Ind AS financial reporting
Indian Accounting Standards change how revenue, leases, financial instruments and group structures appear in your accounts. We prepare and review those accounts, and the disclosures that go with them.
Work we do
- Checking whether Ind AS applies to your entity, and planning the move from Accounting Standards (first-time adoption, Ind AS 101)
- Opening balance sheet, transition reconciliations and comparative figures
- Standalone and consolidated financial statements in the Schedule III (Division II) format
- Accounting positions on revenue (Ind AS 115), leases (Ind AS 116), financial instruments (Ind AS 109), share-based payments (Ind AS 102) and business combinations (Ind AS 103)
- Impairment, fair-value and expected-credit-loss workings
- Disclosure checklists, notes to accounts and group reporting packs
Usually relevant when
You are a listed company, an unlisted company above the prescribed net-worth threshold, or part of a group that is. Also when a parent, lender or investor needs Ind AS numbers from you, or you are preparing to list.
Where we prepare or compile financial statements, the work follows SRS 4410 (Revised) and gives no assurance. We do not prepare the accounts of a company whose statutory audit we conduct.
Related tools
- Lease calculatorInd AS 116 liability and asset
- Effective interest rateInd AS 109 amortised cost
- Expected credit lossProvision matrix for receivables
- Applicability checkersInd AS and BRSR
Related guides
- Ind AS: applicability, key standards and transitionIndian Accounting Standards (Ind AS) are converged with IFRS and prescribed under the Companies (Indian Accounting Standards) Rules, 2015. This guide covers who must follow them, how they...
- Expected credit loss on trade receivables (Ind AS 109)How to apply the simplified approach and a provision matrix, with a worked example.