Posts tagged IFRS Valuation

BGR Energy: Building the Indian Power Story

Last week I heard a very interesting story which eventually gave me the idea of investing in BGR Energy Systems Ltd. Thought of sharing with you.

Years back when the South African Government opened their country for outsiders to come and do mining for diamonds, entrepreneurs form all over the world More >

Comparison of IFRS and Indian Accounting Standards

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 More >

Challenges for implementation of IFRS

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 More >

Treatment Of Tangible Assets Under IFRS

Treatment of Property, Plant And Equipment (PPE) under IFRS

First time adoption of IFRS for PPE An entity can use fair value as deemed cost on First time adoption of IFRS

OR

It has to apply Retrospective application which means recalculate carrying amount of each PPE item according to IFRS since its More >

Fair Value Accounting in IFRS

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 More >

Accounting and Business are Interrelated in IFRS

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 More >