Global Accounting Standards: The Complete Resource

Accounting standards are the shared language of global finance, and they are constantly evolving. New standards reshape balance sheets, redraw income statements, and create audit complexity that takes years to settle into practice. Staying current is not optional for finance professionals; it is the job.

This hub covers the standards that matter most in practice: Ind AS, IFRS, and US GAAP. I write about both the technical requirements and the real-world impact: how new standards hit financial models, what auditors focus on, and how CFOs need to communicate the effects to their boards and to the FP&A teams working from these numbers every month.

How I Approach Standards Coverage

Standards documents are dense by design because they have to be precise. But precision is not always clarity. My goal with each article is to translate the standard into something a practising professional can apply: what changed, why it matters, where the judgements live, and what the implications are for financial models and management reporting.

I cover standards that are new, recently revised, or underappreciated. Some of the most impactful changes to financial reporting in recent years came from standards that did not get the attention they deserved until it was almost too late to prepare.

Standards Quick Reference

Standard Indian International US
Revenue Ind AS 115 IFRS 15 ASC 606
Leases Ind AS 116 IFRS 16 ASC 842
Financial Instruments Ind AS 109 IFRS 9 ASC 815/825
Business Combinations Ind AS 103 IFRS 3 ASC 805
Consolidated Financials Ind AS 110 IFRS 10 ASC 810
Presentation Ind AS 118 IFRS 18 ASC 205
Income Taxes Ind AS 12 IAS 12 ASC 740

Navigating a standards implementation or want to discuss a specific accounting question? Get in touch. I am happy to think it through together.

Published Articles

Presentation and Reporting

Leases

Revenue

Tax and International

Coming Soon

Articles I am researching and writing. Subscribe via RSS to be notified.

  • Ind AS 12: Deferred Tax, Accounting for DTAs and DTLs
    Deferred tax is consistently one of the most misstated areas in financial reporting. A practical walkthrough of temporary differences, recognition criteria, and the judgements that attract audit attention.
  • IFRS 9 Financial Instruments: What CFOs Need to Know
    Classification, measurement, the ECL impairment model, and hedge accounting. The areas of IFRS 9 that matter most for non-financial companies and the FP&A teams modelling credit risk and financial asset performance.
  • Ind AS vs US GAAP: Key Differences That Matter in Practice
    A focused comparison of the differences that actually affect financial statements. This is not an exhaustive list, but it covers the ones that trip up professionals moving between Indian and US reporting environments.
  • Business Combinations Under Ind AS 103
    Purchase price allocation, goodwill, contingent consideration, and the post-acquisition accounting that shapes reported earnings for years after a deal closes.
  • Ind AS 24 Related Party Disclosures: Getting It Right
    Why related party disclosures are more complex than they look, what the standard actually requires, and the common gaps that auditors find.
  • Consolidation Under Ind AS 110: Subsidiary Accounting Challenges
    Control assessment, non-controlling interests, intercompany eliminations, and the complexities that arise in group structures.
  • ESG and Sustainability Reporting: BRSR, ISSB, and What Is Coming
    How sustainability reporting is being standardised, what Indian listed companies must disclose under BRSR, and how the ISSB standards are shaping global convergence.