Shift from BPLR to Base Rate Recently with release of RBI circular on Base rate implementation, there has been a lot of debate going on regarding BPLR (benchmark prime lending rate). Here is our beginner’s guide to understand the two rates. What is BPLR? BPLR is the reference rate for banks for pricing their loan [...]
Posts Tagged ‘Accounting Standards’
IFRS on Effective Interest Rate
March 25th, 2010
Shalini Tibe 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 [...]
Fair Value Accounting in IFRS
December 28th, 2009
Shalini Tibe 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 [...]
Accounting and Business are Interrelated in IFRS
December 10th, 2009
Shalini Tibe There is a feeling that IFRS – rather than business strategy – might actually be driving changes to corporate behavior. In some cases, it may help companies do things better – such as revisit their derivatives strategies – in other cases, it could be changing the way companies work just to get the desired accounting [...]




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