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A parent company that presents its consolidated financial statements must consolidate all of its subsidiaries, foreign as well as domestic.…

Significance of financial instruments for financial position and performance An entity shall disclose information that enables users of its financial…

Derecognition refers to the removal of an asset or liability (or a portion thereof) from an entity’s balance sheet. Derecognition…

The objective of the Ind AS 107 is to require entities to provide disclosures in their financial statements that enable…

Financial instrument: a contract that gives rise to a financial asset of one entity and a financial liability or equity…

Measurement A financial asset or financial liability is measured initially at fair value. Subsequent measurement depends on the category of…

Objective of IAS 32 The stated objective of IAS 32 is to establish principles for presenting financial instruments as liabilities…

Recognition and Measurement outlines the requirements for the recognition and measurement of financial assets, financial liabilities, and some contracts to…

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incident to ownership.…

At the commencement of the lease term, lessees recognise finance leases as assets and liabilities in their statements of financial…