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Accounting standards number change

Indian Accounting Standards 2021 views 5 replies

santhosh prasanna

Manager Finance

280 Points Posted on 23 October 2012

Hai Friends Refer the below link as per Ministry of Corporate Affairs website. It shows different Accounting numbers.

Whether AS numbers are changed?

https://www.mca.gov.in/Ministry/accounting_standards.html

Replies (5)

CA Revati Galgali

B.com ACA DipIFR(ACCA) CS(Exe)

1049 Points Posted on 24 October 2012

Ind AS are not applicable for Nov 2012

santhosh prasanna

Manager Finance

280 Points Posted on 24 October 2012

Revati, i asked only for AS number changes not applicability to Exam. if you know whether AS number are changed and which will effect from?

CA Revati Galgali

B.com ACA DipIFR(ACCA) CS(Exe)

1049 Points Posted on 24 October 2012

I hope you know that Ind AS are different than the current AS, they are more aligned to IFRS and I would suggest that you refer to the AS on the ICAI site and not the MCA site !!!!!

PLEASE REFER TO POINT 4 on pg 2 of the attached file, It will be clear!!

CA Revati Galgali

B.com ACA DipIFR(ACCA) CS(Exe)

1049 Points Posted on 24 October 2012

Not only are the numbers different, there are differences in treatment also.

santhosh prasanna

Manager Finance

280 Points Posted on 24 October 2012

Originally posted by : Revati Galgali

I hope you know that Ind AS are different than the current AS, they are more aligned to IFRS and I would suggest that you refer to the AS on the ICAI site and not the MCA site !!!!!

PLEASE REFER TO POINT 4 on pg 2 of the attached file, It will be clear!!

Thanks a lot to your kind response.