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Financial Reporting

Financial statements, Schedule III, grouping and disclosures.

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Financial Reporting

330 articles
Ind AS 32 convertible bonds: measuring the liability first and equity as the residual

Ind AS 32 convertible bonds: measuring the liability first and equity as the residual

For an issuer’s qualifying compound convertible bond, Ind AS 32 separates the liability and equity components at initial recognition. Value comparable debt first, calculate residual equity and allocate issue costs consistently.

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Ind AS 33 EPS Numerator: Preference Dividends, Arrears and Settlement Adjustments

Ind AS 33 EPS Numerator: Cumulative Preference Dividends, Arrears and Preference-Share Settlement Adjustments

For equity-classified preference shares, Ind AS 33 adjusts earnings attributable to ordinary shareholders for the specified after-tax dividends and settlement effects. Distinguish cumulative from non-cumulative amounts, exclude prior-period arrears from current deductions and avoid double-counting liability expenses.

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Land and Buildings under Ind AS 16: Separate Costs, Building Depreciation and Limited-Life Land

Land and Buildings under Ind AS 16: Separate Costs, Building Depreciation and Limited-Life Land

Ind AS 16 separates land and buildings even when bought together. Land is generally not depreciated where its useful life is unlimited, but buildings and qualifying restoration components are depreciable. Rising land value does not cancel building depreciation.

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Ind AS 23 Specific Borrowings: Deduct Temporary Investment Income and Control the Capitalisation Per

Ind AS 23 Specific Borrowings: Deduct Temporary Investment Income and Control the Capitalisation Period

For a qualifying asset financed by specific borrowings, Ind AS 23 uses actual borrowing costs less income from temporarily investing those borrowed funds. Establish the capitalisation period, trace the funds and use gross relevant investment income rather than the net bank receipt after withholding.

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Ind AS 16 Idle Assets: When Depreciation Continues, When It Can Be Zero and What Must Be Reviewed

Ind AS 16 Idle Assets: When Depreciation Continues, When It Can Be Zero and What Must Be Reviewed

Ind AS 16 generally continues depreciation when PPE becomes idle or leaves active use. Separate straight-line depreciation from a valid usage-based zero-production charge, full depreciation, residual-value effects and held-for-sale classification; review estimates and impairment independently.

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