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Reverse Acquisition: Its Benefits and GuidelinesIn a reverse acquisition, a private company acquires a publicly listed company in substance. The owners of the private company become the controlling shareholders of the public company. After the acquisition, they reorganize the public company’s assets and operations to absorb the formerly private company. The term “reverse” refers to
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IFRS 14 is to identify the financial reporting requirements for ‘Regulatory Deferral Account Balances’ (RDAB) that come to light when an entity provides goods or services to customers at a price regulated by the government or rate fixed by regulatory that’s subject to rate regulation. IFRS 14 is authorized, but not required, to be applied
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Financial instrument relates to any contract or agreement that gives rise to a financial asset of one entity and financial liability (obligation) or equity instrument of another entity. The objective of this IND AS is to establish principles for offsetting financial assets and liabilities and for furnishing financial instruments as liabilities or equity. Scope This
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ASC 205 contains four subtopics, below is an overview of each subtopic. 205-10 Overall ASC 205-10, prescribes the advantages of presenting comparative financial statements of the entities instead of the single-period financial statements of the entities, and addresses how the comparative information of the entity shall be presented in the financial statement and the required
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The Companies Act, 2013 required the preparation of financial statements of specified companies following IND AS. For this purpose, the Ministry of Corporate Affairs (MCA) had constituted a layout that guided the adoption of IND AS by the defined companies in a stage manner. IND AS 101 provides the basis for transition and disclosures to
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