Practical articles on IND AS, GST, Income Tax and more — written for CAs, CFOs and finance teams. Free, no fluff, with real journal entry examples.
Classifying cash flows as operating, investing or financing, cash and cash equivalents, the direct vs indirect method, and the financing-liabilities reconciliation — with a complete worked example.
Control vs joint control vs significant influence, key management personnel, close family members, what's excluded from the definition, and required disclosures — with a worked example mapping a group's related parties.
Determining functional currency, the monetary vs non-monetary distinction, initial and subsequent measurement, and translating a foreign operation's financial statements — with a complete worked example and journal entries.
Exit price, principal vs most advantageous market, highest and best use, the three valuation approaches, and the Level 1/2/3 fair value hierarchy — with a worked example classifying real investments.
The research phase vs development phase test, internally generated intangibles, indefinite vs finite useful life, and amortization — with a complete worked example covering R&D and software development.
Recognition criteria, component accounting, what costs can be capitalized, the cost model vs revaluation model, depreciation method and review, and derecognition — with a complete worked example and journal entries.
The three-part recognition test, measurement and discounting, contingent liabilities vs contingent assets, reimbursements, onerous contracts and restructuring provisions — with worked examples and journal entries.
Impairment indicators, recoverable amount (fair value less costs of disposal vs value in use), cash-generating units, goodwill allocation, the impairment loss waterfall, and reversal rules — with a complete worked example and journal entries.
Short-term, post-employment and other long-term benefits — the Projected Unit Credit method, net defined benefit liability, OCI remeasurements, gratuity and leave encashment accounting — with a complete worked example and journal entries.
The full 5-step model — identifying contracts and performance obligations, variable consideration, allocating transaction price by standalone selling price, over-time vs point-in-time recognition, contract modifications — with a complete worked example and journal entries.
The IND AS 115 principal vs agent assessment explained with the three control indicators, worked examples for goods, food delivery and marketplace models, journal entries, and why the gross/net call matters for ratios, covenants and audits.
The business model and SPPI tests, amortised cost vs FVOCI vs FVTPL, initial and subsequent measurement, impairment, derecognition and hedge accounting — with a full worked example from purchase to sale.
Complete guide to deferred tax for Indian CAs — temporary differences, taxable vs deductible, step-by-step depreciation example, full journal entries for creating and reversing DTA/DTL, and common mistakes to avoid.
Auditor-ready methodology for deriving IBR in India — SBI MCLR approach, credit spreads by entity type, full worked example, sensitivity table and the one-page documentation workpaper auditors expect.
The new operating/investing/financing categories, two mandatory P&L subtotals, management-defined performance measure (MPM) disclosures, and what changes in the cash flow statement — with a full worked example.
GMM, PAA and VFA measurement models explained plainly. CSM concept, insurance revenue vs premium received, two full worked examples (motor PAA + life GMM), transition approaches and key disclosures.
Finance Act 2024 rates on equity, property, gold and debt MF. LTCG 12.5%, STCG 20%, grandfathering for pre-2018 equity, indexation option for property — with comprehensive worked examples for AY 2026-27.
Full worked example with rent paid quarterly, Day 1 to Year 3 — ROU asset, lease liability, amortization schedule and all journal entries explained clearly for CAs and finance teams.
Complete walkthrough with rent paid monthly, from commencement date to termination — PV calculation, amortisation table, ROU depreciation, all 4 journal entries and balance sheet impact.
When does a lease change become a modification? Para 45 remeasurement, Para 46a scope reduction and Para 46b new lease — with decision tree, worked examples and journal entries.
Build an Expected Credit Loss provision matrix for trade receivables — ageing buckets, loss rates, forward-looking adjustments and journal entries, with a full worked example for a textile manufacturer.
Carve-outs, deferrals, and India-specific modifications explained across goodwill, hedge accounting, leases, employee benefits and more — with a master comparison table.
Step-by-step guide to recognising ROU assets, lease liabilities, amortisation schedules and journal entries under IND AS 116. Includes worked example.
How to account for refundable security deposits under IND AS 109 / IFRS 9. Covers fair value, Day 1 discount, EIR amortisation and balance sheet impact.
Coming soon — How to reconcile GSTR-2B with purchase register, handle mismatches and claim maximum ITC without notices.
Coming soon — A structured comparison with salary slabs, deductions and worked examples to help you choose the right regime.