08 May 2010
With increased Indian business operations in the global market, uniform accounting standards would iron out the limitations.
International Financial Reporting Standard (IFRS) is a set of uniform accounting standards with the same application across the globe and it will augment international business and make international business operations easy ----
now you can imagine if ICAI has adopted IFRS for reporting standard, so its scope is going to be huge in India. In India there is a leading IFRS training and Consultancy firm who is giving really good service in India and to worldwide as well.
Piron Education Pvt. Ltd. - they are really professional and having a team of experts in IFRS Training ad Consultancy. They are also proving DipIFR from ACCA accredited and they are academic partner with RELIANCE WORLD and ATC International.
08 May 2010
thank you for your suggestion. sir plz tell me whether IFRS will be mandatory for all the companies.. what are the scope of ifrs for the cities like raipur
08 May 2010
IFRS will cover 3 different phases for different companies
1st Phase -1.4.2011
Companies included in Nifty 50, Sensex 30, comapanies shares and securities listed outside India and Companies whether listed or not which having networth exceeds Rs.1000 crores
Phase 2 - 1.4.2013
All the companies having networth from Rs.500 to Rs.1000 crores
Phase 3 -1.4.2014
All companies having networth less than Rs.500 crores and other SMEs