Tag: IFRS

Transfer pricing (TP) is the process of setting prices for goods, services, and intangibles sold between related companies within the same multinational group. The purpose of transfer pricing is to [Read More...]

Deferred tax is a method of accounting that reconciles the difference between a company's accounting profit (as per financial statements) and its taxable profit (as per tax laws). It recognizes that [Read More...]

Actuarial valuation is the process of calculating the present value of future liabilities related to employee benefits, such as gratuity, pension, and leave encashment. An actuary uses statistical [Read More...]

IFRS (International Financial Reporting Standards) are a set of accounting standards that provide a common global framework for how companies prepare and disclose their financial statements. They aim [Read More...]

Actuarial Valuation of Employment Benefits: A Comprehensive Overview What is Actuarial Valuation of Employment Benefits? Actuarial valuation is the process of calculating the present value of an [Read More...]

IFRS 16 – Leases अन्तर्राष्ट्रिय वित्तीय प्रतिवेदन मानक (International Financial Reporting Standards – IFRS) [Read More...]

The Right-of-Use Asset (ROU Asset) refers to an asset that a lessee is entitled to use for a specific period under a lease agreement. It is a concept introduced by accounting standards such as IFRS [Read More...]

Here's a brief summary of key points from IFRS 16 "Leases": Scope: IFRS 16 applies to all leases except for certain exclusions such as leases of intangible assets and leases related to mineral [Read More...]

IFRS 16, which came into effect on January 1, 2019, establishes the principles for the recognition, measurement, presentation, and disclosure of leases in financial statements. It replaced IAS 17 and [Read More...]

Here's a brief overview of all key IFRS Standards: IFRS 1: First-time Adoption of IFRS Provides guidelines for entities adopting IFRS for the first time to ensure transparent and comparable financial [Read More...]