Waht is IFRS ?

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Radhey Shyam Agrawal

Radhey Shyam Agrawal (Querist)
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27 December 2010 Is it new name for ASs (Accounting Standards) or some what extra? Please clarify.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 December 2010 https://www.caclubindia.com/forum/ifrs-in-india-key-aspects--110075.asp

https://www.caclubindia.com/forum/faq-on-ifrs---117402.asp

Please also see above links for details..

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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27 December 2010 International financial reporting system. In India AS 30, 31 and 32 has been issued in this connection.

Radhey Shyam Agrawal

Radhey Shyam Agrawal (Querist)
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28 December 2010 not satisfactory answers

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 December 2010 http://ifrs.icai.org/inner/resources/faqs_ciasc_ifrs.asp

Please see answer to question no 5 in above link.

Also see article from below link--

http://www.thehindubusinessline.com/mentor/2010/06/21/stories/2010062150341000.htm

Anil Kumar Meena

Anil Kumar Meena (Expert)
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06 March 2011 Friends...

IFRS Stand form International financial reporting standart...

its a composition of 9 IFRS and 41 IAS...

in india the first phase of IFRS implemented from 1st April 2011 subject to condition....

if need more detail...

mail me ur ID...at anil9810122191...

i will give u the standard books...

Thanks.
ANIL KUMAR MEENA
US GAAP & IFRS Consultant