Waht is IFRS ?

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Radhey Shyam Agrawal

Radhey Shyam Agrawal (Querist)

27 December 2010 Is it new name for ASs (Accounting Standards) or some what extra? Please clarify.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

27 December 2010 https://www.caclubindia.com/forum/ifrs-in-india-key-aspects--110075.asp

https://www.caclubindia.com/forum/faq-on-ifrs---117402.asp

Please also see above links for details..

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)

27 December 2010 International financial reporting system. In India AS 30, 31 and 32 has been issued in this connection.

Radhey Shyam Agrawal

Radhey Shyam Agrawal (Querist)

28 December 2010 not satisfactory answers

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

28 December 2010 https://ifrs.icai.org/inner/resources/faqs_ciasc_ifrs.asp

Please see answer to question no 5 in above link.

Also see article from below link--

https://www.thehindubusinessline.com/mentor/2010/06/21/stories/2010062150341000.htm

Anil Kumar Meena

Anil Kumar Meena (Expert)

06 March 2011 Friends...

IFRS Stand form International financial reporting standart...

its a composition of 9 IFRS and 41 IAS...

in india the first phase of IFRS implemented from 1st April 2011 subject to condition....

if need more detail...

mail me ur ID...at anil9810122191...

i will give u the standard books...

Thanks.
ANIL KUMAR MEENA
US GAAP & IFRS Consultant

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