Single Step Income Statement
What is an Single Step Income Statement? An income statement is considered as one of the three major financial statements used to report a company’s financial performance at the term of …
Accounting
What is classified Balance Sheet ?
What is classified Balance Sheet ? The balance sheet is reviewed as one of the three major fundamental financial statements and is key to financial modeling and accounting. The balance sheet also …
Ind AS 41 Agriculture Accounting Standards
INTRODUCTION AND OBJECTIVE Ind AS 41, Agriculture is the standard that is first specifically covering the accounting and reporting requirements for the primary sector. Before this standard, there were no establishment …
Ind AS 105 Non Current Assets & Discontinued Operations
OBJECTIVE Non-Current assets held for sale are presented separately from other assets in the Balance Sheet as their classification will change. The value will be principally recovered through a sale transaction …
Ind AS 40 Investment Property
Objective and Complete details Ind AS 40 Investment Property The objective of IND AS 40 standard is for prescribing the accounting treatment for property (land or buildings) which is held to …