Indas 24

ppt on indas 24

1. IND AS 24 RELATED PARTY DISCLOSURE

2. Objective

3. SCOPE F ind out related parties & whether transactions taken with them – standard sets out what disclosures are appropriate as well what those should be. Ind AS 24 requires the disclosure of related party transaction and outstanding balances with related parties in the separate financial statements of parent entity. Such disclosure should also be made in the financial statements of investor in a joint venture and a venture where appropriate. Related party transactions and outstanding balances arising from transactions with other entities in a group are disclosed in an individual entity’s financial statements, although such intra-group transactions are eliminated on consolidation in the financial statements of the group.

4. Related parties – person

5. Entities-is related if:-

6. Control Joint Control Significant Influence

7. Close member of family

8. Control can be achieved :-

9. Following are not considered As related parties :

10. Disclosures

11. Disclosure kmp - compensation

12. Disclosures- transactions

13. Disclosures -transaction separately The disclosures required shall be made separately for each categories the parent Entities with joint control of, or significant influence over, the entity Subsidiaries Associates Joint ventures in which the entity is a joint venture Key management personnel of the entity or its parent Other related parties