Ind AS Accounting Standards
Ind AS Accounting Standards Ind AS (Indian Accounting Standards) are a set of accounting standards developed by the Institute of Chartered Accountants of India (ICAI) and adopted by companies in...
Ind AS 21
Objectives, Scope & Benefits Ind AS 21
Objectives, Scope & Benefits - Ind AS 21 Introduction to Ind AS 21 The importance of international trade in any business entity cannot be over-emphasised With globalisation, several entities have...
Functional Currency – Ind AS 21
Functional Currency - Ind AS 21 Executive summary of Functional Currency Functional currency is determined based on the primary economic environment in which it operates. The primary economic environment is...
Foreign operations – Ind AS 21
Foreign operations - Ind AS 21 Executive summary of Foreign Operations Let us see how the functional currency is determined for a foreign operation. So what are the factors to...
Presentation Currency – Ind AS 21
Presentation Currency - Ind AS 21 Executive summary of Presentation currency Let us understand what is a presentation currency and how it is different from the functional currency. Presentation currency...
Recognition and measurement – Ind AS 21
Recognition and measurement - Ind AS 21 Executive summary of recognition and measurement Let us see the recognition and measurement of foreign currency transactions in the books of accounts. First...
Treatment of exchange differences – Ind AS 21
Treatment of exchange differences - Ind AS 21 Executive summary of treatment of exchange differences Let us examine the treatment of exchange differences in the books of accounts with a...
Translation to presentation currency- Ind AS 21
Translation to presentation currency- Ind AS 21 Executive summary of translation to presentation currency Let us see how the financial statements are translated to presentation currency Financial statements should be...