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	<title>Money Bol &#187; Accounting</title>
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	<link>http://moneybol.com</link>
	<description>Finance &#38; Investment Blog</description>
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		<title>Phase 2 of IFRS 9: Exposure Draft on Amortised cost and Impairment</title>
		<link>http://moneybol.com/phase-2-of-ifrs-9-exposure-draft-on-amortised-cost-and-impairment/</link>
		<comments>http://moneybol.com/phase-2-of-ifrs-9-exposure-draft-on-amortised-cost-and-impairment/#comments</comments>
		<pubDate>Mon, 12 Jul 2010 17:52:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Finance Gyan]]></category>
		<category><![CDATA[effective interest rate]]></category>
		<category><![CDATA[expected loss model]]></category>
		<category><![CDATA[IASB]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS 9]]></category>
		<category><![CDATA[IFRS implementation]]></category>
		<category><![CDATA[incurred loss model]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=1006</guid>
		<description><![CDATA[Further to our earlier explanation of IFRS 9 (click here to read), our analyst Shalini Tibe comments on the exposure draft of IFRS 9. We hope the information is useful to you.
Exposure Draft (ED) proposes to replace Incurred Loss Model for the assessment of impairment of financial assets measured at amortized cost currently included in [...]


Related posts:<ol><li><a href='http://moneybol.com/explanation-of-ifrs-9/' rel='bookmark' title='Permanent Link: Explanation of IFRS 9'>Explanation of IFRS 9</a></li>
<li><a href='http://moneybol.com/ifrs-on-effective-interest-rate/' rel='bookmark' title='Permanent Link: IFRS on Effective Interest Rate'>IFRS on Effective Interest Rate</a></li>
</ol>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Fixed Assets / Property, Plant &amp; Equipment : Differences between Indian GAAP and IFRS</title>
		<link>http://moneybol.com/fixed-assets-property-plant-equipment-differences-between-indian-gaap-and-ifrs/</link>
		<comments>http://moneybol.com/fixed-assets-property-plant-equipment-differences-between-indian-gaap-and-ifrs/#comments</comments>
		<pubDate>Thu, 15 Apr 2010 17:32:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Finance Gyan]]></category>
		<category><![CDATA[AS 10]]></category>
		<category><![CDATA[AS 6]]></category>
		<category><![CDATA[component accounting]]></category>
		<category><![CDATA[Depreciation]]></category>
		<category><![CDATA[Fixed assets]]></category>
		<category><![CDATA[IAS 16]]></category>
		<category><![CDATA[Plant & equipment]]></category>
		<category><![CDATA[Property]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=537</guid>
		<description><![CDATA[
Under Indian GAAP the terminology used is Fixed Assets  where as under IFRS it is termed as Property, Plant and Equipment
Standard IAS 16 covers Property, Plant and Equipment (PPE) where as there are 2 standards for Fixed Assets under Indian GAAP i.e. AS-10 Fixed Assets and AS-6 Depreciation
As per Indian GAAP subsequent expenditure related to [...]


No related posts.]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>MARKET RISK DISCLOSURES UNDER IFRS 7</title>
		<link>http://moneybol.com/market-risk-disclosures-under-ifrs-7/</link>
		<comments>http://moneybol.com/market-risk-disclosures-under-ifrs-7/#comments</comments>
		<pubDate>Mon, 05 Apr 2010 18:40:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Finance Gyan]]></category>
		<category><![CDATA[currency exchange risk]]></category>
		<category><![CDATA[currency risk]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS 7]]></category>
		<category><![CDATA[interest rate risk]]></category>
		<category><![CDATA[Price risk]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=500</guid>
		<description><![CDATA[ An entity possesses the risk if the fair value or cash flow of financial instrument will fluctuate as a result of change in market prices.
Following disclosures need to be shown in financial statement:

A sensitivity analysis of each type of market risk to which the entity is exposed showing how profit or loss and equity is [...]


No related posts.]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>IFRS on Effective Interest Rate</title>
		<link>http://moneybol.com/ifrs-on-effective-interest-rate/</link>
		<comments>http://moneybol.com/ifrs-on-effective-interest-rate/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 16:03:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Accounting Standards]]></category>
		<category><![CDATA[effective interest rate]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[Indian GAAP]]></category>
		<category><![CDATA[Internal rate of return]]></category>
		<category><![CDATA[IRR]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[yield]]></category>
		<category><![CDATA[YTM]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=471</guid>
		<description><![CDATA[Effective Interest Rate
Effective Interest Rate (EIR) is a new concept to the existing Indian GAAP.
TheEffective Interest Rate (EIR) method is a method of calculating the amortized cost of a financial asset or a financial liability and of allocating the interest income or interest expense over the relevant period.
TheEffective Interest Rate (EIR)use in the allocation process is [...]


Related posts:<ol><li><a href='http://moneybol.com/phase-2-of-ifrs-9-exposure-draft-on-amortised-cost-and-impairment/' rel='bookmark' title='Permanent Link: Phase 2 of IFRS 9: Exposure Draft on Amortised cost and Impairment'>Phase 2 of IFRS 9: Exposure Draft on Amortised cost and Impairment</a></li>
<li><a href='http://moneybol.com/fair-value-accounting-in-ifrs/' rel='bookmark' title='Permanent Link: Fair Value Accounting in IFRS'>Fair Value Accounting in IFRS</a></li>
<li><a href='http://moneybol.com/accounting-and-business-are-interrelated-in-ifrs/' rel='bookmark' title='Permanent Link: Accounting and Business are Interrelated in IFRS'>Accounting and Business are Interrelated in IFRS</a></li>
</ol>]]></description>
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		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Comparison of IFRS and Indian Accounting Standards</title>
		<link>http://moneybol.com/comparison-of-ifrs-and-indian-accounting-standards/</link>
		<comments>http://moneybol.com/comparison-of-ifrs-and-indian-accounting-standards/#comments</comments>
		<pubDate>Tue, 23 Mar 2010 07:08:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Finance Gyan]]></category>
		<category><![CDATA[Accounting Standards]]></category>
		<category><![CDATA[analysis]]></category>
		<category><![CDATA[economic review]]></category>
		<category><![CDATA[equity markets]]></category>
		<category><![CDATA[exchange rate]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS Valuation]]></category>
		<category><![CDATA[indian economy]]></category>
		<category><![CDATA[usd-inr]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=452</guid>
		<description><![CDATA[IFRS is a novel way of looking at accounting. IFRS is a “principle-based” standards rather than “rule-based” standard which are currently followed.
Under IFRS there is need to apply professional judgment consistent with intent and spirit of standards.
Various countries have adapted to IFRS in different ways, often embedding local cultures and that is why there are [...]


Related posts:<ol><li><a href='http://moneybol.com/fair-value-accounting-in-ifrs/' rel='bookmark' title='Permanent Link: Fair Value Accounting in IFRS'>Fair Value Accounting in IFRS</a></li>
<li><a href='http://moneybol.com/accounting-and-business-are-interrelated-in-ifrs/' rel='bookmark' title='Permanent Link: Accounting and Business are Interrelated in IFRS'>Accounting and Business are Interrelated in IFRS</a></li>
<li><a href='http://moneybol.com/treatment-of-tangible-assets-under-ifrs/' rel='bookmark' title='Permanent Link: Treatment Of Tangible Assets Under IFRS'>Treatment Of Tangible Assets Under IFRS</a></li>
</ol>]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Challenges for implementation of IFRS</title>
		<link>http://moneybol.com/challenges-for-implementation-of-ifrs/</link>
		<comments>http://moneybol.com/challenges-for-implementation-of-ifrs/#comments</comments>
		<pubDate>Fri, 19 Mar 2010 15:28:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[banking ifrs]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS Valuation]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=441</guid>
		<description><![CDATA[Key Practical Challenges for implementation of IFRS in India for Banking Industry
No stable Platform: There are many changes / amendment taking place for most of the standards from International Accounting Standard Board there has been no stable platform ready for banks.
Training: All Stakeholders has to be conversant and shall be able to understand and interpret [...]


Related posts:<ol><li><a href='http://moneybol.com/accounting-and-business-are-interrelated-in-ifrs/' rel='bookmark' title='Permanent Link: Accounting and Business are Interrelated in IFRS'>Accounting and Business are Interrelated in IFRS</a></li>
<li><a href='http://moneybol.com/fair-value-accounting-in-ifrs/' rel='bookmark' title='Permanent Link: Fair Value Accounting in IFRS'>Fair Value Accounting in IFRS</a></li>
<li><a href='http://moneybol.com/comparison-of-ifrs-and-indian-accounting-standards/' rel='bookmark' title='Permanent Link: Comparison of IFRS and Indian Accounting Standards'>Comparison of IFRS and Indian Accounting Standards</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Explanation of IFRS 9</title>
		<link>http://moneybol.com/explanation-of-ifrs-9/</link>
		<comments>http://moneybol.com/explanation-of-ifrs-9/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 18:03:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[financial instrument]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS 9]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=382</guid>
		<description><![CDATA[IFRS 9: FUTURE FINANCIAL INSTRUMENT
(SIGNIFICANT FOR BANKS AND FINANCIAL INSTITUTIONS)
-
CURRENT STATUS


IFRS 9 has been issued for financial assets
Standards relating to financial liability, impairment, derecognition and hedging will be issued in a phased manner
Impact of IFRS 9 on banks are significant


HELD TO MATURITY CLASSIFICATION

Banks have to invest in government securities to comply with RBI’s prudential norms
As [...]


Related posts:<ol><li><a href='http://moneybol.com/phase-2-of-ifrs-9-exposure-draft-on-amortised-cost-and-impairment/' rel='bookmark' title='Permanent Link: Phase 2 of IFRS 9: Exposure Draft on Amortised cost and Impairment'>Phase 2 of IFRS 9: Exposure Draft on Amortised cost and Impairment</a></li>
</ol>]]></description>
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		<slash:comments>9</slash:comments>
		</item>
		<item>
		<title>Delay in defining roadmap of IFRS for banking industry in India</title>
		<link>http://moneybol.com/delay-in-defining-roadmap-of-ifrs-for-banking-industry-in-india/</link>
		<comments>http://moneybol.com/delay-in-defining-roadmap-of-ifrs-for-banking-industry-in-india/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 12:03:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[analysis]]></category>
		<category><![CDATA[economic review]]></category>
		<category><![CDATA[indian economy]]></category>
		<category><![CDATA[roadmap of IFRS]]></category>
		<category><![CDATA[sensex]]></category>
		<category><![CDATA[share markets]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=378</guid>
		<description><![CDATA[Banking system in India is so far accustomed to rule based approach and hence for any implementation, Banks look to the regulator for guidelines i.e. RBI.
In case of Basel II implementation, the National Supervisor i.e. RBI is provided with power to modify the guidelines to suit the country condition. The Objective of Basel seems to [...]


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<li><a href='http://moneybol.com/comparison-of-ifrs-and-indian-accounting-standards/' rel='bookmark' title='Permanent Link: Comparison of IFRS and Indian Accounting Standards'>Comparison of IFRS and Indian Accounting Standards</a></li>
<li><a href='http://moneybol.com/uae-economy-impact-of-dubai-crisis/' rel='bookmark' title='Permanent Link: UAE Economy: Impact of Dubai crisis'>UAE Economy: Impact of Dubai crisis</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IFRS:Why do we need IFRS in India?</title>
		<link>http://moneybol.com/ifrs-in-india/</link>
		<comments>http://moneybol.com/ifrs-in-india/#comments</comments>
		<pubDate>Sat, 16 Jan 2010 06:21:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[difference gaap gaap indian us]]></category>
		<category><![CDATA[ias ifrs]]></category>
		<category><![CDATA[ias ifrs strength]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[ifrs 1]]></category>
		<category><![CDATA[ifrs 2]]></category>
		<category><![CDATA[ifrs 2005]]></category>
		<category><![CDATA[ifrs 39]]></category>
		<category><![CDATA[ifrs gaap]]></category>
		<category><![CDATA[ifrs us gaap]]></category>
		<category><![CDATA[indian gaap vs us gaap]]></category>
		<category><![CDATA[normes ifrs]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=341</guid>
		<description><![CDATA[Do we need IFRS in India?
Indian Companies are listed on overseas stock exchange and have to prepare accounts with respect to GAAP followed in respective countries. Foreign companies having subsidiary in India have to prepare there accounts in order to meet overseas reporting.
FDI and FII’s are more comfortable with one global accounting language which can [...]


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</ol>]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Fair Value Accounting in IFRS</title>
		<link>http://moneybol.com/fair-value-accounting-in-ifrs/</link>
		<comments>http://moneybol.com/fair-value-accounting-in-ifrs/#comments</comments>
		<pubDate>Mon, 28 Dec 2009 15:03:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Accounting Standards]]></category>
		<category><![CDATA[Fair Value Concept]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS Valuation]]></category>

		<guid isPermaLink="false">http://moneybol.com/?p=268</guid>
		<description><![CDATA[To what extent fair value accounting holds good for valuation in IFRS
Significant percentage of the balance sheet would be at Fair Value compared to current practice of carrying at historical cost under IFRS.
Use of Fair value:
At present Fair Value is limited to impairment of assets, measurement of retirement benefits and mark to market accounting of [...]


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<li><a href='http://moneybol.com/comparison-of-ifrs-and-indian-accounting-standards/' rel='bookmark' title='Permanent Link: Comparison of IFRS and Indian Accounting Standards'>Comparison of IFRS and Indian Accounting Standards</a></li>
<li><a href='http://moneybol.com/treatment-of-tangible-assets-under-ifrs/' rel='bookmark' title='Permanent Link: Treatment Of Tangible Assets Under IFRS'>Treatment Of Tangible Assets Under IFRS</a></li>
</ol>]]></description>
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