Search results with tag "Ind as 115"
Implementation of IND AS – Impact on Corporate Tax
www.wirc-icai.orgCompanies (Indian Accounting Standard Rules), 2015 Ind AS – India perspective IFRS Carve-outs IND-AS Has carve outs and carve ins as compared to IFRS New standard on revenue recognition ... Revenue recognition -IND AS 115 Intangible Assets (IND AS 38) 17 Financial Liability and Assets: Ind AS 32, Ind AS 109, Ind AS
Step up to Ind AS - EY
www.ey.com7 Key differences between Ind AS and Indian GAAP Revenue recognition Key differences • Ind AS 115 Revenue from Contracts with Customers is a comprehensive standard that deals with revenue recognition. It supersedes AS 9 Revenue Recognition and AS 7 Construction Contracts. • Ind AS 115 has introduced a five-step model with a single principle for recognizing revenue that
INDIAN ACCOUNTING STANDARDS (IND AS)
www.nirc-icai.orgIND AS VS. IFRS Note-1 Ind AS 11 and Ind AS 18 were replaced by Ind AS 115, on issue of Ind AS Rules, 2015 by MCA. However, in view of the future applicability of IFRS 15, MCA has recently deferred Ind AS 115.
INDIAN ACCOUNTING STANDARDS (IND AS)
www.nirc-icai.orgIND AS VS. IFRS Note-1 Ind AS 11 and Ind AS 18 were replaced by Ind AS 115, on issue of Ind AS Rules, 2015 by MCA. However, in view of the future applicability of IFRS 15, MCA has recently deferred Ind AS 115.
Ind AS 115 - Accounting for revenue is the new normal
gtw3.grantthornton.inCompanies (Indian Accounting Standards) Rules, 2015. Among other things, the amendment inserts a new revenue recognition standard Ind AS 115, Revenue from Contracts with Customers (‘Ind AS 115’). Ind AS 115 is effective from accounting period beginning on or after 1 April, 2018 and • Replaces Ind AS 18, Revenue and Ind AS 11, Construction
Indian Accounting Standard (Ind AS) 115 - K C Mehta & Co
www.kcmehta.comInd AS 115 Revenue from Contracts with Customers The 5 step model framework Ind AS 115 moves away from the “transfer of risk and rewards” approach and introduces a new “transfer of control”