GAAP Advisors

Welcome to 226th Edition on GAAP Advisors TASK Weekly Newsletter featuring the following:

1. Hedge Accounting

2. Observation relating to application of Ind AS 1, Presentation of Financial Statements, Ind AS 27, Separate Financial Statements, Ind AS 107, Financial Instruments: Disclosures, Ind AS 109, Financial Instruments and Schedule III to the Companies Act, 2013

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Responded to Issue Id: 5021 applying following Ind AS:
1. Ind AS 1 – Presentation of Financial Statements
No. of Issues in Issue Repository relating to Ind AS 1: 328
2. Ind AS 10 – Events after the Reporting Period
No. of Issued in Issue Repository relating to Ind AS 10: 41
3. Ind AS 103 – Business Combinations
No. of Issues in Issue Repository relating to Ind AS 103: 217
Facts of the case and the query as submitted by the querist:
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Welcome to 225th Edition on GAAP Advisors TASK Weekly Newsletter featuring the following:

1. Government Grant on Import of Raw Materials

2. Observation relating to application of Ind AS 1, Presentation of Financial Statements

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Welcome to 223rd Edition on GAAP Advisors TASK Weekly Newsletter featuring the following:
1. Measurement of Investment in Associate
2. Observation relating to application of Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance
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- Enabling Excellence in Financial Reporting

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Responded to Issue Id: 5017 applying following Ind AS:
1. Ind AS 1 – Presentation of Financial Statements
No. of Issues in Issue Repository relating to Ind AS 1: 327
2. Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
No. of Issued in Issue Repository relating to Ind AS 8: 236
3. Ind AS 109 – Financial Instruments
No. of Issues in Issue Repository relating to Ind AS 109: 1559
Facts of the case and the query as submitted by the querist:
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Responded to Issue Id: 5016 applying following Ind AS:
1. Ind AS 16 – Property, Plant and Equipment
No. of Issues in Issue Repository relating to Ind AS 16: 182
2. Ind AS 20 – Accounting for Government Grants and Disclosure of Government Assistance
No. of Issues in Issue Repository relating to Ind AS 20: 70
3. Ind AS 38 – Intangible Assets
No. of Issues in Issue Repository relating to Ind AS 38: 70
Facts of the case and the query as submitted by the querist:
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Responded to Issue Id: 5015 applying following Ind AS:
1. Ind AS 2 – Inventories
No. of Issues in Issue Repository relating to Ind AS 2: 117
2. Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
No. of Issues in Issue Repository relating to Ind AS 8: 235
3. Ind AS 16 – Property, Plant and Equipment
No. of Issues in Issue Repository relating to Ind AS 16: 181
Facts of the case and the query as submitted by the querist:
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- Enabling Excellence in Financial Reporting

Responded to Issue Id: 5014 applying following Ind AS:
1. Ind AS 109 – Financial Instruments
No. of Issues in Issue Repository relating to Ind AS 109: 1558
2. Ind AS 115 – Revenue from Contracts with Customers
No. of Issues in Issue Repository relating to Ind AS 115: 448
3. Ind AS 116 – Leases
No. of Issues in Issue Repository relating to Ind AS 116: 148
Facts of the case and the query as submitted by the querist:
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- Enabling Excellence in Financial Reporting

Welcome to 222nd Edition on GAAP Advisors TASK Weekly Newsletter featuring the following:

1. Classification of Compulsorily Convertible Preference Shares

2. Observation relating to application of Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors

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- Enabling Excellence in Financial Reporting

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Responded to Issue Id: 5013 applying following AS:
1. AS 1 – Disclosure of Accounting Policies
No. of Issues in Issue Repository relating to AS 1: 27
2. AS 5 – Net Profit or Loss for the Period, Prior Period Items and Disclosure of Accounting Policies
No. of Issues in Issue Repository relating to AS 5: 55
3. Framework - Framework for the Preparation and Presentation of Financial Statements issued by The Institute of Chartered Accountants of India
No. of Issues in Issue Repository relating to Framework: 34
Facts of the case and the query as submitted by the querist:
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- Enabling Excellence in Financial Reporting

Responded to Issue Id: 5012 applying following AS:
1. Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
No. of Issues in Issue Repository relating to Ind AS 8: 234
2. Ind AS 16 – Property, Plant and Equipment
No. of Issues in Issue Repository relating to Ind AS 16: 180
Facts of the case and the query as submitted by the querist:
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Responded to Issue Id: 5011 applying following AS:
Ind AS 33 – Earnings per Share
No. of Issues in Issue Repository relating to Ind AS 33: 29
Facts of the case and the query as submitted by the querist:
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- Enabling Excellence in Financial Reporting