Can someone pls guide as to how go about studying IFRS and US GAAP for Final as the syllabus states "an overview of IFRS and US GAAP"..Any reference books?
Dhanashree Muslonkar (Article) (49 Points)
30 January 2009Can someone pls guide as to how go about studying IFRS and US GAAP for Final as the syllabus states "an overview of IFRS and US GAAP"..Any reference books?
CA Anand Shukla
(CA)
(33 Points)
Replied 30 January 2009
Dhanashree, as regards final syllabus its really sufficient to have a brief Idea about IFRS n USGAAP. In this nov it was due to mandatory compliance due by Ind Inc listed in UK n US by 2011, so much questions were there on these topics. But now position is different, the time limit for compliance is extended for three years. Therefore In my opinion there should not be stress on thses topics again in the forthcoming attempts.
However if u have sufficient time for preparation u can use M.P. Vijaykumar Accounting Standards book. There is comparison of Ind AS, IFRS n USGAAP after each accounting standard. It will be really sufficient from point of view of final exam. I have used this book n cleared my final in this nov exam in first attempt. Hope the information will be usefull for u in studies. Thanks Anand
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