Ifrs (Accounts)

This query is : Resolved

tanusha malhotra

( Author )
27 May 2012

IFRS IS APPLICABLE FOR NOV 2012 OR NOT???
PLZ tell me..

CA. RICHI SAXENA

( Expert )
28 May 2012

Hi Tanusha,
Applicabiity for Nov 12 Exams:
1.Indian Accounting Standards converged with the IFRS (Known as Ind AS): NOT applicable.
2) AS 1-29 and all 15 Guidance Notes: Fully Applicable.

tanusha malhotra

( Author )
29 May 2012

thankx richi mam..
can u plz tell me which 15 guide lines are you talking about..??

tanusha malhotra

( Author )
29 May 2012

mujhe AS or ifrs mein diff nhi pata..ifrs ko hi Ind AS kehte hai??

CA. RICHI SAXENA

( Expert )
29 May 2012

Tanusha i am a male and not mam... and i have written about the guidance notes that are in the study material of Icai.

CA. RICHI SAXENA

( Expert )
29 May 2012

Ifrs means international financial reporting standards which are used internationally and Ind AS means Indian accounting standards which are required to be followed in India

tanusha malhotra

( Author )
29 May 2012

em really sorry sir..

tanusha malhotra

( Author )
29 May 2012

sir u said "Indian Accounting Standards converged with the IFRS (Known as Ind AS)"....
mtlb jo ab AS applicable hai nov mein vo bi IndAS khe jate hai..nd new vale bi IndAS..