August 09, 2020
This contains comments on Exposure Draft of Guidance Note on Revenue from Operations in case of Contractors issued by the Research Committee of The Institute of Chartered Accountants of India (ICAI) submitted to research committee of ICAI
April 26, 2020
Comments on COVID-19 related Rent Concessions issued by IASB
March 05, 2020
The article provides a bird’s eye view of the facts of the case and the opinion of Expert Advisory Committee (EAC) of The Institute of Chartered Accountants of India (ICAI) as published in March 2020 edition of The Chartered Accountant Journal. The write-up then expresses the view of GAAP Advisors and the basis for that view along with the reasons for not agreeing with the opinion and the basis for opinion of the EAC of ICAI
December 14, 2019
Para 4.9 of Guidance Note on Division III of Schedule III to the Companies Act, 2013 stresses that the requirements of Division III of Schedule III are minimum requirements. However, it misses to draw attention that line items are to be presented only if material even if stated as minimum.
December 13, 2019
Guidance Note on Division III of Schedule III is misleading as it deems that the requirement of para 61 of Ind AS 1 to disclose asset recoverable more than 12 months after the end of the reporting period are non-current