by R. Venkata Subramani | Aug 4, 2016 | Ind AS - Indian Accounting Standards
The exemption arises because many first-time adopters may not have all the information necessary to apply Ind AS 103 to past business combinations A first-time adopter has the following options: apply Ind AS 103 retrospectively to all past business combinations. apply...
by R. Venkata Subramani | Aug 3, 2016 | Ind AS - Indian Accounting Standards
Compound Financial Liabilities As per Ind AS 32, an entity is required to split compound financial liability and equity components at inception. An entity need not reassess the equity and liability components subsequently after the first assessment. Ind AS 101...
by R. Venkata Subramani | Aug 3, 2016 | Ind AS - Indian Accounting Standards
An entity is required to take into account the following while considering the accounting policies as per Ind AS 101: Use the same accounting policies in its opening Ind AS Balance Sheet and throughout all periods presented in its first Ind AS financial statements...
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