Category Archives: IFRS

Proposed amendments to IFRS 8 and IAS 34

By | April 25, 2017

Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34) – (24-04-2017) Exposure Draft issued by IASB on Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34) is for comments only. Comments on the Exposure Draft need to be received by May 26, 2017. In July… Read More »

IFRS 9 Amendment – Prepayment Features with Negative Compensation

By | April 25, 2017

Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) – (24-04-2017) Exposure Draft issued by IASB on Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) is for comments only. Comments on the Exposure Draft need to be received by May 15, 2017. This Exposure Draft, published by the International Accounting Standards Board,… Read More »

Consolidation under Ind AS – IFRS Converged Standards-Book

By | April 24, 2017

Consolidation under Ind AS – IFRS Converged Standards Paperback – 2016 by CA Parveen Kumar (Author) Publishing consolidated financial statements was not compulsory for Indian companies till last year. The Companies Act 2013 (‘Act’) mandates preparation of consolidated Financial Statements for all the companies having subsidiaries. The Act also establishes the principle that financial statements… Read More »

Illustrative Consolidated Financial Statements as per IFRS

By | October 28, 2016

Illustrative Consolidated Financial Statements This edition contains the illustrative consolidated financial statements for Good Bank (International) Limited and subsidiaries for the year ended 31 December 2016. The illustrative financial statements are prepared in accordance with IFRS in issue at 30 September 2016 and effective for annual periods beginning 1 January 2016. Commentary Companies in certain… Read More »

IFRS Guidebook: 2016 Edition Kindle Edition

By | September 29, 2016

IFRS Guidebook: 2016 Edition Kindle Edition International Financial Reporting Standards (IFRS) are the basis for financial reporting. The original IFRS documents span thousands of pages, and so are difficult to research. The IFRS Guidebook solves this problem by condensing the key elements of IFRS into a single volume. This book describes each accounting topic, how… Read More »

Practical Guide to Ind-AS & IFRS- Book 4th Edition 2016 (English)

By | September 18, 2016

Practical Guide to Ind-AS & IFRS (English) (Paperback, CA. Kamal Garg) BUY Features of Practical Guide to Ind-AS & IFRS Language: English Binding: Paperback Publisher: Bharat Law House Pvt. Ltd. Genre: Academic and Professional ISBN: 9789351393610, 9351393615 Publication Year  2016

Book on IFRS -International Financial Reporting Standards-2016 Edition

By | September 17, 2016

International Financial Reporting Standards-IFRS (Set in Three Parts) (English)  (Paperback, Taxman) BUY Features of Book on IFRS -International Financial Reporting Standards Author : Taxmann Language: English Binding: Paperback Publisher: Taxmann Publication Genre: Professional ISBN: 9789350718643, 9350718642 Publication Year 2016

Roadmap drawn-up for Ind AS converged with IFRS

By | January 19, 2016

Roadmap drawn-up for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (Excluding Rrbs), Insurers/Insurance Companies and Non-Banking Financial Companies (NBFC’s) In pursuance to the Budget Announcement by the Union Finance Minister Shri Arun Jaitley, after consultations with Reserve Bank of India (RBI), Insurance Regulatory and… Read More »

Draft Interpretation on Foreign Currency Transactions and Advance Consideration

By | November 11, 2015

Draft Interpretation published by the IFRS Interpretations Committee for comment only. Comments on the Draft Interpretation need to be received by December 21, 2015. The International Accounting Standards Board’s IFRS Interpretations Committee (‘Interpretations Committee’) published for public comment a proposed Interpretation of Standards, designed to address diversity in how the Standard is applied in practice.… Read More »

Pakistan adopts the IFRS for SMEs

By | November 1, 2015

On 15 September 2015, the Securities & Exchange Commission of Pakistan (SCEP) issued Statutory Notifications 928(I)/2015 and 929(I)/2015 adopting the IFRS for SMEs. As a result the financial reporting framework in Pakistan is as follows: Entities Situation Listed companies (including foreign companies listed in Pakistan) Public interest companies (public sector company, public utility, financial institution,… Read More »

IASB publishes exposure draft on Application of Materiality

By | November 1, 2015

International Accounting Standards Board (IASB) has issued exposure draft providing guidance on application of materiality while preparing financial statements as per International Financial Reporting Standards (IFRS).It will help management of company to apply the concept of materiality in preparation and presentation of both annual and interim financial statements of the company. The draft specifies the… Read More »