When is a payable really paid? Electronic payments and derecognition under amended Ind AS 109
When is a payable really paid? The amendment to Ind AS 109 sets when an electronic payment lets you derecognise the liability.
Topic
Ind AS updates
Amendments already notified or close to it, and what each one asks of a close that is already running.
Smaller changes than a new presentation standard, and easier to miss for exactly that reason: an amendment that affects one class of transaction rarely announces itself in a close checklist until the auditor asks.
These posts cover the amendments as they are notified, each with what it changes and what has to be true of your data before the year it applies to begins.
One of several topics, each gathering the posts on one change.
5 posts on this
Reduced disclosures for subsidiaries: what IFRS 19 could mean for Indian groups
IFRS 19 lets eligible subsidiaries give reduced disclosures. What it could mean for Indian groups once Ind AS 119 is notified.
Ind AS Amendment Rules 2026: a FY 2026-27 checklist for finance teams
The MCA's 2026 amendments to Ind AS, and what each one asks of an FY 2026-27 close that is already running.
Group-captive solar and wind: own-use accounting under amended Ind AS 109
The 2026 Ind AS 109 amendment lets a nature-dependent power contract stay an own-use purchase even when surplus goes to the grid. What to assess.
Covenants and current versus non-current: what changed in practice
Classification turns on the rights you held at the reporting date. Which covenants count, why a waiver in April does not help, and what to disclose.