standard mandates the…
Ind AS 104 corresponds to IFRS 4 (Phase I). It was designed as an interim standard, allowing entities to continue most existing insurance accounting practices…
Ind AS 106 was designed as a temporary standard — recognizing that mineral resource accounting is complex and industry practices vary widely globally. It…
Ind AS 109 — Financial Instruments (converged with IFRS 9) replaced the rule-based Ind AS 39 with a principles-based approach to classifying and measuring…
While Ind AS 110, 111, and 28 prescribe the accounting measurement of interests in other entities, Ind AS 112 focuses on what must be disclosed so that…
Ind AS 114 — Regulatory Deferral Accounts addresses a very specific and complex challenge: how should companies whose prices are set by a regulator account for…
Ind AS 115 — Revenue from Contracts with Customers — fundamentally changed how Indian companies recognise revenue. Converged with IFRS 15, it replaced AS 7…
Ind AS 116 — Leases, converged with IFRS 16 — eliminated the distinction between operating and finance leases for lessees. Under the new standard, almost all…
For decades, Ind AS 17 (like its predecessor IAS 17) allowed companies to classify leases as either "finance leases" (on balance sheet) or "operating leases"…
Your Employee Provident Fund (EPF) balance can be withdrawn — but rules differ sharply depending on whether you're still employed, how many years you've…
If you're a salaried employee in India, Form 16 is arguably your most important tax document. It tells you exactly how much TDS your employer deducted and…
Under the Income Tax Act, every rupee you earn must fit into one of five heads of income. "Income from Other Sources" (Section 56) is the residual head — it…
Portfolio Management Services (PMS) in India are SEBI-regulated investment products designed for High-Net-Worth Individuals (HNIs) with a minimum ticket size…
Sovereign Gold Bonds (SGBs) are among the most tax-efficient gold investment vehicles in India — but only if you understand the rules. The 2.5% annual interest…
Hedge accounting is the most complex and most searched topic within Ind AS 109. It allows entities to match the timing of recognition of gains and losses on…
Ind AS 117 is the most transformative accounting standard ever issued for the insurance industry. It replaces the temporary patch-work of Ind AS 104 with a…
The Conceptual Framework is the foundation upon which all Ind AS standards are built. It defines the objective of financial reporting, the qualitative…
Knowing the theory of Ind AS 110 is one thing. Sitting in front of a subsidiary's trial balance and actually building a consolidation is another. This guide…
Schedule III is the Companies Act's prescribed template for financial statements. Every company required to follow Ind AS (listed companies, companies with net…