Ind As Education

📘 𝐅𝐫𝐞𝐞 𝐈𝐧𝐝 𝐀𝐒 𝟏𝟎 𝐞-𝐁𝐨𝐨𝐤: 𝐄𝐯𝐞𝐧𝐭𝐬 𝐚𝐟𝐭𝐞𝐫 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐏𝐞𝐫𝐢𝐨𝐝
This practical, example-driven short guide will help you achieve a conceptual understanding of this standard.

💡 𝐖𝐡𝐚𝐭 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐥𝐞𝐚𝐫𝐧?
✅ Meaning of Events after the Reporting Period and why they matter
✅ Determination of Date of Authorisation for Issue
✅ Adjusting Events vs Non-Adjusting Events with illustrations
✅ Treatment of customer bankruptcy, inventory write-down, litigation settlements, and asset pricing events
✅ Treatment of Dividends
✅ Going Concern impact when events arise after year-end
✅ Mandatory Disclosure requirements
✅ Examples of earthquakes, acquisitions, tax law changes, restructuring, fire losses, etc and how to account for them

𝐀𝐧𝐝 𝐦𝐮𝐜𝐡 𝐦𝐨𝐫𝐞

📲 DM to receive straight in your inbox.

📢 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐝 𝐀𝐒 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧: 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐈𝐧𝐝 𝐀𝐒 𝟏 – 𝐂𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐚𝐬 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐨𝐫 𝐍𝐨𝐧-𝐜𝐮𝐫𝐫𝐞𝐧𝐭

🧠 The recent amendment to 𝐈𝐧𝐝 𝐀𝐒 𝟏 – 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬 on 𝘊𝘭𝘢𝘴𝘴𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘓𝘪𝘢𝘣𝘪𝘭𝘪𝘵𝘪𝘦𝘴 𝘢𝘴 𝘊𝘶𝘳𝘳𝘦𝘯𝘵 𝘰𝘳 𝘕𝘰𝘯-𝘤𝘶𝘳𝘳𝘦𝘯𝘵 has created significant interpretational challenges in practice – especially around loan covenants, roll-over rights, and management intent.

At its core, the amendment shifts the focus away from 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐞𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬 and places decisive emphasis on 𝐫𝐢𝐠𝐡𝐭𝐬 𝐭𝐡𝐚𝐭 𝐞𝐱𝐢𝐬𝐭 𝐚𝐭 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐝𝐚𝐭𝐞.

📘 To bridge the gap between theory and application, we have prepared a 𝐂𝐨𝐧𝐜𝐢𝐬𝐞 𝐆𝐮𝐢𝐝𝐞 𝐰𝐢𝐭𝐡 𝟏𝟎 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐞𝐱𝐚𝐦𝐩𝐥𝐞𝐬, covering common and complex scenarios faced by preparers, auditors, and CFOs – with clear conclusions and rationale aligned to the amended standard.

👨‍💼 If you are involved in Ind AS financial reporting, audits, or first-time adoption, this amendment is not optional reading – it directly affects:

📒 𝐁𝐚𝐥𝐚𝐧𝐜𝐞 𝐒𝐡𝐞𝐞𝐭 𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝
🔢 𝐊𝐞𝐲 𝐫𝐚𝐭𝐢𝐨𝐬

➡️ DM to receive straight in your inbox.

📲 Feel free to reach out if you would like access to a video lecture or wish to discuss specific scenarios.

🙏 𝐒𝐮𝐛𝐡𝐨 𝐏𝐨𝐡𝐞𝐥𝐚 𝐁𝐨𝐢𝐬𝐡𝐚𝐤𝐡
A new financial year. A fresh beginning.

𝐌𝐚𝐲 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫 𝐛𝐫𝐢𝐧𝐠:
🧠 Clarity in decisions
🎯 Accuracy in reporting
📈 Growth in opportunities

𝐖𝐢𝐬𝐡𝐢𝐧𝐠 𝐲𝐨𝐮 𝐚 𝐲𝐞𝐚𝐫 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐞𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐬𝐮𝐜𝐜𝐞𝐬𝐬.

— Team Ind AS Edu
𝙀𝙢𝙥𝙤𝙬𝙚𝙧𝙞𝙣𝙜 𝙁𝙞𝙣𝙖𝙣𝙘𝙚 𝙋𝙧𝙤𝙛𝙚𝙨𝙨𝙞𝙤𝙣𝙖𝙡𝙨

📄 𝐈𝐧𝐝 𝐀𝐒 𝐍𝐞𝐰𝐬

The Insurance Regulatory and Development Authority of India (IRDAI) has granted a 12-month forbearance to insurers transitioning to the new Indian Accounting Standards (Ind AS).

The shift to Ind AS, aligned with global IFRS norms, marks a significant change in how insurers recognise revenue, measure liabilities, and assess profitability. The transition also coincides with the move towards a risk-based capital regime, adding to implementation complexity for insurers.

Read More:
https://www.moneycontrol.com/banking/irdai-grants-12-month-relief-for-ifrs-rbc-rollout-to-all-insurers-article-13876434.html

IRDAI grants 12-month relief for IFRS, RBC rollout to all insurers- Moneycontrol.com The regulator, at its 135th Authority meeting held on March 30, approved amendments mandating insurers to prepare financial statements under Ind AS from April 1, 2026, but allowed a one-year regulatory forbearance for companies unable to immediately comply with the new framework.

🎙️ 𝐍𝐅𝐑𝐀'𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐒𝐞𝐫𝐢𝐞𝐬 𝐨𝐧 𝐈𝐧𝐝 𝐀𝐒 𝟑𝟕

❓ This series of Audit Committee – Auditor Interactions draws the attention of the auditors to the potential questions the Audit Committees/Board of Directors may ask them in respect of their audit of provisions, contingent liabilities, and contingent assets as per Ind AS 37.

🗝️ 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

🔬 𝐀𝐮𝐝𝐢𝐭 𝐅𝐨𝐜𝐮𝐬: Auditors must meticulously verify the "probable" outflow of resources and ensure "reliable" estimates are made for provisions, rather than just relying on management representations.

⚡ 𝐇𝐢𝐠𝐡-𝐑𝐢𝐬𝐤 𝐀𝐫𝐞𝐚𝐬: Specific attention is required for warranty provisions, environmental cleanup costs, and litigation, with a focus on valuation and classification.

🗒️ 𝐌𝐚𝐧𝐝𝐚𝐭𝐨𝐫𝐲 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞𝐬: High scrutiny on the disclosure of contingent liabilities to ensure they are not understated in financial notes.

🔦 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐅𝐨𝐜𝐮𝐬: NFRA has identified lapses in estimating provisions, leading to tighter scrutiny on how auditors challenge management's assumptions.

🔯 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬: The guidelines require strict alignment with SA 540 (Accounting Estimates) and SA 501 (Specific Items).

➡️ 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭 https://nfra.gov.in/nfra-auditor-audit-committee-interaction-series-5-dealing-with-audit-of-provisions-contingent-liabilities-contingent-assets-ind-as-37-sa-540-and-sa-501/

Our Founder, Amitabha Mukherjee explaining the effect of deferred taxes on goodwill calculation through a numerical example.

📸 𝐒𝐧𝐚𝐩𝐬𝐡𝐨𝐭 𝐨𝐟 𝐈𝐧𝐝 𝐀𝐒 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠

Last month, we delivered an Ind AS training session for a listed chemical manufacturing company.

There were engaging and insightful discussions. Always encouraging to see organisations upskilling their accounting and finance teams.

🎉 𝐇𝐚𝐩𝐩𝐲 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞𝐫!

We are extremely delighted to receive such positive feedback from a senior Chartered Accountant with an experience of more than 28 years.

😇 Grateful for such moments! Thank you.

🚀 𝐈𝐧𝐝 𝐀𝐒 𝟏𝟎𝟏 - 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐭𝐨 𝐅𝐢𝐫𝐬𝐭 𝐓𝐢𝐦𝐞 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧
India Inc is currently going through an IPO boom and a surge in entrepreneurial ventures. Notably, many corporates, including SMEs and private limited companies, have reached or exceeded the 250 crore net worth threshold. Hence, Ind AS becomes applicable.

Transitioning to Ind AS for the first time can feel overwhelming - but it doesn’t have to be.

Our “𝐅𝐢𝐫𝐬𝐭-𝐓𝐢𝐦𝐞 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬” are designed to ensure a smooth, structured, and stress-free transition.

🔍 𝐖𝐡𝐚𝐭 𝐰𝐞 𝐨𝐟𝐟𝐞𝐫:
✅ End-to-end transition roadmap
✅ Practical gap analysis & impact assessment
✅ Step-by-step implementation support
✅ Drafting of transition workings & disclosures
✅ Hands-on guidance for complex areas (financial instruments, leases, group adjustments, etc.)
✅ Management-ready documentation

💡 𝐖𝐡𝐲 𝐜𝐡𝐨𝐨𝐬𝐞 𝐮𝐬?
✨ 10+ years of real experience across Phase 1 & Phase 2 companies
✨ Deep practical insights with our proven 3D approach
✨ Faster turnaround with personalised attention
✨ Cost-effective alternative to Big 4s and large firms

🎯 If your company is approaching Ind AS applicability, let’s make your transition 𝐬𝐞𝐚𝐦𝐥𝐞𝐬𝐬, 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭, 𝐚𝐧𝐝 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐭.

📩 Reach out to explore how we can support your journey.