We have examined practical issues faced by banks as they look to implement the Reserve Bank of India’s guidelines on unhedged foreign currency exposures. We also share some of our insights into what is involved in the journey towards an U.S. IPO.
In this issue, we also highlight the complexities in accounting for government grants and assistance in India and accounting for brands purchased in a defensive acquisition. We also examine under U.S. GAAP, the recently issued guidance on the accounting of service concession arrangements. Finally, we provide an overview of key regulatory developments during the recent past including the recent notifications issued by the Ministry of Corporate Affairs.
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