Treatise on Leases (Covering Ind AS, IGAAP, IFRS and US GAAP), 1st Edition
- Year of Publication: 2021
- Edition: 1st
- ISBN: 9789389000580
- No.of Pages: 396
The book “Treatise on Leases” has been written very scrupulously to serve as one stopshop for accounting guidance on leases across the globe. The standard on leases has been revamped and brought tremendous changes in the accounting for lessees, while the accounting for lessors remain largely unchanged. With the alignment of IFRS and US GAAP on this standard and consequential introduction of Ind AS, users could feel an emergent need for a comprehensive guide to refer for lease transactions. This book is an endeavor to cater to that need of the users across the globe.
The book comprises of accounting guidance on leases in accordance with IGAAP and Ind AS. The text of Ind AS is meant to be referred in context of IFRS as well, as there is no major difference between these two standards. To give a holistic and comprehensive view of local and global standard, a detailed comparison of Ind AS, IGAAP, IFRS and US GAAP has been given. For easy understanding various case studies and practical examples have been used, a detailed analysis of a sample lease agreement has been given in the book. In order to allow readers, test their knowledge multiple-choice questions have been incorporated and to make this book a comprehensive solution,
authors have given disclosure checklists based on AS, Ind AS and IFRS. Further, for a more practical and realistic outlook, the book comprises of disclosures from published
financial statements of Indian and global listed companies. The book is updated as of December 2020 and serves a wide audience ranging from CA final students to qualified
CA, CS, ICWA, CFOs, finance professionals, accountants and corporates. It’s a treatise that inscribes the transfiguration of financial reporting of lease transactions in the history of accounting, giving its readers an in-depth insight on its each and every detail.
Highlights:
- Comprehensive commentary on Ind AS 116/IFRS 16 and AS 19 explained with practical examples and case studies.
- In depth analysis of a sample lease agreement on the basis of Ind AS 116/IFRS 16.
- Multiple Choice Questions on Ind AS/IFRS and IGAAP.
- Detailed comparison of various GAAPs: Ind AS, IGAAP, IFRS, US GAAP and ICDS.
- Disclosure checklist for Ind AS, IFRS and IGAAP.
CA. (Dr.) Alok K. Garg, a seasoned professional, is a Member of The Institute of Chartered Accountants of India (ICAI) for more than a decade. He has been awarded with Honorary Doctorate by Bharath Virtual University for Peace & Education for his outstanding contribution in the field of finance by teaming up his Industry experience in the academic contribution on regular basis.
He is currently working as a General Manager - Finance and heading Financial Reporting, Consolidation and Fixed Assets function of one of the largest listed Telecom Infrastructure Company. Having completed his graduation in B.Com (Hons.) from University of Delhi in 2004, he also qualified the Company Secretary from Institute of Company Secretaries of India (ICSI) in the year 2008.
He is a Diploma holder in IFRS from ACCA, United Kingdom and also Certified Ind AS from Institute of Chartered Accountants of India (ICAI).
He is having a thorough experience in the field of Financial Reporting, Consolidation, Internal Controls, Fixed Assets and Auditing for more than 15 years and associated with Indus Towers (formerly Bharti Infratel), HSBC, IL& FS and consulting firms during his professional stint.
Mr. Garg is a prolific speaker, has delivered more than 700 lectures on IFRS, Ind AS, Accounting Standards and Auditing Standards across the country and outside at diverse platforms organised by various professional Institutes, Universities, and various committees, branches and study circles of ICAI.
Bloomsbury Professional India brings out quality content on tax, accounting and law for professionals in India. Bloomsbury Professional is part of Bloomsbury, a UK based company with offices in London, Oxford, New York, Sydney and New Delhi. The New Delhi based office of the publisher, have over the past few years of operations in India, brought out several market leading books and aims to be the first choice of professionals.
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- Year of Publication: 2021
- Edition: 1st
- ISBN: 9789389000580
- No.of Pages: 396
The book “Treatise on Leases” has been written very scrupulously to serve as one stopshop for accounting guidance on leases across the globe. The standard on leases has been revamped and brought tremendous changes in the accounting for lessees, while the accounting for lessors remain largely unchanged. With the alignment of IFRS and US GAAP on this standard and consequential introduction of Ind AS, users could feel an emergent need for a comprehensive guide to refer for lease transactions. This book is an endeavor to cater to that need of the users across the globe.
The book comprises of accounting guidance on leases in accordance with IGAAP and Ind AS. The text of Ind AS is meant to be referred in context of IFRS as well, as there is no major difference between these two standards. To give a holistic and comprehensive view of local and global standard, a detailed comparison of Ind AS, IGAAP, IFRS and US GAAP has been given. For easy understanding various case studies and practical examples have been used, a detailed analysis of a sample lease agreement has been given in the book. In order to allow readers, test their knowledge multiple-choice questions have been incorporated and to make this book a comprehensive solution,
authors have given disclosure checklists based on AS, Ind AS and IFRS. Further, for a more practical and realistic outlook, the book comprises of disclosures from published
financial statements of Indian and global listed companies. The book is updated as of December 2020 and serves a wide audience ranging from CA final students to qualified
CA, CS, ICWA, CFOs, finance professionals, accountants and corporates. It’s a treatise that inscribes the transfiguration of financial reporting of lease transactions in the history of accounting, giving its readers an in-depth insight on its each and every detail.
Highlights:
- Comprehensive commentary on Ind AS 116/IFRS 16 and AS 19 explained with practical examples and case studies.
- In depth analysis of a sample lease agreement on the basis of Ind AS 116/IFRS 16.
- Multiple Choice Questions on Ind AS/IFRS and IGAAP.
- Detailed comparison of various GAAPs: Ind AS, IGAAP, IFRS, US GAAP and ICDS.
- Disclosure checklist for Ind AS, IFRS and IGAAP.
CA. (Dr.) Alok K. Garg, a seasoned professional, is a Member of The Institute of Chartered Accountants of India (ICAI) for more than a decade. He has been awarded with Honorary Doctorate by Bharath Virtual University for Peace & Education for his outstanding contribution in the field of finance by teaming up his Industry experience in the academic contribution on regular basis.
He is currently working as a General Manager - Finance and heading Financial Reporting, Consolidation and Fixed Assets function of one of the largest listed Telecom Infrastructure Company. Having completed his graduation in B.Com (Hons.) from University of Delhi in 2004, he also qualified the Company Secretary from Institute of Company Secretaries of India (ICSI) in the year 2008.
He is a Diploma holder in IFRS from ACCA, United Kingdom and also Certified Ind AS from Institute of Chartered Accountants of India (ICAI).
He is having a thorough experience in the field of Financial Reporting, Consolidation, Internal Controls, Fixed Assets and Auditing for more than 15 years and associated with Indus Towers (formerly Bharti Infratel), HSBC, IL& FS and consulting firms during his professional stint.
Mr. Garg is a prolific speaker, has delivered more than 700 lectures on IFRS, Ind AS, Accounting Standards and Auditing Standards across the country and outside at diverse platforms organised by various professional Institutes, Universities, and various committees, branches and study circles of ICAI.
Bloomsbury Professional India brings out quality content on tax, accounting and law for professionals in India. Bloomsbury Professional is part of Bloomsbury, a UK based company with offices in London, Oxford, New York, Sydney and New Delhi. The New Delhi based office of the publisher, have over the past few years of operations in India, brought out several market leading books and aims to be the first choice of professionals.
