Tag: Accounting & Reporting Consulting
Purpose
ASC 740, Income Taxes, addresses financial accounting and reporting for the effects of taxes based on income. It provides guidance for the recognition and measurement of income tax expenses for...
As the Indian startup ecosystem continues to thrive, the need for robust corporate governance practices has become increasingly crucial. Often driven by innovation and rapid growth, startups face unique...
As the Indian startup ecosystem continues to thrive, the need for robust corporate governance practices has become increasingly crucial. Often driven by innovation and rapid growth, startups face unique...
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.
Purpose
The Financial Accounting Standards Board’s (FASB’s), ASC 205-20, Presentation of financial statements -Discontinued operations (‘ASC 205-20’) provides comprehensive guidance on the reporting and...
Jamil Khatri, our Co-Founder and CEO, was featured in the August issue of BoardStewardship magazine. The cover story, ‘Growing Sustainability Reporting Regulations—Role of Boards, ’ captured Jamil’s insights.
Jamil...
The RBI's draft guidelines on LCR propose changes to enhance short-term liquidity resilience. This publication explores the potential impact on banks' LCR computations.
Purpose
Entity segment information is critical for investors, lenders, creditors, and others (collectively “investors”) in understanding the entity’s different business activities. The segment information...
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.
Purpose
With changes in laws and regulations relating to environmental remediation and protection, it has become very important for entities to recognize the losses or costs that they are likely to incur...
In this insightful article, Sandip Khetan and Sagar Lakhani of Uniqus Consultech delve into the indispensable role of governance in fostering trust, transparency, and long-term success within India’s...
Purpose
For many reporting entities, leasing is an important way of gaining asset access. Through leasing arrangements, lessees can finance the use of required assets, often simplifies the disposal of...
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.
Purpose
Investors frequently enter transactions in which they make significant but not controlling investments in an entity. When investments made in common stock provide the investor with significant...
IASB introduces IFRS 19, allowing eligible subsidiaries to apply reduced disclosure requirements while maintaining recognition, measurement, and presentation standards. This improves group financial reporting...
