VIDEOS

Free Videos

These free videos are intended to provide you with a glimpse of how we teach and impart knowledge on these extensive Indian Accounting Standards. We have simplified this complex accounting literature by explaining it in clear-cut language and illustrative cases. In most areas, we have used numerical problems and real-world examples to correlate between bare-act and actual practice, which will enable you to fathom the theoretical implications and technical aspects. Moreover, these short videos will give you an insight into how to understand and apply Ind AS.

We recommend watching in full screen for best user-experience

6 Accounting Treatments of Revaluation of an Asset

Combination of contracts under Ind AS 115

3 important aspects of Fair Value Measurement

Introduction to Ind AS 23 – Borrowing Costs

Economics of a lease

Deferred tax effects in PL when there is impairment

How to apply Effective Interest Method

Basics of Ind AS 37

Tax effect directly in equity

What is Output Method in Ind AS 115 with example

Fundamentals of Non-current Assets Held for Sale

Effect on PL and OCI when an asset is revalued

Types of leases under Ind AS 116

When Performance obligations are satisfied

Illustration on how to consolidate a Balance Sheet

Nature of investments

How to calculate fair value of gross assets acquired

Video Lectures

These video lecture series have culminated after several years of training, hands-on implementation experience, and rigorous full-time research for more than a decade. It is aimed at providing in-depth coverage on the fundamentals of Ind AS. Standards have been explained through simple language, lucid illustrations, case studies, and numerical worked examples so that you can apply Ind AS in industry-specific scenarios. It is particularly designed for the accounting and finance fraternity who need to implement Ind AS in their workplace or seek to acquire or enhance their knowledge on these complex financial reporting standards. Key accounting requirements and important technical issues are also discussed in detail. Ind AS has become the new language for corporates and therefore gaining comprehensive proficiency and practical application of the standards is a must-have for today’s required skill set. It is especially suitable for working professionals who can watch the videos unlimited times as per their convenience. There is no restriction to the number of views. Thus, our unique and advanced Ind AS Video Lectures is apt for you.

Ind AS Pro Video Lectures Package RECOMMENDED                          

Customer Reviews  *****  (4)

This e-learning product contains extensive and thorough video lectures on all the standards mentioned below. Keeping in mind the complexities and interactive nature of Ind AS, it is specifically structured in a way that professionals can grasp and interpret the standards efficiently. The videos provide a full-scale coverage of the details of the standards explained in the simplest way possible. It also contains engaging illustrations, numerous practical examples, and case laws. Greater emphasis has been laid on accounting treatment with journal entries along with their income tax effect and paragraph references. Our unique pedagogy will arm you with the knowledge and execution needed to prepare Ind AS compliant financial statements. These learning videos will help finance professionals upgrade their skills and transform their careers and make a perceptible contribution in the field of Ind AS for their organisation.

Whether you’re a seasoned accounting professional or just starting your journey, our expert-led tutorials offer clarity and insights to enhance your understanding and command of these essential topics. Accessible anytime, anywhere, our on-demand platform allows you to learn at your own pace, making difficult concepts easily digestible and applicable to real-world scenarios. Stay ahead in the ever-evolving landscape of financial reporting with this wide-ranging Video Lectures bundle – your ultimate guide to mastering Ind AS.

Standards covered:

  • Ind AS 1 – Presentation of Financial Statements
  • Ind AS 2 – Inventories
  • Ind AS 7 – Statement of Cash Flows
  • Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
  • Ind AS 10 – Events after the Reporting Period
  • Ind AS 12 – Income Taxes
  • Ind AS 16 – Property, Plant and Equipment
  • Ind AS 20 – Accounting for Government Grants and Disclosure of Government Assistance
  • Ind AS 23 – Borrowing Costs
  • Ind AS 24 – Related Party Disclosures
  • Ind AS 27 – Separate Financial Statements
  • Ind AS 28 – Investments in Associates and Joint Ventures
  • Ind AS 33 – Earnings per Share
  • Ind AS 36 – Impairment of Assets
  • Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets
  • Ind AS 38 – Intangible Assets
  • Ind AS 41 – Agriculture
  • Ind AS 103 – Business Combinations
  • Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations
  • Ind AS 106 – Exploration for and Evaluation of Mineral Resources
  • Ind AS 108 – Operating Segments
  • Ind AS 110 – Consolidated Financial Statements
  • Ind AS 111 – Joint arrangements
  • Ind AS 112 – Disclosure of Interests in Other Entities
  • Ind AS 113 – Fair Value Measurement
  • Ind AS 115 – Revenue from Contracts with Customers
  • Ind AS 116 – Leases

Key features:

Teaching method – Maximum use of practical examples to explain particular paragraphs or provisions in the standards

Session type – Instructor-led highly interactive and technical session conducted by Dr. Amitabha Mukherjee, our Founder

On-Demand Access – Enjoy the flexibility of accessing e-lectures anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited views – There is no restriction to the number of views

Study Materials – You will receive soft copy of training materials which includes presentation slides, numerical problems and case studies

Bonus offer – Video Lectures on any new amendments or new standards shall be sent to you at no additional cost

Technical support – Free clarification of queries and consultation is offered for 3 years from the date of purchase

Validity – Lifetime access. You do not have to renew your subscription or pay any extra charges

This is your one-time investment for your lifelong learning!

 

For more details regarding the learning objectives of a particular standard, please click here.

9,999.00Add to cart

Video Lectures of Individual Standards

Ind AS 1 – Presentation of Financial Statements

Customer Reviews  *****  (1)

What you will learn from the video lecture:

  • Standards that govern Financial Reporting
  • Complete set of financial statements
  • Minimum presentation requirement
  • Balance sheet classification
  • Features of Current and Non-current assets
  • What is normal operating cycle
  • Current and Non-current liabilities
  • Elements of Statement of Profit and Loss
  • Types of gain – Trading, Holding, Capital
  • Presentation of Profit and loss
  • Other Comprehensive Income
  • Reclassification adjustments
  • Items that will not be reclassified
  • Items that may be reclassified
  • Area of possible double counting
  • Statement of Changes in Equity
  • Example of transaction directly in equity
  • Calculation of amortised cost
  • Movement in Statement of Changes in Equity
  • Notes – Structure
  • Basis of preparation
  • Disclosure of accounting policies
  • Sources of estimation uncertainty
  • Capital management
  • Disclosures

 

Additional features:

Session type – Detailed deliberation on Ind AS 1 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 1, presentation slides, and example used in the video

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

299.00Add to cart

Ind AS 2 – Inventories

What you will learn from the video lecture:

  • What are Inventories
  • Distinguish between Net Realisable Value and Fair Value with example
  • Types of Inventories
  • Measurement process
  • Cost of Inventories and Conversion
  • Treatment of Borrowing Costs
  • How to account for Inventories purchased on deferred settlement terms
  • Cost Formulas
  • Onerous Contracts
  • Writing down inventory below cost
  • Net Realisable Value of damaged inventory
  • Numerical examples to calculate closing inventory

 

Additional features:

Session type – Detailed deliberation on Ind AS 2 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  – You will receive a comprehensive e-book on Ind AS 2, presentation slides, and examples used in the video

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

149.00Add to cart

Ind AS 7 – Statement of Cash Flows

What you will learn from the video lecture:

  • Meaning of Cash
  • Motives for holding Cash
  • What are Cash flows
  • Cash equivalents with examples
  • Essence of Statement of Cash Flows
  • Presentation of Cash Flow Statement
  • Operating activities with examples
  • Methods used to report Cash Flows from Operating activities
  • Format for Direct and Indirect Method
  • Investing activities with examples
  • Format of Investing activities
  • Financing activities with examples
  • Format of Financing activities
  • Reporting Cash Flows from Investing and Financing activities
  • Reporting Cash Flows on a net basis
  • Interest and Dividends
  • Taxes on income
  • Non-cash transaction with example
  • Components of Cash and Cash Equivalents
  • Why reconciliation statement of the amounts need to be provided
  • Other disclosures

 

Additional features:

Session type – Detailed deliberation on Ind AS 7 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 7 and a soft copy of the presentation slides

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

179.00Add to cart

Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors

What you will learn from the video lecture:

  • What are Accounting Policies
  • Accounting estimates
  • Accounting errors and types
  • Selection and application of Accounting Policies
  • Importance of Consistency in Financial Statements
  • Changes in Accounting Policies
  • Retrospective application
  • Changes in Accounting Estimates
  • How to correct Errors
  • Relation between Ind AS 8 and Ind AS 1
  • When to present a third balance sheet
  • Numerical examples to illustrate the concepts

 

Additional features:

Session type – Detailed deliberation on Ind AS 8 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 8, presentation slides, and example used in the video

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

199.00Add to cart

Ind AS 10 – Events after the Reporting Period

What you will learn from the video lecture:

  • Difference between End of the Reporting Period and Date of Authorisation of Issue
  • Adjusting events and Non-adjusting events with examples
  • When to recognise such events or disclose them in notes
  • Examples distinguishing between favourable event and unfavourable event
  • How to account for dividends
  • Concept of going concern
  • Disclosure of date of approval for issue
  • Updating disclosures in financial statements
  • Disclosure for non-adjusting events

 

Additional features:

Session type – Detailed deliberation on Ind AS 10 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 10, and a soft copy of the  presentation slides

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

99.00Add to cart

Ind AS 12 – Income Taxes

Customer Reviews  *****  (1)

Product Overview   MUST VIEW

The significance of Indian Accounting Standard 12 is that it states that an entity is required to show the income tax effect of each and every event and transaction. Thus, in essence, Ind AS is a form of triple-entry bookkeeping. It addresses the complexities of deferred taxation, which arises from temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases. Understanding and properly accounting for deferred tax assets and liabilities are essential for accurately reflecting an entity’s financial position and performance.

Discover the nuances of this Standard through our comprehensive video lecture. Delve into the intricate world of income taxes with expert guidance and clear explanations. In this engaging e-lecture, you’ll explore the fundamental principles and practical applications of Ind AS 12, gaining a deeper understanding of its effect on financial reporting. Our experienced instructor breaks down complex concepts into digestible segments, ensuring clarity and comprehension for learners at all levels. Acquire practical insights through real-world examples and case studies, bridging the gap between theory and application. From deferred tax assets and liabilities to impact on financial statements and relation to other accounting standards, every aspect of Ind AS 12 is meticulously explored with the use of numerical examples and lucid illustrations.

What you will learn from the video lecture:

  • Difference between accounting for business and taxation
  • Features of accounting profit and taxable profit
  • Accrual basis
  • Objective of Ind AS 12
  • Where tax effects of transactions and events are recorded
  • Types of gain
  • Definition of accounting profit
  • Illustration of tax effect in PL, OCI and directly in equity
  • Tax base
  • Examples to differentiate between carrying amount and tax base
  • Temporary differences
  • Taxable temporary difference
  • Deductible temporary difference
  • Ascertainment of current tax
  • Deferred tax liability
  • Deferred tax asset
  • Calculation of goodwill
  • Necessity of deferred taxes
  • Treatment of deep-discount bond
  • Illustration – Deferred tax liability recognised in PL
  • Illustration – Deferred tax asset recognised in PL
  • Example – Deferred taxes recognised in OCI
  • Example – Deferred taxes liability recognised directly in equity
  • Difference in accounting profit and taxable profit
  • Carryforwards and set off
  • Illustration – Warranty provision under Ind AS 37
  • Illustration – Deferred tax on Intangible Assets under Ind AS 38
  • Illustration – Deferred tax on Revaluation of PPE under Ind AS 16

 

Additional features:

Session type – Extensive and detailed deliberation on Ind AS 12 with maximum use of practical examples and illustrative cases

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a soft copy of the presentation slides and numerical examples used in the video

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

Watch time:  2 hours 15 minutes

499.00Add to cart

Ind AS 16 – Property, Plant and Equipment

What you will learn from the video lecture:

  • Structure of Ind AS 16
  • Definition of PPE
  • Recognition
  • Meaning of cost measured reliably
  • Measurement at initial recognition
  • Purchase price and directly attributable cost
  • Cost of dismantling and restoring site
  • Measurement of subsequent costs
  • Incidental operations
  • What is capitalisation
  • Cessation of capitalisation
  • Measurement after recognition
  • Why entire class need to be revalued
  • Cost model and Revaluation model
  • 6 accounting treatment of Revaluation model
  • Depreciation – Recognition
  • Derecognition
  • Numerical example illustrating effect on PL and OCI when an asset is revalued
  • Why Revaluation Surplus need to be transferred to Retained Earnings
  • Accounting implication when there is a revaluation increase and a revaluation decrease

 

Additional features:

Session type – Detailed deliberation on Ind AS 16 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a free comprehensive e-book on Ind AS 16 worth Rs. 119, presentation slides and examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

299.00Add to cart

Ind AS 20 – Accounting for Government Grants and Disclosure of Government Assistance

What you will learn from the video lecture:

  • What are Government grants
  • Criteria for recognition
  • Recognition of a Government grant
  • Capital approach
  • Income approach
  • Grants related to assets
  • Presentation of grants related to assets
  • Example illustrating income approach and capital approach
  • Grants related to income
  • Presentation of grants related to income
  • Repayment of Government grants
  • Example explaining the procedure for repayment
  • Impairment of the new carrying amount of the asset
  • Balance Sheet and Profit and loss effect for repayment of government grant
  • Government Assistance

 

Additional features:

Session type – Detailed deliberation on Ind AS 20 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 20, and a soft copy of the presentation slides

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

149.00Add to cart

Ind AS 23 – Borrowing Costs

What you will learn from the video lecture:

  • Core Principle of Ind AS 23
  • What is a qualifying asset
  • What Borrowing Costs include
  • How to apply Effective Interest Method
  • Example illustrating zero-coupon bonds
  • Ascertain effective rate of interest
  • How to account for exchange differences arising from foreign exchange borrowings
  • What comprises qualifying assets
  • Scoped out assets
  • Recognition
  • Example demonstrating Borrowing Costs eligible for capitalisation
  • How to calculate capitalisation rate with numerical example
  • Weighted average borrowing
  • Excess of carrying amount of qualifying asset – Application of Ind AS 36
  • Time period of capitalisation

 

Additional features:

Session type – Detailed deliberation on Ind AS 23 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a  free comprehensive e-book on Ind AS 23 worth Rs. 49, presentation slides, and examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

199.00Add to cart

Ind AS 24 – Related Party Disclosures

What you will learn from the video lecture:

  • What is a related party
  • Features
  • Examples of related party transactions
  • Things to consider when related party is a person
  • What is Key management personnel
  • Examples illustrating conditions when an entity is related to a reporting entity
  • Examples of instances that are not related parties

 

Additional features:

Session type – Detailed explanation on Ind AS 24 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 24 and a soft copy of the presentation slides

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

99.00Add to cart

Ind AS 33 – Earnings per Share

What you will learn from the video lecture:

  • What is Earnings per Share (EPS)
  • Applicability of EPS
  • Ways in which EPS should be shown
  • What is basic EPS and its objective
  • Example to calculate weighted average number of shares
  • Ordinary shares
  • Bonus shares
  • Rights shares
  • Why weighting not required for Bonus issue with example
  • Numerical examples illustrating Bonus shares
  • How to calculate EPS when there are Rights shares
  • Theoretical ex-rights value per share
  • Diluted EPS with example

 

Additional features:

Session type – Detailed deliberation on Ind AS 33 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a free comprehensive e-book on Ind AS 33 worth Rs. 99, presentation slides, and examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

229.00Add to cart

Ind AS 36 – Impairment of Assets

What you will learn from the video lecture:

  • What is impairment loss
  • Recoverable amount
  • Fair value less costs of disposal
  • Value in use
  • Criteria for recognising an impairment loss
  • How to ascertain impairment of assets with example
  • Estimating value in use
  • Applying appropriate discount rate
  • Significance of time value of money
  • Effect of deferred taxes in PL when there is an impairment
  • Recognising and measuring an impairment loss
  • Reversing an impairment loss
  • Calculate impairment and its reversal after revaluation
  • Numerical examples illustrating impact on PL and OCI
  • Cash-generating unit (CGU)
  • Determination of recoverable amount of an individual asset
  • How to allocate impairment loss for a CGU
  • Treatment of goodwill
  • Reversing an impairment loss for a CGU
  • Numerical example interpreting provisions in the standard

 

Additional features:

Session type – Detailed deliberation on Ind AS 36 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a free comprehensive e-book on Ind AS 36 worth Rs. 149, presentation slides, and  examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

299.00Add to cart

Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets

What you will learn from the video lecture:

  • What is a provision
  • Meaning of liability
  • Conditions for recognition of provision
  • Legal obligation
  • Constructive obligation
  • Obligating event
  • Journal entries
  • Concept of finance cost
  • Contingent liability
  • Why contingent liability is not recognised
  • Summary of the main requirements
  • Contingent asset
  • Cases where contingent asset is recognised
  • How to measure a provision
  • Reimbursement
  • Use of provision
  • Future operating losses
  • Onerous contracts
  • Decommissioning, Restoration and Similar Liabilities
  • Restructuring
  • Numerical examples illustrating accounting of provision

 

Additional features:

Session type – Detailed deliberation on Ind AS 37 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a free comprehensive e-book on Ind AS 37 worth Rs. 99, presentation slides, and examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

249.00Add to cart

Ind AS 38 – Intangible Assets

What you will learn from the video lecture:

  • What is intangible asset
  • Essential feature of non-monetary asset
  • Conditions to meet the identification of an intangible asset
  • Recognition criteria
  • Examples of intangible assets when separately acquired
  • Ways in which intangible assets can be recognised
  • 2 phases of internally generated intangible assets
  • Treatment of research phase and development phase
  • Examples of research phase and development phase
  • Conditions required to recognise intangible asset in the development phase
  • Subsequent measurement
  • Assessment of useful life in order for basis of amortisation
  • Derecognition
  • Numerical examples to illustrate the important concepts

 

Additional features:

Session type – Detailed deliberation on Ind AS 38 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a free comprehensive e-book on Ind AS 38 worth Rs. 129, presentation slides, and examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

239.00Add to cart

Ind AS 41 – Agriculture

What you will learn from the video lecture:

  • What is Agriculture
  • Types of agricultural activity
  • Definition of harvest
  • Aspects of biological assets
  • Features of Bearer plant
  • Biological transformation
  • Qualitative and quantitative changes
  • Common features of agricultural activity
  • Distinguish between agricultural produce and product of harvest
  • Application of Ind AS 2
  • Recognition and Measurement
  • How to account when there is no separate market for biological assets
  • Gains and losses on initial recognition
  • Reason for fair value cannot be measured reliably
  • Government grants related to a biological asset

 

Additional features:

Session type – Detailed deliberation on Ind AS 41 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 41 and a soft copy of the presentation slides

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

149.00Add to cart

Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations

What you will learn from the video lecture:

  • What are non-current assets
  • Difference between Held for sale and Held and used
  • Separate classification in Balance Sheet
  • What is a disposal group
  • Features of a cash-generating unit
  • Firm purchase commitment
  • Factors to consider for selling plan
  • Measurement of non-current assets held for sale
  • 5 assets that do not fall under measurement provisions
  • Explanation to why such assets are scoped out of this standard
  • Subsequent measurement
  • Measurement of Disposal Group held for Sale
  • How to calculate impairment
  • Examples illustrating allocation of impairment on a pro-rata basis
  • Presentation
  • Discontinued operations
  • Aspects of component of an entity
  • Disclosure requirements

 

Additional features:

Session type – Detailed deliberation on Ind AS 105 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a free comprehensive e-book on Ind AS 105 worth Rs. 79, presentation slides, and examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

199.00Add to cart

Ind AS 106 – Exploration for and Evaluation of Mineral Resources

What you will learn from the video lecture:

  • Accounting significance
  • 3 important factors to consider when applying this Standard
  • Process for exploration and evaluation of mineral resources
  • How are assets measured
  • Decommissioning liability
  • Application of Ind AS 37
  • Examples of expenditure included in exploration and evaluation
  • Determination of technical feasibility and commercial viability
  • Difference between tangible assets and intangible assets with examples
  • When to recognise a provision
  • Measurement after Recognition
  • Reclassification criteria with examples
  • Impairment indicators

 

Additional features:

Session type – Detailed deliberation on Ind AS 106 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 106,  and a soft copy of the presentation slides

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

99.00Add to cart

Ind AS 108 – Operating Segments

What you will learn from the video lecture:

  • What is component of an entity
  • Aspects of Operating Segments
  • Factors to determine Operating Segments
  • Who is a Chief Operating Decision Maker (CODM)
  • Aggregation criteria
  • Which segments can be similar
  • Quantitative thresholds
  • Materiality concept
  • Factors to consider for operating segments
  • Example to illustrate identification of reportable segments

 

Additional features:

Session type – Detailed deliberation on Ind AS 108 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 108,  and a soft copy of the presentation slides

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

99.00Add to cart

Ind AS 113 – Fair Value Measurement

What you will learn from the video lecture:

  • Objectives of Fair Value
  • What is Framework
  • Pareto optimality in business
  • 3 important aspects of Fair Value measurement
  • Definition of Fair Value
  • Orderly transaction
  • Indicators for transactions that are not orderly
  • Principal market
  • Most advantageous market
  • Transaction costs
  • Transport costs
  • Characteristics of market participants
  • Strategic buyer
  • Financial buyer
  • Fair Value at initial recognition
  • Entry price and exit price
  • Valuation techniques
  • Observable and unobservable inputs
  • Approaches – Market, Cost and Income
  • Measurement
  • Highest and best use
  • Unit of account

 

Additional features

Session type – Detailed deliberation on Ind AS 113 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a comprehensive e-book on Ind AS 113, and a soft copy of the presentation slides

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

299.00Add to cart

Ind AS 115 – Revenue from Contracts with Customer

Customer Reviews  *****  (3)

Product Overview   BESTSELLER                                                                                                                    

Ind AS 115 – Revenue from Contracts with Customers has far-reaching effects on a company’s financial statements. It affects the top line of almost all organisations reporting under Ind AS. The new 5-step model, clearer guidance on segmenting contracts, multiple element arrangements, contract costs, significant financing components, and extensive disclosures are some of the areas that have changed the whole landscape of revenue recognition. Several new concepts have been introduced keeping in mind that revenue is a critical metric for financial users and there were important differences that existed which needed to be addressed.

The reason why it is of utmost importance to an entity is that it may cause revenue to be recognised earlier in some cases, but later in others compared to previous guidance. This in-depth video provides a full-scale coverage of each and every element of Ind AS 115 which has been explained in a user-friendly language with greater emphasis laid on accounting treatment. Important reporting and technical aspects are also discussed.  They are supported with the use of interactive teaching, numerical examples, and case studies that will enable you to understand this complex standard in detail and applying in practice.

What you will learn from the video lecture:

  • Definition of revenue
  • What are ordinary activities
  • What is a contract and a customer
  • Core principle
  • When to recognise revenue and at what amount
  • Performance obligation
  • Transaction price
  • Contract liability and contract asset
  • Receivable
  • 5-step model for Ind AS 115
  • Step 1 – 5 criteria for Identifying the contract
  • Existence of a contract
  • Combination of contracts with numerical example
  • Contract modifications
  • Step 2 – Identifying performance obligations
  • Distinct goods or services
  • Accounting for warranties with numerical example
  • Customer option for additional goods or services
  • Customer loyalty program
  • Non-refundable upfront fees
  • Principal versus agent considerations
  • Licensing
  • Difference between access and use
  • Step 3 – Determine the transaction price
  • Variable consideration
  • Refund liabilities with numerical example
  • Accounting for sale with a right of return
  • Constraining estimates of variable consideration
  • Accounting for significant financing component
  • Non-cash consideration
  • Consideration payable to a customer
  • Customers’ unexercised rights
  • Step 4 – Allocate the Transaction Price to Performance Obligations
  • Stand – alone selling price (SASP)
  • Allocation based on SASP
  • Estimation of SASP
  • Adjusted market assessment approach
  • Expected cost plus a margin approach
  • Residual approach
  • Allocation of a discount with numerical example
  • Allocation of variable consideration
  • Changes in the Transaction Price
  • Step 5 – Satisfaction of Performance Obligations
  • Definition of control
  • Benefits of an asset
  • When revenue should be recognised at a point in time or over time
  • Performance Obligations satisfied over time
  • Performance Obligations satisfied at a point in time
  • Measuring progress
  • What is output method and input method explained through numerical examples
  • Repurchase agreements
  • A forward or a call option
  • Put option
  • Consignment arrangements with numerical example
  • Indicators of a consignment arrangement
  • Bill-and-hold arrangements
  • Customer acceptance
  • Contract costs
  • Costs to obtain a contract
  • Costs to fulfill a contract
  • Amortisation and impairment
  • Presentation

 

Additional features:

Session type – Extensive deliberation on Ind AS 115 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a soft copy of the presentation slides and a handout of numerical worked examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

Watch time:  4 hours 26 minutes 

1,499.00Add to cart

Ind AS 116 – Leases

Customer Reviews  *****  (2)

Product Overview   FREQUENTLY BOUGHT                                                                                             

Ind AS 116 – Leases brings about a tremendous change in lease accounting for more than three decades. It has affected most companies reporting under Ind AS and will have a major impact on the financial statements of lessees of property and high-value equipment. The objective is to ensure that lessees and lessors provide relevant information in a manner that gives a basis for users to assess the effect that leases have on Balance Sheet, Profit or Loss and Cash flows of the entity.

This comprehensive e-lecture contains thorough explanation of each and every topic set out in this Standard. It will give you the full-fledged knowledge, training, and implementation skills necessary in today’s global business environment. It also aims to provide a robust guidance on identification, recognition, measurement, presentation and reporting needs of lease accounting. This video session addresses both the lessee and lessor accounting models, which are assisted by numerical worked problems, real-life examples and helpful illustrations to ensure complete understanding of Ind AS 116.

What you will learn from the video lecture:

  • Economics of a lease
  • Difference between a lessor and lessee
  • Lease payments
  • Objective of this standard
  • Recognition for a lessor and lessee
  • Right-of-use asset
  • Lease liability
  • Net investment in the lease
  • Lease receipts
  • Measurement process
  • Presentation
  • Importance of disclosures
  • Types of leases
  • Variety of risks and rewards
  • Combination of contracts
  • Separating components of a contract
  • Recognition exemptions
  • Short-term leases
  • Underlying asset is of low value
  • New lease for a short-term lease
  • Identified asset
  • Substantive substitution rights
  • Portion of assets
  • Economic benefits
  • Right to direct the use of identified asset
  • How and for what purpose the asset is used
  • Protective rights
  • Assessment of whether a contract is, or contains, a lease
  • Separating components of a contract for a lessee and lessor
  • Worked Example 1 – Initial measurement of lease liability
  • Lease term
  • Lessee: Recognition and measurement
  • Initial Recognition of Lease Liability and Right-of-use Asset
  • Worked Example 2 – How to account for in-substance fixed payments and effect in PL
  • Worked Example 3 – Calculate right-of-use asset
  • Treatment of variable lease payments
  • Subsequent measurement
  • Worked Example 4
  • Reassessment of the lease liability
  • Lease modifications
  • Worked Example 5 – Accounting for lease modifications when there is an increase in lease term
  • Worked Example 6 – Accounting for lease modifications when there is increase in scope
  • Lessor: Lease classification
  • Finance leases: Recognition and measurement
  • Initial measurement of the lease payments included in the net investment in the lease
  • Worked Example 7 – Finance lease
  • Manufacturer or dealer lessors
  • Worked Example 8
  • Worked Example 9
  • Accounting for finance lease modifications by a lessor
  • Operating leases
  • Lease modifications of an operating lease
  • Worked Example 10
  • Sublease classification
  • Sale and leaseback transactions including latest amendment NEW
  • Transfer of the asset is a sale
  • Worked Example 11
  • Accounting for potential adjustments
  • Worked Example 12
  • Transfer of the asset is not a sale

 

Additional features:

Session type – Extensive deliberation on Ind AS 116 with maximum use of practical examples and engaging illustrations

On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a soft copy of the presentation slides and a handout of numerical worked examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

Watch time:  4 hours 46 minutes 

1,499.00Add to cart

Combined and Consolidated Financial Statements (Covering 6 Standards)

Customer Reviews  *****  (3)

Product Overview   MUST WATCH                                                                            

Group accounting is crucial for ensuring transparency and accuracy in financial reporting across subsidiaries and parent companies. It enables stakeholders to gain a greater understanding of the financial health and performance of the entire group, fostering trust and confidence in the market. Our video lectures encompass six essential standards, providing in-depth insights into consolidation, equity method, business combinations, and more, empowering learners to navigate complicated accounting principles with confidence and proficiency.

Unlock the complexities of group accounting standards with our comprehensive Video Lectures bundle covering Ind AS 27, Ind AS 28, Ind AS 103, Ind AS 110, Ind AS 111, and Ind AS 112. More than 200+ important topics and concepts have been explained with practical examples and numerous illustrations. Dive deep into the intricacies of mergers and acquisitions, associates, joint ventures, joint arrangements, and related areas with expert-led tutorials designed to demystify these critical standards. Live demonstration of how to consolidate Balance Sheet, Statement of Profit and Loss, Other Comprehensive Income, and Statement of Changes in Equity is also included. Elevate your expertise and stay ahead in the world of Ind AS with our holistic e-lectures.

Covering 6 Standards – Ind AS 27, Ind AS 28, Ind AS 103, Ind AS 110, Ind AS 111 and Ind AS 112

 

Ind AS 27 – Separate Financial Statements

What you will learn:

  • What are Separate Financial Statements
  • Objective and Scope of Ind AS 27
  • Different aspects of Separate Financial Statements
  • Preparation
  • Accounting treatment
  • When an entity ceases to be an investment entity
  • When an entity becomes an investment entity
  • Dividends
  • Reorganising the structure of a group
  • Reference to Conceptual Framework
  • Primary Financial Statements
  • Combined Financial Statements
  • Unconsolidated Financial Statements
  • Consolidated Financial Statements

 

Ind AS 28 – Investments in Associates and Joint Ventures

What you will learn:

  • Objective
  • What is an associate
  • Joint venture
  • Significant influence
  • Financial and operating policies
  • Characteristics
  • Existence of significant influence
  • Equity method with examples
  • Changes in ownership interest with example
  • Equity method procedures with example
  • Upstream and downstream transactions
  • Reduction in NRV of assets
  • Contribution of non-monetary assets
  • Commercial substance
  • Equity interest
  • Accounting for investment
  • Determining entity’s share of the associate or joint venture
  • Entity’s net investment
  • When entity’s interest is reduced to zero
  • Impairment losses

 

Ind AS 110 – Consolidated Financial Statements

What you will learn:

  • Essence of consolidated financial statements
  • What is control
  • Power over an investee
  • Existing rights
  • Relevant activities with examples
  • Protective rights with examples
  • Purpose and design of an investee
  • Power with a majority of voting rights
  • Majority of the voting rights but not power
  • Power without a majority of the voting rights
  • Contractual arrangement with other vote holders
  • Rights from other contractual arrangements
  • Investor’s voting rights with examples
  • Potential voting rights with examples
  • Example of rights that can give an investor power
  • When voting cannot have a significant effect on an investee’s returns
  • Exposure, or rights, to variable returns from an investee
  • What affects the amount of the investor’s returns
  • Relationship with other parties
  • What are de facto agents
  • Accounting requirements
  • Non-controlling interests
  • Loss of control
  • Recognition and derecognition
  • What is an investment entity
  • Characteristics of an investment entity
  • Investment entities – exceptions to consolidation

 

Ind AS 111 – Joint Arrangements

What you will learn:

  • What is a joint arrangement
  • Party to a joint arrangement
  • Contractual arrangement
  • Joint control
  • Assessing joint control with examples
  • Types of joint arrangement
  • Classification of a joint arrangement
  • Structure
  • Structured through a separate vehicle
  • Legal form of the separate vehicle
  • Assessing the terms of the contractual agreement
  • Assessing other facts and circumstances
  • Classification of Joint Arrangement structured through a separate vehicle with examples
  • Joint operations
  • Accounting for sales or contributions of assets to a joint operation
  • Joint operation – other considerations
  • Joint ventures
  • Disclosures of interests in joint arrangements

 

Ind AS 103 – Business Combinations

What you will learn:

  • Definition of a business
  • Ordinary activities
  • Elements of a business
  • What is input, process and output with examples
  • Features of business combination
  • Who is an acquirer and acquiree
  • Definition of control
  • Mergers of equals and true merger
  • When it is an asset acquisition or business combination
  • Difference between asset acquisition and business combination
  • Optional Concentration Test
  • Applying the Concentration Test
  • Fair value of gross assets acquired
  • Single identifiable asset
  • Examples of single identifiable asset
  • Group of similar identifiable assets
  • Which assets are not similar assets
  • Examples of group of similar identifiable assets
  • Determining the concentration criteria
  • Assessing whether an acquired process is substantive
  • Evaluation when outputs are not present
  • Evaluation when outputs are present
  • Acquired contract
  • Identifying a Business Combination
  • Structure of a Business Combination
  • Acquisition method
  • Identifying the acquirer
  • Nature of investments
  • Determining the acquisition date
  • Recognition Principle
  • Recognition Conditions
  • Classifying or designating identifiable assets acquired and liabilities assumed in a business combination
  • Examples for different accounting
  • Exceptions
  • Measurement Principle
  • Non-controlling Interest (NCI)
  • Calculation of NCI and goodwill under both methods
  • Exceptions to the recognition or measurement principles
  • Contingent Liabilities
  • Example of Contingent Liabilities
  • Exceptions – Income Taxes
  • How DTA or DTL affect the amount of goodwill or bargain purchase
  • Employee Benefits
  • Indemnification assets
  • Leases in which the acquiree is the lessee
  • Reacquired rights
  • Pre-existing relationship
  • Assembled workforce and other items that are not identifiable
  • Share-based payment transactions with illustrations
  • Assets held for sale
  • Recognising and Measuring Goodwill or a Gain from a Bargain Purchase
  • Bargain Purchase with example
  • Consideration transferred with example
  • Contingent consideration
  • Business Combination achieved in stages with example
  • A Business Combination achieved without transfer or consideration
  • Measurement Period
  • Determining what is part of Business Combination
  • Arrangement for contingent payments to employees or selling shareholders
  • Assets with uncertain cash flows
  • Assets subject to operating leases in which the acquiree is the lessor
  • Assets that the acquirer intends to use in a different way
  • Non-controlling interest (NCI) in an acquiree
  • Acquisition-related costs
  • Subsequent measurement and accounting
  • Contingent liabilities
  • Indemnification assets
  • Several numerical examples illustrating how to consolidate BS, PL, OCI and SOCE

 

Ind AS 112 – Disclosure of Interests in Other Entities

What you will learn:

Since this is a disclosure based standard, applicable disclosures in Ind AS 112 should be applied with the other 5 standards.

  • What is interest in another entity
  • Contractual and non-contractual involvement
  • Purpose and design and consideration of risks
  • Evidence of interest in another entity
  • Objective and meeting it
  • Separate presentation of information
  • Significant judgements and assumptions and other disclosures
  • Investment entity status
  • Interest in subsidiaries and composition of the group
  • Disclosures for each subsidiary that has NCI
  • Nature and extent of significant restrictions
  • Consolidated structured entities
  • Nature and changes in risks associated
  • Disclosures for financial and other support
  • Interest in unconsolidated subsidiaries and list of disclosures required
  • Interests in joint arrangements and associates
  • Nature, extent and financial effects of an entity’s interests
  • Disclosures for different types of events, transactions and scenarios
  • Unconsolidated structured entities
  • Disclosures for nature of risks

Additional features:

Session type – Extensive deliberation on 6 standards with maximum use of practical examples and engaging illustrations

Subject matter –  200+ important topics and concepts are elaborately discussed

Live conversion – Actual demonstration of how to consolidate a Balance Sheet, PL, OCI and SOCE is included

On-Demand Access – Enjoy flexibility of accessing e-lectures anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a soft copy of the presentation slides and a handout of numerical worked examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

Watch time:  9 hours 17 minutes

2,999.00Add to cart

Financial Instruments

Covering 3 Standards

Ind AS 32 – Financial Instruments: Presentation

Ind AS 107 – Financial Instruments: Disclosures

Ind AS 109 – Financial Instruments

Coming soon

Combo deal

 

Introducing our Exclusive Combo Deal!

These bespoke and customised e-products are designed to upgrade your knowledge and accelerate your learning 7x faster. Get access to our revolutionary educational resources which contain a perfect blend of cutting-edge video lectures and comprehensive e-books, all at an irresistible discounted price!

What’s included:

Video Lectures:  Immerse yourself in our highly interactive and market-proven video content led by industry specialist where concepts come to life with engaging visuals and expert commentary, making learning an enjoyable and effective experience. These e-lectures can be watched unlimited times as there is no restriction to the number of views.

e-Books:  With our extensive library of e-books covering a wide array of topics, you will have access to in-depth knowledge and valuable resources at your fingertips. From fundamental principles to advanced topics, our e-books provide detailed explanations, practical examples, and real-world scenarios to reinforce your understanding.

Key features:

  • Convenience: Study anytime, anywhere with access to both video lectures and e-books on your preferred device.
  • Expert Guidance: Learn from industry expert who bring years of practical experience and academic rigour to their teachings.
  • Comprehensive Coverage: Gain a thorough and complete understanding of Ind AS from foundational concepts to advanced applications.
  • Interactive Learning: Engage with presentations, work through examples, and supplementary materials to apply your learning at work.
  • Cost-Effective: Save big with our discounted price and enjoy significant savings. Because investing in education should never break the bank!

 

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Our Combo Deal Products

Ind AS Learning Kit (Video Lectures + e-Books Package)

About the product   BEST VALUE                                                                                  Customer Reviews  *****  (7)

Introducing our comprehensive solution for mastering Ind AS (Indian Accounting Standards) – a dynamic blend of video lectures and e-books meticulously crafted to empower learners with in-depth knowledge and practical insights at a discounted price. Dive into the intricate world of Ind AS with our engaging video lectures, led by our Founder, Dr. Amitabha Mukherjee who brings years of experience and specialisation to the forefront. Important paragraphs and provisions in the standards have been simplified in a crystal clear manner through use of numerical problems and lucid illustrations. Accounting implications with journal entries and technical issues are also discussed. With crisp explanations, real-world examples, and interactive discussions, these lectures make complex concepts digestible and accessible to learners of all levels.

Complementing the video lectures are our specially curated e-books, serving as your go-to reference guides for deeper understanding and revision. These e-books are thoughtfully structured to align seamlessly with the video content, offering detailed commentary, solved problems and illustrative case studies. It contains an extensive summary of the standards written in a user-friendly language with more than 1,000+ practical examples.

Whether you’re working in industry or practice, a professional seeking to stay ahead in your career, or an organisation looking to upskill your workforce, our Ind AS Video Lectures plus e-books offer an all-inclusive and convenient learning solution tailored to your needs.

 

Key features:

Videos type – Research based high-quality video lectures led by industry veteran with years of training and implementation background

e-Books – 1,100+ pages of concise and comprehensive e-books for enhanced proficiency and expertise

Teaching method – Detailed deliberation with the use of maximum real-world examples and case studies for practical application

On-Demand Access – Grasp at your own pace. Flexible learning experience accessible anytime, anywhere on any device

Unlimited views – There is no restriction to the number of views

Study materials – Receive specialised e-books, presentation slides, and handouts of numerical problems and illustrations

Bonus offer – Latest publications and updated videos on any new amendments or new standards shall be sent to you at no additional cost

Technical support – Free clarification of queries and consultation is offered from the date of purchase

Validity – Lifetime access. You do not have to renew your subscription or pay any extra charges

Unlock the power of Ind AS mastery with our immersive video lectures and e-books. Elevate your journey and stay ahead in the world of accounting and financial reporting. This combo deal is the Ultimate Learning Kit on Ind AS.

This is your one-time investment for your lifelong learning!

 

Standards covered:

  • Ind AS 1 – Presentation of Financial Statements
  • Ind AS 2 – Inventories
  • Ind AS 7 – Statement of Cash Flows
  • Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
  • Ind AS 10 – Events after the Reporting Period
  • Ind AS 12 – Income Taxes
  • Ind AS 16 – Property, Plant and Equipment
  • Ind AS 20 – Accounting for Government Grants and Disclosure of Government Assistance
  • Ind AS 21 – The Effects of Changes in Foreign Exchange Rates
  • Ind AS 23 – Borrowing Costs
  • Ind AS 24 – Related Party Disclosures
  • Ind AS 27 – Separate Financial Statements
  • Ind AS 28 – Investments in Associates and Joint Ventures
  • Ind AS 29 – Financial Reporting in Hyperinflationary Economies
  • Ind AS 33 – Earnings per Share
  • Ind AS 34 – Interim Financial Reporting
  • Ind AS 36 – Impairment of Assets
  • Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets
  • Ind AS 38 – Intangible Assets
  • Ind AS 40 – Investment Property
  • Ind AS 41 – Agriculture
  • Ind AS 103 – Business Combinations
  • Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations
  • Ind AS 106 – Exploration for and Evaluation of Mineral Resources
  • Ind AS 108 – Operating Segments
  • Ind AS 110 – Consolidated Financial Statements
  • Ind AS 111 – Joint arrangements
  • Ind AS 112 – Disclosure of Interests in Other Entities
  • Ind AS 113 – Fair Value Measurement
  • Ind AS 115 – Revenue from Contracts with Customers
  • Ind AS 116 – Leases

 

For more details regarding learning objectives of a particular standard, please click here.

 


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About the e-Books

Developed after over a decade of rigorous research and analysis, these e-books contain a comprehensive summary of the Standards written in a user-friendly language. It features more than 1,000 practical examples, thoroughly formulated to illustrate the technicalities and intricacies of Ind AS. It will enable you to interpret the standards efficiently, apply them at work and thus bridge the gap between theory and practice.

Our unique methodology is that we use several numerical examples explained through accounting calculations, journal entries, paragraph references, income tax effect and finally their effect on financial statements, which you will not find elsewhere. These publications represent the pinnacle of knowledge and understanding in the field of Ind AS. So no more drowning in jargon or struggling to decipher complex accounting standards. Our e-books are designed with the user in mind, ensuring readability and comprehension for professionals at all levels.

Total Pages: 1,156

See e-Book

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Ind AS 12: Income Taxes

About the product   MUST BUY                                                                                   Customer Reviews  *****  (2)

The significance of Indian Accounting Standard 12 is that it states that an entity is required to show the income tax effect of each and every event and transaction. Thus, in essence, Ind AS is a form of triple-entry bookkeeping. It addresses the complexities of deferred taxation, which arises from temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases. Understanding and properly accounting for deferred tax assets and liabilities are essential for accurately reflecting an entity’s financial position and performance.

Discover the nuances of this Standard through our comprehensive video lecture and e-book. Delve into the intricate world of income taxes with expert guidance and clear explanations. In this engaging e-lecture and handbook, you’ll explore the fundamental principles and practical applications of Ind AS 12, gaining a deeper understanding of its effect on financial reporting. Our experienced instructor breaks down complex concepts into digestible segments, ensuring clarity and comprehension for learners at all levels. Acquire practical insights through real-world examples and case studies, bridging the gap between theory and application. From deferred tax assets and liabilities to impact on financial statements and relation to other accounting standards, every aspect of Ind AS 12 is meticulously explored with the use of several numerical examples and lucid illustrations.

What you will learn from the video lecture:

  • Difference between accounting for business and taxation
  • Features of accounting profit and taxable profit
  • Accrual basis
  • Objective of Ind AS 12
  • Where tax effects of transactions and events are recorded
  • Types of gain
  • Definition of accounting profit
  • Illustration of tax effect in PL, OCI and directly in equity
  • Tax base
  • Examples to differentiate between carrying amount and tax base
  • Temporary differences
  • Taxable temporary difference
  • Deductible temporary difference
  • Ascertainment of current tax
  • Deferred tax liability
  • Deferred tax asset
  • Calculation of goodwill
  • Necessity of deferred taxes
  • Treatment of deep-discount bond
  • Illustration – Deferred tax liability recognised in PL
  • Illustration – Deferred tax asset recognised in PL
  • Example – Deferred taxes recognised in OCI
  • Example – Deferred taxes liability recognised directly in equity
  • Difference in accounting profit and taxable profit
  • Carryforwards and set off
  • Illustration – Warranty provision under Ind AS 37
  • Illustration – Deferred tax on Intangible Assets under Ind AS 38
  • Illustration – Deferred tax on Revaluation of PPE under Ind AS 16

 

Key Features:

Session type – Extensive deliberation on Ind AS 12 with maximum use of practical examples and interactive discussion

e-Book – 80+ pages of elaborate commentary and illustrative cases for complete understanding

On-Demand Access –  Video can be accessed anywhere, anytime on any device such as PC, Laptop, Tablet and Mobile

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a detailed e-book on Ind AS 12, presentation slides, and a handout of numerical worked examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

Watch time: 2 hours 15 minutes


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About the e-Book

Income Tax is considered to be a complex subject in the world. The reason why this Standard is of utmost importance is that it requires an entity to show the income tax effect of each and every event and transaction. Accounting for business and accounting for taxation are two different things. Accounting profit is the profit or loss for a period before deducting tax expense. Taxable profit (tax loss) is the profit (loss) for a period, determined in accordance with the rules established by the taxation authorities, upon which income taxes are payable (recoverable).

This e-book includes a comprehensive coverage on the application of this Standard on an entity’s financial statements and it contains more than 60 practical numerical examples illustrating in detail the accounting treatment for income taxes.

Pages: 83

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Ind AS 115: Revenue from Contracts with Customers

About the product   RECOMMENDED                                                                               Customer Reviews  *****  (3)

Ind AS 115 – Revenue from Contracts with Customers has far-reaching effects on a company’s financial statements. It affects the top line of almost all organisations reporting under Ind AS. The new 5-step model, clearer guidance on segmenting contracts, multiple element arrangements, contract costs, significant financing components, and extensive disclosures are some of the areas that have changed the whole landscape of revenue recognition. Several new concepts have been introduced keeping in mind that revenue is a critical metric for financial users and there were important differences that existed which needed to be addressed.

The reason why it is of utmost importance to an entity is that it may cause revenue to be recognised earlier in some cases, but later in others compared to previous guidance. This in-depth video and comprehensive e-book provides a full-scale coverage of each and every element of Ind AS 115 which has been explained in a user-friendly language with greater emphasis laid on accounting treatment. Important reporting and technical aspects are also discussed.  They are supported with the use of interactive teaching, numerical examples, and case studies that will enable you to understand this complex standard in detail and applying in practice.

What you will learn from the video lecture:

  • Definition of revenue
  • What are ordinary activities
  • What is a contract and a customer
  • Core principle
  • When to recognise revenue and at what amount
  • Performance obligation
  • Transaction price
  • Contract liability and contract asset
  • Receivable
  • 5-step model for Ind AS 115
  • Step 1 – 5 criteria for Identifying the contract
  • Existence of a contract
  • Combination of contracts with numerical example
  • Contract modifications
  • Step 2 – Identifying performance obligations
  • Distinct goods or services
  • Accounting for warranties
  • Customer option for additional goods or services
  • Customer loyalty program
  • Non-refundable upfront fees
  • Principal versus agent considerations
  • Licensing
  • Difference between access and use
  • Step 3 – Determine the transaction price
  • Variable consideration
  • Refund liabilities with numerical example
  • Accounting for sale with a right of return
  • Constraining estimates of variable consideration
  • Accounting for significant financing component
  • Non-cash consideration
  • Consideration payable to a customer
  • Customers’ unexercised rights
  • Step 4 – Allocate the Transaction Price to Performance Obligations
  • Stand – alone selling price (SASP)
  • Allocation based on SASP
  • Estimation of SASP
  • Adjusted market assessment approach
  • Expected cost plus a margin approach
  • Residual approach
  • Allocation of a discount with numerical example
  • Allocation of Variable Consideration
  • Changes in the Transaction Price
  • Step 5 – Satisfaction of Performance Obligations
  • Definition of control
  • Benefits of an asset
  • When revenue should be recognised at a point in time or over time
  • Performance Obligations satisfied over time
  • Performance Obligations satisfied at a point in time
  • Measuring progress
  • What is output method and input method explained through numerical examples
  • Repurchase agreements
  • A forward or a call option
  • Put option
  • Consignment arrangements with numerical example
  • Indicators of a consignment arrangement
  • Bill-and-hold arrangements
  • Customer acceptance
  • Contract costs
  • Costs to obtain a contract
  • Costs to fulfill a contract
  • Amortisation and impairment
  • Presentation

 

Key Features:

Session type – Extensive deliberation on Ind AS 115 with maximum use of practical examples and engaging illustrations

e-Book – 170+ pages of concise and comprehensive e-book for deeper knowledge

On-Demand Access –  Video can be accessed anywhere, anytime on any device such as PC, Laptop, Tablet and Mobile

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a detailed e-book on Ind AS 115, presentation slides, and a handout of numerical worked examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

Watch time:  4 hours 26 minutes


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About the e-Book

Illustrative Guide to Ind AS 115

Revenue from Contracts with Customers

This e-Book gives you the most complete and comprehensive guidance on the current revenue standard. Several new  concepts relating to revenue recognition have been simplified with the use of more than 100+ worked-out examples and real-life based case studies. Substantial prominence has been laid on accounting treatment with detailed commentary on the application, computation of figures, presentation, and disclosure requirements. This document is your ultimate handbook in understanding the difficulties and intricacies of this complex standard.

Contains

  • An in-depth explanation of the standard written in a lucid language
  • More than 100+ practical examples
  • 20+ numerical worked-out problems showing income tax effect
  • Journal entries, paragraph references, and effect on financial statements illustrated in detail
  • 8+ case studies based on industry-specific scenarios

Pages: 177                                                                                                                                                                                       Edition: 3rd

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Ind AS 116: Leases

About the product  EXPERT’S CHOICE                                                                            Customer Reviews  *****  (2)

Ind AS 116 – Leases brings about a tremendous change in lease accounting for more than three decades. It has affected most companies reporting under Ind AS and will have a major impact on the financial statements of lessees of property and high-value equipment. The objective is to ensure that lessees and lessors provide relevant information in a manner that gives a basis for users to assess the effect that leases have on Balance Sheet, Profit or Loss and Cash flows of the entity.

This combo package of specialised e-lecture and exclusive e-book contains a thorough explanation of each and every topic set out in this Standard. It will give you the full-fledged knowledge, training, and implementation skills necessary in today’s global business environment. It also aims to provide a robust guidance on identification, recognition, measurement, presentation and reporting needs of lease accounting. This video session and e-book addresses both the lessee and lessor accounting models, which are assisted by numerical worked problems, real-life examples and helpful illustrations to ensure complete understanding of Ind AS 116.

What you will learn from the video lecture:

  • Economics of a lease
  • Difference between a lessor and lessee
  • Lease payments
  • Objective of this standard
  • Recognition for a lessor and lessee
  • Right-of-use asset
  • Lease liability
  • Net investment in the lease
  • Lease receipts
  • Measurement process
  • Presentation
  • Importance of disclosures
  • Types of leases
  • Variety of risks and rewards
  • Combination of contracts
  • Separating components of a contract
  • Recognition exemptions
  • Short-term leases
  • Underlying asset is of low value
  • New lease for a short-term lease
  • Identified asset
  • Substantive substitution rights
  • Portion of assets
  • Economic benefits
  • Right to direct use of identified asset
  • How and for what purpose the asset is used
  • Protective rights
  • Assessment of whether a contract is, or contains, a lease
  • Separating components of a contract for a lessee and lessor
  • Worked Example – Initial measurement of lease liability
  • Lease term
  • Lessee: Recognition and measurement
  • Initial Recognition of Lease Liability and Right-of-use Asset
  • Worked Example – How to account for in-substance fixed payments and effect in PL
  • Worked Example – Calculate right-of-use asset
  • Treatment of variable lease payments
  • Subsequent measurement
  • Worked Example 4
  • Reassessment of the lease liability
  • Lease modifications
  • Worked Example 5 – Accounting for increases in lease term
  • Worked Example 6 – Accounting for lease modifications when there is increase in scope
  • Lessor: Lease classification
  • Finance leases: Recognition and measurement
  • Initial measurement of the lease payments included in the net investment in the lease
  • Worked Example 7 – Finance lease
  • Manufacturer or dealer lessors
  • Worked Example 8
  • Worked Example 9
  • Accounting for finance lease modifications by a lessor
  • Operating leases
  • Lease modifications: Operating lease
  • Worked Example 10
  • Sublease classification
  • Sale and leaseback transactions including latest amendment NEW
  • Transfer of the asset is a sale
  • Worked Example 11
  • Accounting for potential adjustments
  • Worked Example 12
  • Transfer of the asset is not a sale

 

Key Features:

Session type – Extensive deliberation on Ind AS 116 with maximum use of practical examples and engaging illustrations

e-Book – 150+ pages of technical and authoritative e-book for greater comprehension

On-Demand Access –  Video can be accessed anywhere, anytime on any device such as PC, Laptop, Tablet and Mobile

Unlimited Views  – There is no restriction to the number of views

Study material  –  You will receive a full e-book on Ind AS 116, presentation slides, and a handout of numerical worked examples

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

       Watch time: 4 hours 46 minutes


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About the e-Book

Ind AS 116 – Leases

Ind AS 116 is the most significant change to lease accounting in over 30 years. It specifies how an entity will recognise, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value. This Standard substantially carries forward the lessor accounting guidelines in Ind AS 17, with the exception of the definition of a lease, initial direct costs and lessor disclosures. This 150+ page self-explanatory e-Book contains a comprehensive coverage of the lease requirements and its impact on financial statements.

Contains

  • Detailed commentary on the application of the standard written in a clear and simple language
  • 50+ practical examples illustrated with journal entries to show the effect of these reporting rules
  • 7 case studies demonstrating the accounting treatment from both the lessor and lessee perspective
  • Includes the latest amendment relating to sale and leaseback transactions NEWLY ADDED

Pages: 153                                                                                                                                                                                       

Edition: 2024

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Combined and Consolidated Financial Statements (Covering 6 Standards)

About the product  VALUE FOR MONEY                                                                            Customer Reviews  *****  (5)

Group accounting is crucial for ensuring transparency and accuracy in financial reporting across subsidiaries and parent companies. It enables stakeholders to gain a greater understanding of the financial health and performance of the entire group, fostering trust and confidence in the market. This e-product encompasses six essential standards, providing in-depth insights into consolidation, equity method, business combinations, and more, empowering learners to navigate complicated accounting principles with confidence and proficiency.

Unlock the complexities of group accounting standards with our comprehensive Video Lectures and e-Books bundle covering Ind AS 27, Ind AS 28, Ind AS 103, Ind AS 110, Ind AS 111, and Ind AS 112. More than 200+ important topics and concepts have been explained in simple language through practical examples and numerous illustrations. Dive deep into the intricacies of mergers and acquisitions, associates, joint ventures, joint arrangements, and related areas with expert-led tutorials and extensive commentary designed to demystify these critical standards. Live demonstration of how to consolidate Balance Sheet, Profit and Loss, Other Comprehensive Income, and Statement of Changes in Equity is also included. Elevate your expertise and stay ahead in the world of Ind AS with our holistic e-lectures and e-books.

Covering 6 Standards – Ind AS 27, Ind AS 28, Ind AS 103, Ind AS 110, Ind AS 111 and Ind AS 112

 

Ind AS 27 – Separate Financial Statements

What you will learn:

  • What are Separate Financial Statements
  • Objective and Scope of Ind AS 27
  • Different aspects of Separate Financial Statements
  • Preparation
  • Accounting treatment
  • When an entity ceases to be an investment entity
  • When an entity becomes an investment entity
  • Dividends
  • Reorganising the structure of a group
  • Reference to Conceptual Framework
  • Primary Financial Statements
  • Combined Financial Statements
  • Unconsolidated Financial Statements
  • Consolidated Financial Statements

 

Ind AS 28 – Investments in Associates and Joint Ventures

What you will learn:

  • Objective
  • What is an associate
  • Joint venture
  • Significant influence
  • Financial and operating policies
  • Characteristics
  • Existence of significant influence
  • Equity method with examples
  • Changes in ownership interest with example
  • Equity method procedures with example
  • Upstream and downstream transactions
  • Reduction in NRV of assets
  • Contribution of non-monetary assets
  • Commercial substance
  • Equity interest
  • Accounting for investment
  • Determining entity’s share of the associate or joint venture
  • Entity’s net investment
  • When entity’s interest is reduced to zero
  • Impairment losses

 

Ind AS 110 – Consolidated Financial Statements

What you will learn:

  • Essence of consolidated financial statements
  • What is control
  • Power over an investee
  • Existing rights
  • Relevant activities with examples
  • Protective rights with examples
  • Purpose and design of an investee
  • Power with a majority of voting rights
  • Majority of the voting rights but not power
  • Power without a majority of the voting rights
  • Contractual arrangement with other vote holders
  • Rights from other contractual arrangements
  • Investor’s voting rights with examples
  • Potential voting rights with examples
  • Example of rights that can give an investor power
  • When voting cannot have a significant effect on an investee’s returns
  • Exposure, or rights, to variable returns from an investee
  • What affects the amount of the investor’s returns
  • Relationship with other parties
  • What are de facto agents
  • Accounting requirements
  • Non-controlling interests
  • Loss of control
  • Recognition and derecognition
  • What is an investment entity
  • Characteristics of an investment entity
  • Investment entities – exceptions to consolidation

 

Ind AS 111 – Joint Arrangements

What you will learn:

  • What is a joint arrangement
  • Party to a joint arrangement
  • Contractual arrangement
  • Joint control
  • Assessing joint control with examples
  • Types of joint arrangement
  • Classification of a joint arrangement
  • Structure
  • Structured through a separate vehicle
  • Legal form of the separate vehicle
  • Assessing the terms of the contractual agreement
  • Assessing other facts and circumstances
  • Classification of Joint Arrangement structured through a separate vehicle with examples
  • Joint operations
  • Accounting for sales or contributions of assets to a joint operation
  • Joint operation – other considerations
  • Joint ventures
  • Disclosures of interests in joint arrangements

Ind AS 103 – Business Combinations

What you will learn:

  • Definition of a business
  • Ordinary activities
  • Elements of a business
  • What is input, process and output with examples
  • Features of business combination
  • Who is an acquirer and acquiree
  • Definition of control
  • Mergers of equals and true merger
  • When it is an asset acquisition or business combination
  • Difference between asset acquisition and business combination
  • Optional Concentration Test
  • Applying the Concentration Test
  • Fair value of gross assets acquired
  • Single identifiable asset
  • Examples of single identifiable asset
  • Group of similar identifiable assets
  • Which assets are not similar assets
  • Examples of group of similar identifiable assets
  • Determining the concentration criteria
  • Assessing whether an acquired process is substantive
  • Evaluation when outputs are not present
  • Evaluation when outputs are present
  • Acquired contract
  • Identifying a Business Combination
  • Structure of a Business Combination
  • Acquisition method
  • Identifying the acquirer
  • Nature of investments
  • Determining the acquisition date
  • Recognition Principle
  • Recognition Conditions
  • Classifying or designating identifiable assets acquired and liabilities assumed in a business combination
  • Examples for different accounting
  • Exceptions
  • Measurement Principle
  • Non-controlling Interest (NCI)
  • Calculation of NCI and goodwill under both methods
  • Exceptions to the recognition or measurement principles
  • Contingent Liabilities
  • Example of Contingent Liabilities
  • Exceptions – Income Taxes
  • How DTA or DTL affect the amount of goodwill or bargain purchase
  • Employee Benefits
  • Indemnification assets
  • Leases in which the acquiree is the lessee
  • Reacquired rights
  • Pre-existing relationship
  • Assembled workforce and other items that are not identifiable
  • Share-based payment transactions with illustrations
  • Assets held for sale
  • Recognising and Measuring Goodwill or a Gain from a Bargain Purchase
  • Bargain Purchase with example
  • Consideration transferred with example
  • Contingent consideration
  • Business Combination achieved in stages with example
  • A Business Combination achieved without transfer or consideration
  • Measurement Period
  • Determining what is part of Business Combination
  • Arrangement for contingent payments to employees or selling shareholders
  • Assets with uncertain cash flows
  • Assets subject to operating leases in which the acquiree is the lessor
  • Assets that the acquirer intends to use in a different way
  • Non-controlling interest (NCI) in an acquiree
  • Acquisition-related costs
  • Subsequent measurement and accounting
  • Contingent liabilities
  • Indemnification assets
  • Several numerical examples illustrating how to consolidate BS, PL, OCI and SOCE

 

Ind AS 112 – Disclosure of Interests in Other Entities

What you will learn:

Since this is a disclosure based standard, applicable disclosures in Ind AS 112 should be applied with the other 5 standards.

  • What is interest in another entity
  • Contractual and non-contractual involvement
  • Purpose and design and consideration of risks
  • Evidence of interest in another entity
  • Objective and meeting it
  • Separate presentation of information
  • Significant judgements and assumptions and other disclosures
  • Investment entity status
  • Interest in subsidiaries and composition of the group
  • Disclosures for each subsidiary that has NCI
  • Nature and extent of significant restrictions
  • Consolidated structured entities
  • Nature and changes in risks associated
  • Disclosures for financial and other support
  • Interest in unconsolidated subsidiaries and list of disclosures required
  • Interests in joint arrangements and associates
  • Nature, extent and financial effects of an entity’s interests
  • Disclosures for different types of events, transactions and scenarios
  • Unconsolidated structured entities
  • Disclosures for nature of risks

 

Key Features:

Subject matter – 200+ important topics and concepts are meticulously discussed in video lectures

Session type – Detailed deliberation on 6 standards with maximum use of practical examples and engaging illustrations

e-Book – 230+ pages of specially curated e-book for thorough understanding

Live conversion – Actual demonstration of how to consolidate a Balance Sheet, PL, OCI and SOCE is included

On-Demand Access –  Videos can be accessed anywhere, anytime on any device such as PC, Laptop, Tablet and Mobile

Unlimited Views  – There is no restriction to the number of views

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

Study material  –  Receive an in-depth e-book, presentation slides and a handout of numerical worked examples of all 6 standards

Watch time:  9 hours 17 minutes


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About the e-Book

Combined and Consolidated Financial Statements under Ind AS

Consolidation is the ultimate form of accounting. It establishes principles of preparing financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flow of the parent and its subsidiaries are presented as those of a single economic entity. This research based and extensive e-Book contains a high-level technical summary of all 6 standards namely:

  1. Ind AS 27:   Separate Financial Statements
  2. Ind AS 28:   Investments in Associates and Joint Ventures
  3. Ind AS 103: Business Combinations
  4. Ind AS 110: Consolidated Financial Statements
  5. Ind AS 111: Joint Arrangements
  6. Ind AS 112: Disclosure of Interests in Other Entities

It has been interpreted in detail how these standards are articulated with the use of maximum numerical worked-out examples and case studies. They are further elaborated through exhaustive accounting calculations, journal entries, applicable paragraphs, extracts of financial statements and much more. Moreover, the new Amendment to the Definition of a Business has been included with accurate illustrations.

Pages: 235                                                                                                                                                                                   Edition: 3rd

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Financial Instruments

Covering 3 Standards

Ind AS 32 – Financial Instruments: Presentation

Ind AS 107 – Financial Instruments: Disclosures

Ind AS 109 – Financial Instruments

Coming soon