on 12-19-2016 12:29 PM
Hi Experts,
As per recent IndAS changes, WDV as on 31st March 2015 needs to be gross block as on 1st April 2015.
For ex:
As on 31st March 2015 - Gross Block is Rs. 25,000 and accumulated depreciation is Rs.5000 (assuming 10 years of life). Hence WDV as on 31st March 2015 is Rs. 20,000.
As per new IndAS - gross block should be now Rs.20,000 with accumulated depreciation as "zero" as on 1st April 2015.
We did manual work (outside SAP) for publishing our financial for this 6-7 quarters. However now we want this modification as on 31st March 2017. So as on 31st March 2017, our asset value should be:
GROSS BLOCK - Rs.20,000
Acc Depreciation - Rs. 5,000 (further depreciation for FY 2015-16 and FY 2016-17)
WDV - Rs. 15,000.
Please help: How to meet this requirement.
--
Deepak
Experts, Can anyone help.
SAP has released SAP note - 2279087 stating that they don't support disclosures / presentations for IFRS / IndAS purpose
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
hi..did you get any solution for this even im looking for this
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
98 | |
11 | |
11 | |
6 | |
6 | |
4 | |
4 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.