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Articles by Aadarsh Gupta

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IND AS 7 vs AS 3

Posted by Aadarsh Gupta 03 February 2015 84583 Views

Ind AS 7 and existing AS 3The objective of IND AS 7 is to require the provision of information about the historical changes in cash and cash equivalents of an entity by means of a statement of cash flows which classifies cash flows during the



Comparison of IND AS 2 and existing AS 2

Posted by Aadarsh Gupta 28 January 2015 88401 Views

Ind AS 2 and existing AS 2 The principles laid down in Accounting Standard (AS) 2, Valuation of Inventories, are well established and the principles laid down in Ind AS 2, Inventories, are almost similar to the pr



Comparison of IND AS 1 and existing AS 1

Posted by Aadarsh Gupta 23 January 2015 41042 Views

Accounting Standard 1 i.e. Disclosure of Accounting Policies deals with disclosure of significant accounting policies followed in preparing and presenting financial statements whereas IND AS 1 i.e. Presentation of Financial State




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