Dear professionals LET US DISCUSS IFRS March 3, 2016 1

Dear professionals LET US DISCUSS

IFRS

May 8, 2023

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Let us kill creative accounting Thru IFRS SECURITISATION OF DEBTS

Beaten by

Compulsory group consolidation

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Creative accounting VS IFRS

IFRSIFRS

SecuritisationSecuritisation of of

debtsdebtsStockStock

valuationvaluation

Prior periodPrior perioditemsitems

JVs &JVs &associatesassociates

UnlistedUnlisted& private& private

subsidiriessubsidiries

Historical Historical costscosts

NPANPATREATMENTSTREATMENTS

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Form vs substance:revenue recognition

Legal contract

Substantially Consumed

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Shared based paymentsESOP

FAIR VALUE VS INTRINSIC VALUE

DEFINED BENEFITS PENSION COSTS SMOOTHING???

Future paymentsAccrual on PV

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FINANCIAL INSTRUMENTS

SMEs 2SMEs 2 classes onlyclasses only

Available Available For saleFor sale

Held to Held to maturitymaturity

Fair valueFair valueThru P & LThru P & L

Loans &receivables

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TAXES DEFERRED TAX ASSETS DEFERRED TAX LIABILITIES

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Disclosures – dilemma world over

Creative Accounting

CorporateGovernance

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EXAMPLESCONSTRUCTION INDUSTRY

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I.T. projects

Steel mines

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banksRetail developmental right

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ANY QUESTIONS OR HAVE I CONFUSED YOU ENOUGH?

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disclosures

Prior period adjustments

Huge number

Direct resp.e.g. valuer name

Certainitiesreasonable

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Thank you R N BHAVE

mohanbhave@gmail.com

+91 9322249833+91 9322249833+91 9004043365+91 9004043365

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