Evaluation of the Impact of IND AS 113 Fair Value Measurement on Financial Statements (Record no. 50902)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01873nam a2200193 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190114123147.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190114b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Gupta, Ambrish |
| 9 (RLIN) | 32885 |
| 245 ## - TITLE STATEMENT | |
| Title | Evaluation of the Impact of IND AS 113 Fair Value Measurement on Financial Statements |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 7-22 p |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Fair value is the mantra of today in financial reporting across borders. In India also, the Institute of Chartered Accountants of India (ICAI) converged its accounting standards with IFRSs and accordingly, corporate financial statements beginning accounting year 2016-17 started disclosing financial figures based on fair value measurement. One of the purposes of fair value measurement is to narrow the gap between balance sheet value and market value of a company. Fair value measurement aims at fair recording of a business transaction so that the financial statements are able to show a true and fair view of the profitability and financial position. Fair value measurement can be applied to different elements of financial statements. I put this measurement basis to test through a case with reference to fair value mechanism applicable to purchase of current investments and their continuing holding on the balance sheet date. The results clearly supported the philosophy behind the fair value measurement basis. To sum up, it was found that the FV measurement does away with window dressing, makes the financial statements more transparent, closer to real market value, less volatile, and more predictable in accordance with the principle of substance over form, which is becoming all pervasive now. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Block Deal |
| Uncontrolled term | Fair Value |
| Uncontrolled term | FASB |
| Uncontrolled term | Financial Reporting, |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29384 |
| Host Itemnumber | 73058 |
| Main entry heading | GILANI,S. |
| Other item identifier | 5559618 |
| Title | INDIAN JOURNAL OF FINANCE |
| International Standard Serial Number | 0973-8711 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 14/01/2019 | Vol 12, Issue 11/ 5559618JA1 | 5559618JA1 | 14/01/2019 | 14/01/2019 |