Tag: Ind AS consolidation rules

Ind AS 12, “Income Taxes,” addresses the accounting for income taxes, which includes both current and deferred tax. The recognition,…

Deferred Tax: Determine the Tax rate(law), Measurement, Recognition and Accounting of deferred tax, Practical Application Deferred tax arising from a business combination

Dive into the essentials of De-recognition of Financial Assets and Financial Liabilities under Ind AS 32. This guideline clarifies when and how to remove financial assets and liabilities from your balance sheet, ensuring accurate financial reporting and compliance with international accounting standards.

Explore Ind AS 8 for an in-depth look at Accounting Policies, Changes in Accounting Estimates, and Errors. Understand the scope, definitions, and the framework for selecting and applying accounting policies, along with guidelines for handling changes and correcting errors. Learn about the disclosure requirements for changes in accounting policies to ensure transparency and consistency in financial reporting.

Dive into Ind AS 10 for comprehensive insights on Events after the Reporting Period, including scope, definitions, and types of events. Learn about the critical distinction between adjusting and non-adjusting events, with clear guidance on the necessary disclosures to ensure accurate and transparent financial reporting.

Unlock the essentials of Fair Value Measurement with Ind AS 113, covering scope, definitions, and valuation techniques for accurate financial assessments. Discover how to determine the price, consider market participants, and apply fair value at initial recognition. Essential disclosures ensure transparency and trust in financial reporting.

Dive into the core aspects of Earnings per Share (EPS) with Ind AS 33, encompassing scope, definitions, and measurement techniques. Learn how to calculate both basic and diluted EPS, crucial for evaluating company profitability. Key insights on presentation and disclosures enhance financial transparency for investors.

Explore the essentials of Operating Segment under Ind AS 108, covering scope, definitions, and disclosures. This standard guides the reporting of financial information by segments, enhancing transparency around discontinued operations. Key for stakeholders to assess an entity’s performance and strategic decisions.

Related party disclosures (Ind AS 24), Scope, Definitions, Understanding Relationship between Reporting entity and a Person/Other entity

Ind AS 103 outlines the procedures for calculating non-controlling interest and goodwill, or recognizing a bargain purchase in business combinations. It requires that non-controlling interest be valued either at fair value or at the proportionate share of the acquiree’s identifiable net assets at the acquisition date. Goodwill represents the excess of the consideration transferred over the net recognized amount of identifiable assets acquired and liabilities assumed. If this calculation results in a negative amount, it is assessed as a bargain purchase, which requires careful analysis and disclosure under Ind AS 103 standards.