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IAS 23 BORROWING COSTS

Download this Post in PDF Format 1. STATUS Mandatory 2. OBJECTIVE Prescribe the Accounting Treatment for BORROWING COSTS. 3. NOT APPLICABLE Does not deal with ACTUAL or IMPUTED Cost of Equity including Preferred Capital not classified as Equity. 4. KEY TERMS BORROWING COSTS (BC) are INTEREST + OTHER COSTS incurred by an entity in connection…
IAS 21 THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES

Synopsis – Objective ; – Scope; – Determination of Functional Currency; -Change in Functional Currency; -Definition of Foreign Currency; -Initial Recognition of Foreign Currency; -Remeasurement of Foreign Currency Transactions into Functional Currency; -Subsequent Measurement of Foreign Currency Transactions and Translation of Foreign Operations with Different functional currency; -Translation to Presentation Currency; Summary
IFRS 3 BUSINESS COMBINATIONS

Presentation on Business Combinations Synopsis – Objective; -Core Principle; -Scope; -Definition of Business; -Recognition – Acquirer’s Perspective; -Identify the Acquirer; -How To Identify the Acquirer; -Measure the Cost of Business Combination; -Definitions – Cost of Business Combination; -Allocate the Cost to Assets, Liabilities on Acquisition Date; – Recognition Criteria for Assets and Liabilities of Acquiree;…
DEEMED DIVIDEND U/s 2(22)(e)

[First Published On 02 February 2010, Last Updated on 25 November 2013] Download a Copy of this Document in PDF Format Download a Copy of the Presentation in PDF Format ———————————————————————————————————————————————————
GOODS AND SERVICE TAX IN INDIA – A STUDY ON THE FIRST DISCUSSION PAPER

The First Discussion Paper on Goods and Service Tax (GST) in India envisages a Dual GST structure with defined functions and responsibilities of the Centre and States with the objective of an overall harmonious structure of rates.
AGRICULTURAL INCOME WILL CONTINUE TO BE EXEMPT FROM INCOME TAX UNDER THE NEW CODE

1. Continuation of Exemption of Agricultural Income under the New Code Section 10 read with Entry in Sl. No. 1 of the Sixth Schedule of the Direct Taxes Code Bill, 2010 (hereinafter ‘DTC’) exempts Agricultural Income from Income Tax. The Discussion Paper on the Direct Taxes Code explains the rationale for the exemption and I…