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IFRS to be implemented from FY 2015-16


The Finance Minister in the Budget speech 2014-15 announced that the Indian Accounting Standards (Ind AS) i.e. accounting standards based largely on with International Financial Reporting Standards (IFRS) shall be applied by Indian Companies from F.Y


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Ifrs

Posted by sanjeev



Sir,<br><br>Please specify the names of the companies who had already adopted IFRS for reporting their Financial Statements just like Infosys Limited had been preparing financials on IFRS basis for users of financial statements ?<br><br>


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Financial statements under IFRS


International Financial reporting standards (IFRS) is the current trending subject in the finance field. The purpose of preparation of financial statement not only to know the results of the business and also to check, identify, analysis, monitor and


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Consolidation of Financials under IFRS


Introduction: Under Globalised scenario, the boundaries of the business crossed the beyond from one county to many countries during the last two decades, at the same time business risk is also increased the same level for the companies and their inve


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Ind-AS: convergence with IFRS: GAAP GAPS summarised


The MCA had issued a notification dated 16 February 2015 announcing the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Indian Accounting Standard (Ind- AS). Ind-AS are converged IFRS and applicable in a phased manner to I


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