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Interview question

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29 May 2015 Dear Sir,
while i was attending an interview they ask me which accounting standard you are useing in your company.i have little knowledge about GAAP,IAS,IFRS. how can i find out this (presently m working in abroad)

29 May 2015 If you ask your accounts dept responsible for finalizing the accounts they will tell you.
You can see the accounting policy of the company from their annual report.

29 May 2015 sir i want to know both IFRS AND IAS we can use for finalizing ?




29 May 2015 Presently you can only use IFRS. IFRS mainly based on IAS.



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