About Product
This book is a comprehensive guide to Ind AS 115, i.e., revenue from contracts with customers (replacing Ind AS 11 & 18) & Ind AS 116, i.e., leases (replacing Ind AS 17), in a simplified language with abundant illustrations. This book will be helpful for both professional & students who are preparing for exams like CA, CS, MBA, M.Com., etc. The Present Publication is the Latest Edition, authored by CA Parveen Sharma & CA Kapileshwar Bhalla, with the following noteworthy features: Complex provisions are explained in a simple and lucid language [Practical Examples, Diagrams & Flowcharts] are provided throughout the book for a better understanding of difficult concepts [Service Concession Arrangement] are covered with examples [Transitional Provisions on Ind AS 115 and Ind AS 116] are covered The contents of this book are as follows: Ind AS 115 – Revenue from Contracts with Customers o Clarification and Outline of Ind AS 115 o Analysis of the name of the Standard o Scope o 5-Step Model o Contract Costs o Presentation o Disclosures o Special Issues – Application Guidance (Appendix B of Ind AS 115) o Transition Provisions – First-time application of Ind AS 115, i.e. switchover from Ind AS 11 and 18 (Appendix C to Ind AS 115) o Service Concession Arrangements (Appendix D to Ind AS 115) Ind AS 116 – Leases o Important Clarifications o What is the need for Ind AS 116? & Outline of Ind AS 116 o What is a Lease? o What is the Objective of Ind AS 116? o Recognition Exemptions (Practical Expedients) o Identifying Lease o Accounting of Lease – Books of Lessee o Accounting of Lease – Books of Lessor o Sale and Leaseback Transactions o Disclosures in Ind AS 116 o Transitional Provisions (Appendix C to Ind AS 116)
Tags:
BA;
MBA;
