Tapping into the burgeoning BFSI market
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FinTech Consulting Services
Leveraging our FinTech Consulting experience, we employ our proven approach in process reviews, tech risk management, and third-party audits for Indian financial services clients.
The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
M&E practice encompasses team of dynamic professionals with deep technical knowledge and extensive experience of working across segments say television, print,...
Tailored service offerings to Not for Profit organisations and CSR compliance services for dynamic businesses
At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
Insights
Insights into Ind AS 116: A series
05 Apr 2019The Ministry of Corporate Affairs has notified Ind AS 116 with effect from 1 April 2019. Ind AS 116 is based on International Financial Reporting Standard 16, Leases (‘IFRS 16’), which became effective starting 1 January 2019.
Ind AS 116 will affect most companies that are involved in leasing, and will have a substantial impact on the financial statements of lessees of property and high-value equipment.
This article on ‘Definition of a lease’ is the first in a series of articles on this topic. The publication delves into the three key evaluations, all of which must be met in order to conclude that a contract is or contains a lease and the transition considerations.
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