IFRS Insights
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Category: IFRS Insights
The Expected Credit Loss (ECL) model under IFRS 9 has reshaped the way entities manage and report credit risk—shifting from a backward-looking incurred loss model to a more proactive, forward-looking...
In alignment with IFRS 18, the Institute of Chartered Accountants of India (ICAI), has issued an exposure draft of Ind AS 118, Presentation and Disclosure in Financial Statements, with a proposed effective...
IFRS 18 will redefine financial reporting with standardized income classifications and enhanced transparency. Our report highlights key concepts, industry impacts, and preparation steps for businesses...
Explore our latest guide on IFRS 15, offering practical insights on its 5-step model, challenges, and industry-specific revenue recognition applications.
Our latest publication explores the journey of transitioning to Ind AS 117, offering insights on regulatory developments, challenges, and key measures to ensure a smooth adoption in India’s insurance...
India moves closer to global alignment in insurance accounting with the introduction of Ind AS 117, effective 1 April 2024, based on IFRS 17 principles.
Business combinations involve the recognition of goodwill, an asset reflecting the premium paid above identifiable net assets. This publication discusses challenges in goodwill impairment testing.
Uniqus' Early Impressions outlines amendments to IFRS 9 and IFRS 7, focusing on classification, measurement, and disclosure requirements. Effective for periods starting 1 January 2026.
IASB introduces IFRS 19, allowing eligible subsidiaries to apply reduced disclosure requirements while maintaining recognition, measurement, and presentation standards. This improves group financial reporting...
IASB’s IFRS 18 aims to standardize income statement reporting, improving transparency and comparability. These changes will enhance financial performance assessment and stakeholder confidence.
Executive Summary Earlier this year, the RBI issued a DP on provisioning as per the ECL approach which was largely acknowledged as a paradigm shift in how banks in India were required to provide for financial...
Companies vary in accounting for platform development and technology costs, with differing approaches under Ind AS/IFRS vs US GAAP. This publication explores key considerations.
The Ministry of Corporate Affairs notified Companies (Ind AS) Amendment Rules, 2023, effective from 1 April 2023, impacting entities reporting under the Ind AS framework.
Proposed Ind AS 1 amendments clarify liability classification, remove carve-outs, and address covenant breaches and convertible debt to align with global financial statement principles.