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Creative accounting VS IFRSIFRS Securitisation of ofdebts Stockvaluation Prior period items JVs & associatesUnlisted & private subsidiries Historicalcosts NPATREATMENTS 3
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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
_____________________________________________________
I.T. projects
Steel mines
___________________________________________________
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
+91 9322249833+91 9322249833+91 9004043365+91 9004043365
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