Illustrated Guide to Indian Accounting Standards

This book provides a comprehensive guide to Indian accounting standards covering in details accounting entries, fair value measurement, presentation and disclosures. It also covers illustrative guide to the first time adoption of Indian accounting standards.Disclosures of accounting policies and notes to accounts of selected IFRScompliant companiesFair value measurementValuation of unlisted equity sharesIllustrative discussion of voluntary and mandatory exemptions for the first time adoption of Indian accounting standardsDisclosures of interest in other entitiesOperating segment disclosuresRelated party transactionsAccounting for tangible fixed assets by componentsInvestment propertyGovernment grant in below market interest rate loanAccounting for Financial assets and financial liabilitiesDiscounting of provisionsTranslation of foreign operationsJoint arrangementsApplication of equity method accounting to joint venturesHedge accountingImpairment of investments in subsidiaries, associates and joint venturesIFRS carve outs