Practice Brief • Accounting, Ind AS & Financial Reporting
Ind AS Advisory & Conversion Services
Seamless transition from Indian GAAP to Ind AS, policy formulation, and fair value adjustments.
Turnaround: 4 to 8 weeks depending on balance sheet complexity
Practice Lead: CA. R.A. Dhoot & Technical Accounting Cell
Practice Methodology & Regulatory Scope
Ind AS introduces fair value accounting, complex lease accounting (Ind AS 116), revenue recognition models (Ind AS 115), and financial instrument classification (Ind AS 109). We prepare transition date opening balance sheets, calculate deferred taxes, and draft technical notes.
Governing Statutory Acts & Guidelines
Companies (Indian Accounting Standards) Rules 2015
Ind AS 101 (First-Time Adoption)
Ind AS 115, 116 & 109
Schedule III Division II
Tangible Client Deliverables
1
Ind AS Impact Assessment & Gap Analysis Report2
Opening Ind AS Balance Sheet preparation with transition exemptions under Ind AS 1013
Computation of fair values for financial instruments and employee loans4
Lease accounting models under Ind AS 116 (Right-of-Use Asset & Lease Liability)5
Ind AS accounting manual and revised corporate accounting policiesMeasurable Enterprise Safeguards
Flawless compliance with mandatory Ind AS statutory thresholds
Standardized financial reporting matching global investor expectations
Smooth sign-off by statutory auditors without qualification
Statutory Practice FAQs
Q: When does Ind AS become mandatory for unlisted companies in India?
A: Ind AS is mandatory for all unlisted companies having a net worth of ₹250 Crores or more, as well as their holding, subsidiary, joint venture, and associate companies.
Partner Consultation
Engage Practice Partner
Schedule an in-person chambers discussion or encrypted virtual conference with our senior practice leader.
Designated Partner Lead:
CA. R.A. Dhoot & Technical Accounting Cell
ICAI Fellow Chartered Accountant
Strict client confidentiality maintained under ICAI Code of Ethics.