Consolidation under ind as ifrs converged standards

Readers World Inv. 267 Dt. 18 Aug 2016/Rs.995/-

Chapters
1. Introduction
2. Ind- AS 110 – Consolidated Financial Statements
3. Control – Power and Rights
4. Consolidation Procedures – Investment Entities
5. Non- Controlling Interest
6. Joint Arrangements
7. Investments in Associates and Joint Venture
8. Equity Method
9. Disclosure of interests in other entities
10. Illustrations and Suggested Disclosures
Annexures
Ind AS 110 Consolidated Financial Statements
Ind AS 111 Joint Arrangements
Ind AS 112 Disclosure of Interests in Other Entities
Ind AS 27 Separate Financial Statements
Ind AS 28 Investments in Associates and Joint Ventures
AS (21) 21 Consolidated Financial Statements
AS (21) 23 Accounting for investments in Associates in Consolidated Financial Statements
AS (21) 27 Financial Reporting of Interests in Joint Ventures

Publishing consolidated financial statements was not compulsory for Indian companies till last year. The Companies Act 2013 (‘Act’) mandates preparation of consolidated Financial Statements for all the companies having subsidiaries. The Act also establishes the principle that financial statements shall comply with Accounting Standards.
From April 1, 2016 Indian Corporate will be required to implement IFRS (International Financial Reporting Standards) converged Accounting Standards (known as Ind-AS) in phased manner. These new standards bring in subjectivity and complexities posing challenge for preparers, auditors and users of financial statements.
This book contains guidance on preparing consolidated financial statements under Ind-AS regime. With practical illustrations it demonstrates how these principles will be applied. With Model Ind-AS accounting policies and illustrative disclosures for few sectors, this book is quite useful for Target Audience.