Description
Bloomsbury Professional India A Treatise on Leases Covering Ind AS IGAAP IFRS and US GAAP by CA (Dr) Alok K Garg and Chandni Gupta
About the book
The book “Treatise on Leases” has been written very scrupulously to serve as one stop
shop for accounting guidance on leases across the globe. The standard on leases has
been revamped and brought tremendous changes in the accounting for lessees, while
the accounting for lessors remain largely unchanged. With the alignment of IFRS and
US GAAP on this standard and consequential introduction of Ind AS, users could feel an
emergent need for a comprehensive guide to refer for lease transactions. This book is
an endeavor to cater to that need of the users across the globe.
The book comprises of accounting guidance on leases in accordance with IGAAP and
Ind AS. The text of Ind AS is meant to be referred in context of IFRS as well, as there is
no major difference between these two standards. To give a holistic and comprehensive
view of local and global standard, a detailed comparison of Ind AS, IGAAP, IFRS and US
GAAP has been given. For easy understanding various case studies and practical
examples have been used, a detailed analysis of a sample lease agreement has been
given in the book. In order to allow readers, test their knowledge multiplechoice
questions have been incorporated and to make this book a comprehensive solution,
authors have given disclosure checklists based on AS, Ind AS and IFRS. Further, for a
more practical and realistic outlook, the book comprises of disclosures from published
financial statements of Indian and global listed companies. The book is updated as of
December 2020 and serves a wide audience ranging from CA final students to qualified
CA, CS, ICWA, CFOs, finance professionals, accountants and corporates.
It is a treatise that inscribes the transfiguration of financial reporting of lease
transactions in the history of accounting, giving its readers an in-depth insight on its
each and every detail.
About the Authors
CA (Dr.) Alok K. Garg is a Member of Institute of Chartered Accountants of India (ICAI)
and has an Honorary from by Bharath Virtual University for Peace & Education. He is
currently working as a General Manager - Finance and heading Financial Reporting,
Consolidation and Fixed Assets function of one of the largest listed Telecom
Infrastructure Company. Having completed his graduation in B.Com (Hons.) from
University of Delhi in 2004, he became a Company Secretary from Institute of Company
Secretaries of India (ICSI). He is a Diploma holder in IFRS from ACCA, United Kingdom,
Certified Ind AS and Certified BRSR from ICAI.
With more than 15 years experience in the field of Financial Reporting, Consolidation,
Internal Controls, Fixed Assets and Auditing and associated with Indus Towers (formerly
Bharti Infratel), HSBC, IL&FS and consulting firms during his professional stint, Mr. Garg
is acknowledged as an expert and is therefore invited to speak at various professional
events,with more than 650 lectures on IFRS, Ind AS, Accounting Standards and Auditing
Standards across the country.
CA Chandni Gupta is an Associate Member of Institute of Chartered Accountants of India
(ICAI), having completed her graduation in B.Com (Hons.) from University of Delhi. she
is an Assistant Manager-Finance of a multi-national FMCG company. She is also
Certified Ind AS and Certified BRSR from ICAI.