Lease Accounting
Ind AS 116 and IFRS 16 support
Move lease data, measurement schedules, modifications, disclosures, and review evidence into a controlled implementation workflow.
Specialist support across accounting standards and regulatory compliance.
Ind AS 116 and IFRS 16 support
Lease Accounting software SaaS, As per Ind AS 116 lease accounting is mandatorily effective date 1st April 2019 replacing the earlier Ind AS 17. Leases should be recognized in the balance sheet as a ‘right-to-use’ asset and a ‘lease liability’. Become compliant with the requirements of Ind AS 116 / IFRS 16 using the cloud-based software tool used by several corporate entities
Ind AS 109 loan portfolio ECL
Non Banking Financial Companies and Housing Finance Companies (HFCs) are required to compute Expected Credit Loss as per Ind AS 109 / IFRS 9 for their loan portfolios.
Simplified approach and provisioning
As per the requirements of Ind AS 109 / IFRS 9 every company having trade receivables should compute the expected credit loss using the Simplified Approach mentioned in the Accounting Standard.
SPPI, FVOCI, and valuation support
Sometimes an entity is required to fair value the loan portfolio. This happens if the sale of loan happens frequently or if a significant portion of the portoflio is sold.
Capital adequacy and regulatory process
ICAAP (Internal Capital Adequacy Assessment Process), part of Pillar 2 within the Basel Framework, represents a financial institution's own assessment of the capital needed to run the business. Become compliant with the requirements of Ind AS 116 / IFRS 16 using the cloud-based software tool used by several corporate entities
IFRS 9 and Ind AS 109 hedge accounting
Hedge Accounting is not mandatory, but it is in the best interest of the entity that following hedge accounting would greatly reduce the unintended consequences of profit and loss fluctuations on account of hedging instruments. Hedge accounting is a method of financial reporting that allows entities to reflect the offsetting effects of hedging instruments and the items they hedge in the financial statements.
Governed ECL workflow and reporting
Governed ECL workflow and reporting
Move from spreadsheet-heavy workpapers to review-ready analytics.
Use the newer platform, module, and publication pages for ECL workflow, governance, methodology, and implementation assets while preserving the legacy URLs that already rank in search.
Organisations using RVSBELL Analytics expertise across accounting and regulatory workflows.
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Journal entries for lease accounting
Sets out the principles for recognition, measurement, presentation and disclosure of leases; Objective is to ensure that lessees and lessors provide relevant information that faithfully represents those transactions Enables users to assess the effect that leases have on the financial position, financial performance and cash flows of an entity; Consistently applied to contracts with similar characteristics and in similar circumstances
Effective interest Rate
The rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability.
NFRS 9 - ECL Guidelines – Nepal Rastra Bank
Financial Instruments standard was initially set to be effective from July 16, 2021. However, challenges like the COVID-19 pandemic, limited time, and lack of technical expertise led to its full implementation being postponed to the fiscal year 2080/81 for banks and financial institutions.
Placement of Deposits with Other Banks/Institutions by Urban Co-operative Banks
Scheduled Urban Co-operative Banks (UCBs) that meet certain criteria can accept deposits from other UCBs. These deposits should be part of specific service arrangements like clearing, foreign exchange transactions, or non-fund based facilities.
Provisions – Ind AS 37
Provision is a liability of uncertain timing or amount.The word “uncertain” is very important here, because if timing and amount are certain or almost certain, then you don’t deal with the provision but with a payable or an accrual. To understand provisions better, let’s break down the definition of a liability in Ind AS 37.
Simplified Approach for ECL for trade receivables
An entity shall always measure the loss allowance at an amount equal to lifetime expected credit losses for: (a) trade receivables or contract assets that result from transactions that are within the scope of Ind AS 115, and that: (i) do not contain a significant financing component (or when the entity applies the practical expedient for contracts that are one year or less) in accordance with Ind AS 115