Welcome to TaxTMI ✕

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

TMI Blog

Home /

Previous Next

Accounting for Financial Guarantee

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

..... Here the financial guarantee may actualize in contingent circumstances therefore, it shall be constituted as financial instrument as per Ind AS 32. Recognition and Measurement These contracts should be recognised as 'financial liabilities' as per Ind AS 109. However, if financial Instruments meets the definition of Insurance Contracts, then those will be covered under Ind AS 104 "Insurance Co....

Previous Next