Financial Instruments As Per Ind AS (3rd Edition)
- Year of Publication: 2020
- Edition: 3rd
- ISBN: 9789389859096
- Financial instrument is probably the most complex topic in the entire literature of accounting standards. This book covers all the relevant standards that deal with financial instruments viz., Ind AS 32, 109, 107, 113 and 21
- India never had any formal accounting standards on financial instruments till the introduction of Ind AS. Since India is first amongst the several geographical locations implementing the accounting standard covering financial instruments, we don’t have any precedence for guidance on several of the new concepts that are introduced by IFRS 9 which are imported verbatim into Ind AS 109.
- The key concepts of the accounting standard are discussed along with several illustrations to elucidate and amplify the topic for better understanding.
- The book gives a complete set of journal entries along with the ledger accounts, trial balance, profit & loss account and balance sheet so as to provide a good understanding of the topic covered.
- Financial instruments from the perspective of investor as well as the issuer is covered in this book.
- Financial instruments recognition, classification, measurement, de-recognition is covered. The new impairment requirements based on the expected credit model is given with a number of examples.
- Hedge accounting as per Ind AS 109 is covered in great detail. The second edition also covers the accounting treatment of cost of hedging as this is a new concept that helps investor to minimize the fluctuations in profit and loss account due to the cost of hedging.
- Hedging instruments covered include interest rate derivatives and FX derivatives.
A graduate of the University of Madras, Venkata Subramani is a Chartered Accountant who began his career with a professional accounting firm in Chennai. [Qualified in the year 1983]. Currently he is engaged in IFRS advisory services operating from Chennai. He also conducts regular training programs to improve memory/attention to details for various corporate entities. Till recently he was the Head of Business Management and Operations Control at Northern Trust, Bangalore. Northern Trust Corporation is a Chicago based Bank, a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Earlier he was the Product Manager at Calypso Technology, a global financial software and services company and was in charge of redesigning the hedge accounting part of the software. Author’s expertise includes accounting and reporting for different types financial instruments as per IFRS. Earlier he was managing team of core finance and accounts professionals in a US based hedge fund administration firm serving several global clients. He is a faculty at the CA Institute for IFRS Certificate Courses and for specialized courses on Financial Instruments. He holds a diploma in IFRS from ACCA. Venkat is a rank holder in both CA and ICWAI exams and has an overall experience of more than three decades. His existing publications by John Wiley and Sons, Singapore, are: 1. Accounting for Investments – Volume 1 – Equities, Futures and Options (June 2009) 2. Accounting for Investments – Volume 2 – Fixed Income Securities and Interest rate derivatives (June 2011).
Wolters Kluwer Tax & Accounting in India (www.cchifirm.co.in), provides publishing, software and services that deliver vital insights, intelligent tools and guidance of subject-matter experts as well as offer subscription-based products with high quality content in areas including direct and indirect taxation, international taxation, corporate law and several other related topics. Wolters Kluwer Tax & Accounting (a Wolters Kluwer business) is part of the Wolters Kluwer Group, a leading global information service provider for professionals. Wolters Kluwer Tax & Accounting publications cover a wide range of topics such as tax, accounting, law, financial planning, human resources and training.
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- Year of Publication: 2020
- Edition: 3rd
- ISBN: 9789389859096
- Financial instrument is probably the most complex topic in the entire literature of accounting standards. This book covers all the relevant standards that deal with financial instruments viz., Ind AS 32, 109, 107, 113 and 21
- India never had any formal accounting standards on financial instruments till the introduction of Ind AS. Since India is first amongst the several geographical locations implementing the accounting standard covering financial instruments, we don’t have any precedence for guidance on several of the new concepts that are introduced by IFRS 9 which are imported verbatim into Ind AS 109.
- The key concepts of the accounting standard are discussed along with several illustrations to elucidate and amplify the topic for better understanding.
- The book gives a complete set of journal entries along with the ledger accounts, trial balance, profit & loss account and balance sheet so as to provide a good understanding of the topic covered.
- Financial instruments from the perspective of investor as well as the issuer is covered in this book.
- Financial instruments recognition, classification, measurement, de-recognition is covered. The new impairment requirements based on the expected credit model is given with a number of examples.
- Hedge accounting as per Ind AS 109 is covered in great detail. The second edition also covers the accounting treatment of cost of hedging as this is a new concept that helps investor to minimize the fluctuations in profit and loss account due to the cost of hedging.
- Hedging instruments covered include interest rate derivatives and FX derivatives.
A graduate of the University of Madras, Venkata Subramani is a Chartered Accountant who began his career with a professional accounting firm in Chennai. [Qualified in the year 1983]. Currently he is engaged in IFRS advisory services operating from Chennai. He also conducts regular training programs to improve memory/attention to details for various corporate entities. Till recently he was the Head of Business Management and Operations Control at Northern Trust, Bangalore. Northern Trust Corporation is a Chicago based Bank, a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Earlier he was the Product Manager at Calypso Technology, a global financial software and services company and was in charge of redesigning the hedge accounting part of the software. Author’s expertise includes accounting and reporting for different types financial instruments as per IFRS. Earlier he was managing team of core finance and accounts professionals in a US based hedge fund administration firm serving several global clients. He is a faculty at the CA Institute for IFRS Certificate Courses and for specialized courses on Financial Instruments. He holds a diploma in IFRS from ACCA. Venkat is a rank holder in both CA and ICWAI exams and has an overall experience of more than three decades. His existing publications by John Wiley and Sons, Singapore, are: 1. Accounting for Investments – Volume 1 – Equities, Futures and Options (June 2009) 2. Accounting for Investments – Volume 2 – Fixed Income Securities and Interest rate derivatives (June 2011).
Wolters Kluwer Tax & Accounting in India (www.cchifirm.co.in), provides publishing, software and services that deliver vital insights, intelligent tools and guidance of subject-matter experts as well as offer subscription-based products with high quality content in areas including direct and indirect taxation, international taxation, corporate law and several other related topics. Wolters Kluwer Tax & Accounting (a Wolters Kluwer business) is part of the Wolters Kluwer Group, a leading global information service provider for professionals. Wolters Kluwer Tax & Accounting publications cover a wide range of topics such as tax, accounting, law, financial planning, human resources and training.
