Ind AS 118: presenting expenses by function, and the note that comes with it
Present operating expenses by function and Ind AS 118 asks for the nature amounts in one note. Presenting by nature changes that cost, not the choice.
Resources
Resources
Everything we've written, in one place: posts by subject, terms defined plainly, and real customer stories with the numbers shown.
By the numbers
26 posts across 7 subjects
Every one written for a group finance team, not a general audience.
- Consolidation 2 posts
- Disclosures 2 posts
- Ind AS 118 8 posts
- Ind AS updates 5 posts
- Intercompany 4 posts
- MIS and management reporting 3 posts
- Product updates 2 posts
Latest
Recent posts
Budget, actual and forecast in one place
Three numbers, usually in three systems, reconciled by hand each month. What it takes to hold them together so the variance is a fact.
Cost allocation you can defend in a board meeting
Every allocation is an opinion. The ones that survive questioning have a basis fixed before the result, applied the same way every month.
Operating, investing or financing: classifying every line of your P&L
Ind AS 118 sorts every income and expense into five categories. The rule is about the asset or liability underneath, not the expense itself.
Your MIS chart of accounts is not your statutory one, and that is fine
The board wants the business cut, the filing wants the statutory cut, and the same ledgers must produce both. How to hold two views, one set of books.
Ind AS 118 transition: why your FY 2026-27 ledger needs new tags now
Ind AS 118 applies retrospectively, so FY 2026-27 becomes the restated comparative. What your ledger has to carry before that year begins.
By subject, in full
If you’d rather start from a subject than the latest-first list above, the topic pages gather the posts on one change — what it is, when it applies, and what has to happen in your close before it does.
Terms, defined plainly
The glossary defines the terms used across this site: what each one means, and what usually goes wrong with it. Posts link to it on first mention of a term.
Customer stories
Customer stories are real companies, named, with the numbers they’ll stand behind. Each one has a one-page summary to download and share internally.
What it actually costs
What it costs, and what moves it lists the things that change the price, with no number held back for a call.
See it against your own numbers
The value calculator takes two minutes and returns a report with the working shown, built from your own companies and systems rather than a survey average.