Basics of IndAS - Ind AS - Indian Accounting Standards - Companies Law

..... an entity applies an accounting poilices retrospectively, make retro when it reclassifies items in its financial statements. Other Comprehensive Income Other Comprehensive Income refers to items of income and expenses that are not recognized as a part of the profit and loss account. This includes realized and unrealized gains or profits example revaluation gain it is an income but it won t be routed through the statement of P L. This Income appears as a line item below the income statement. In .....

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Basics of IndAS - Ind AS - Indian Accounting Standards - Companies Law

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..... o own credit risk of financial liabilities designated as FVTPL Share of OCI in Associates and Joint Ventures, to the extent not be classified into P L; and Others (Specify Nature) Items that will be reclassified to profit or loss Exchange differences in translating the financial statemennts of a foreign operation; Debt instruments through other comprehensive Income; The effective portion of ains and loss on hedging instruments in a cash flow hedge; Share of OCI in Associates and Jo .....

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Basics of IndAS - Ind AS - Indian Accounting Standards - Companies Law

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