IND AS 19 (Employee Benefit) ?
The Indian Accounting Standard (Ind AS) 19 aims to prescribe accounting and disclosure for employee benefits. It requires recognition of the liability by an entity when an employee provides services…
What is the first step you take when you start Audit of a new client?
First step in the audit process is planning. Planning an audit involves: (a) Establishing the overall audit strategy (b) Developing an audit plan. “The auditor should plan his work to…
Major difference between Ind As 116 vs As 17.( Just mention 2/3 points)?
Ind AS 17 classified leases as finance leases and operating leases. Ind AS 116 does not make this distinction. When compared to Ind AS 17, Ind AS 116 requires detailed…
Major changes in Ind AS 116
Lessee Accounting: 16 Ind AS 116 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than…
What is Dividend Discount Model?
The Gordon growth model is used to determine the intrinsic value of a stock based on a future series of dividends that grow at a constant rate. Given a dividend…