Ifrs
This query is : Resolved
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Atul Nagarkar
(Querist)
12 October 2020
I have query about ifrs . What is the ifrs .
CA R SEETHARAMAN
(Expert)
12 October 2020
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board.
The prescribed listed companies in India have started reporting under the new Indian Accounting Standards (IndAS) from the financial year (2016-17). IndAS are the IFRS converged finan-cial reporting standards and will have to be followed by all the listed companies and certain private companies going forward, in a phased manner. Listed companies with net worth of more than INR 500Cr have reported their Quarter 1 (Q1) results for 30 June 2016, under the new standards.
The prescribed listed companies in India have started reporting under the new Indian Accounting Standards (IndAS) from the financial year (2016-17). IndAS are the IFRS converged finan-cial reporting standards and will have to be followed by all the listed companies and certain private companies going forward, in a phased manner. Listed companies with net worth of more than INR 500Cr have reported their Quarter 1 (Q1) results for 30 June 2016, under the new standards.
Atul Nagarkar
(Querist)
12 October 2020
What's is the difference between Indian accounting and ifrs .
Is there any changes in this accounting entry or etc.
Is there any changes in this accounting entry or etc.
CA R SEETHARAMAN
(Expert)
12 October 2020
INDAS are converged IFRS standards implemented in India.
Atul Nagarkar
(Querist)
12 October 2020
Ok
Any changes in indian accounting entries and other countries
Any changes in indian accounting entries and other countries
CA R SEETHARAMAN
(Expert)
12 October 2020
Not much difference.
Atul Nagarkar
(Querist)
12 October 2020
I have completed b.com and I have 9years experience account ..if I want to do any course in commerce which is best for me.
It would be helpful me in future India and foriegn countries.
It would be helpful me in future India and foriegn countries.
CA R SEETHARAMAN
(Expert)
12 October 2020
See the link.
https://home.kpmg/in/en/home/trainings/advisorytrainings/aaslearningsolutions/diplomainifrsbyacca.html#:~:text=Diploma%20in%20IFRS%20(Diploma%20IFRS,India%20and%20around%20the%20world.
https://home.kpmg/in/en/home/trainings/advisorytrainings/aaslearningsolutions/diplomainifrsbyacca.html#:~:text=Diploma%20in%20IFRS%20(Diploma%20IFRS,India%20and%20around%20the%20world.
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