Accounting standards
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2011
Hi,
Can someone please explain me about the differences between IndAS, IAS and IFRS?
Can someone please explain me about the differences between IndAS, IAS and IFRS?
04 September 2011
IAS are the older standards that IFRS replaced. (IAS were issued from 1973 to 2000.)
Indian AS are issued by ICAI through Accounting standard Board in India while IFRS are issued by International Accounting Standard Board
Indian AS are issued by ICAI through Accounting standard Board in India while IFRS are issued by International Accounting Standard Board
11 October 2011
Ind AS are the new accounting standards that r issued by ICAI after convergence with IFRS they are still not applicable in INdia
11 October 2011
IAS are the old international accounting standard preparered by IASB
IFRS are the new reporting standards that are slowly replacing the IAS
currently the IAS which are not replaced by IFRS are also applicable
IFRS are the new reporting standards that are slowly replacing the IAS
currently the IAS which are not replaced by IFRS are also applicable
11 October 2011
At present 29 IAS and 8 IFRS are only applicable and w.e.f. 1 Jan 2013 13 IFRS and 25 IAS will remain applicable
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