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  • Ind-AS
    • Step up to Ind-AS
      There are many areas of differences between Indian GAAP and Ind-AS. The publication details the key differences and learnings from the global experience of conversion to IFRS.
    • Ind-AS – India’s Journey towards a new GAAP
      For seamless transition to the new standards, the publication details the key questions that CFO’s should ask about the Ind-AS transition.
    • Applying IFRS: The new revenue standard affects more than just revenue New!
      Revenue arrangements are usually complex. Ind-AS 15 (equivalent of IFRS 15) is now the only accounting standard covering revenues from all contracts, excluding only those areas for which a separate standard exists like leases. This standard will be applied by Indian companies ahead of the rest of the world, and shall be effective from 2016-17 (including restatement of 2015-16 revenue for comparative purposes). This will present unique situations for Indian companies to follow this accounting requirement for which no precedence is currently available. The publication aptly covers some of the nuances of this new standard and offers guidance on interpretational matters emerging from different terms that are not uncommon in a revenue contract in many sectors.
    • Impairment of Financial Instruments under IFRS 9 New!
      For current Indian GAAP users, Ind-AS 109 (equivalent standard of IFRS 9) presents new concepts for accounting on financial instruments. This is particularly true for companies that have not followed the current AS 30/31 (equivalent of IAS 39). The publication provides useful insights on the impairment of related provisions in Ind-AS 109 (that are similar to IFRS 9). The move from the currently used “incurred loss model” for impairment to “expected loss model” will bring in concepts not earlier used by companies and will require careful reading and understanding.
    • Applying IFRS-Tech(Software)-Rec-Jan 2015 New!
      Revenue arrangements are usually complex, specifically those that arises from contracts and relate to technology sector. Software contracts, due to very nature of the dynamics of technology changes, include terms that increase variability of revenue over the life of the software contracts. Ind-AS 15 ( equivalent of IFRS 15) would be applied by the Indian companies ahead of the rest of the world and shall be effective from 2016-17 ( including restatement of 2015-16 revenue for comparative purposes). This brings up unique situations for Indian companies to follow this new accounting requirement for which no precedence is currently available elsewhere. The publication aptly covers some of the nuances of this new standard and guidance on interpretational matters.
    • Applying IFRS-Tech-Rec-Jan 2015 New!
      Revenue arrangements are usually complex, specifically those that arises from contracts and relate to technology sector. Technology contracts, due to very nature of the dynamics of technology changes, include terms that increase variability of revenue over the life of the contracts. Ind-AS 15 ( equivalent of IFRS 15) would be applied by the Indian companies ahead of the rest of the world and shall be effective from 2016-17 ( including restatement of 2015-16 revenue for comparative purposes). This brings up unique situations for Indian companies to follow this new accounting requirement for which no precedence is currently available elsewhere. The publication aptly covers some of the nuances of this new standard and guidance on interpretational matters.
    • Applying Autos Dec 2014 New!
      Revenue arrangements are usually complex, specifically those that arises from long term supply contracts in the automotive sector. Ind-AS 15 ( equivalent of IFRS 15) would be applied by the Indian companies ahead of the rest of the world and shall be effective from 2016-17 ( including restatement of 2015-16 revenue for comparative purposes). This brings up unique situations for Indian companies to follow this new accounting requirement for which no precedence is currently available elsewhere. The publication aptly covers some of the nuances of this new standard and guidance on interpretational matters for the automotive sector.
    • Applying LS Rev- November 2014 New!
      Revenue arrangements in Life Sciences have various unique attributes like collaboration arrangements, use of intellectual property etc and are usually complex. Ind-AS 15 ( equivalent of IFRS 15) is now the only accounting standard covering revenue from all contracts, excluding only those areas for which a separate standard exists like Leases. This standard would be applied by the Indian companies ahead of the rest of the world and shall be effective from 2016-17 ( including restatement of 2015-16 revenue for comparative purposes). This brings up unique situations for Indian companies to follow this new accounting requirement for which no precedence is currently available elsewhere. The publication aptly covers some of the nuances of this new standard and guidance on interpretational matters relevant for Life Sciences entity.
  • Consolidated financial statements
  • Depreciation of fixed assets
  • International Update

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