One of our readers has raised a query and would like to know about the all possible options/ treatments available for the Investments in Equity. He has raised the below queries-
After the applicability of Ind-As in India the situation specific to the treatment of Equity Investments will be different and it will eventually change the whole dynamics of its effect in PL and at the same time, Auditors need to ensure all such options....please follow link for further reading http://gyanifrs.com/2017/03/auditors-management-perspective-equity-investments-per-ind-as/
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- At present all Investment are being classified between long term and current and are being recognized at cost (subject to some permanent diminution and in case current investment lower of fair value or cost) , hence what are the options available to value Equity Investments under Ind-As?
- What are the differences in treatments of such Equity Investments in case separate financial statement and consolidated FS?
- Is there any exception to fair value of Equity?
After the applicability of Ind-As in India the situation specific to the treatment of Equity Investments will be different and it will eventually change the whole dynamics of its effect in PL and at the same time, Auditors need to ensure all such options....please follow link for further reading http://gyanifrs.com/2017/03/auditors-management-perspective-equity-investments-per-ind-as/
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