Schedule III Division II to the Companies Act, 2013 is the legally prescribed framework for presentation and disclosure for companies…
6 Common Ind AS Non-Compliance Mistakes Companies Make (and How to Avoid Them)
Ind AS non-compliance is not limited to incorrect accounting entries. Companies can get into trouble by misclassifying financial instruments, recognising…
Which Companies Must Convert Their Financial Statements as per Ind AS? Applicability Criteria Explained (FY 2025-26)
When we think about Indian Accounting Standards (Ind AS), we think it applies to Listed companies only. Not always! In…
Ind AS 117 in Action: New Insurance Accounting Standard in India
Have you ever wondered how insurance companies actually report their profits? It’s not as simple as premiums credit and claims…
Ind AS 116 Accounting: Step-by-Step Guide to Journal Entries & Disclosures
Welcome back! This is the second part of our lease accounting guide on Ind AS 116. If you’re new to…
Ind AS 116 Explained: A Foundational Guide on Lease for Indian Businesses
By Master Brains – Your Trusted Ind AS Consultants Your search ends here! This is the “only” article you ever…
How to Smooth Transition from Indian GAAP to Ind AS 101
Before you reap the benefits of Ind AS (Indian Accounting Standards), there is a challenging task of switching from Indian…
The Ultimate Ind AS Guide: Unlocking the Future of Indian Accounting Standards
As India’s tech giants, such as Zomato, Nykaa, and Paytm, are taking the world by storm with international recognition, the…
IND AS 115 – 5 Step Model for Revenue Recognition
IND AS 115 – 5 Step Model for Revenue Recognition INTRODUCTION On March 28, 2018, the Ministry of Corporate Affairs…
