Tag Archives: Ind AS 101

FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101

By | June 30, 2016

Source : ICAI FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time Adoption of Indian Accounting Standards* Issue: Ind AS 101 provides that the net carrying amounts of all of its Property, Plant and Equipment as per previous GAAP can be used as deemed cost on the date of transition… Read More »

first Ind AS financial statements as per Ind AS 101

By | September 11, 2015

Indian Accounting Standard (Ind AS 101) First time Adoption of Indian Accounting Standards (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles.) Objective 1. The objective of this Ind AS is to ensure that an entity’s first Ind AS… Read More »