Hiii Friends...
Plz tell me whether Ind.AS n IFRS is applicable for may 11 examination for CA final.
m waiting for reply...
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about may 11 CA examinations..
Replies (4)
Indian Accounting Standards converged with the IFRS (Ind AS)
These are the standards which are being converged by eliminating the differences of the Indian Accounting Standards vis-à-vis IFRS. These standards shall be applied for all companies falling under Phase I to Phase III as prescribed under the roadmap issued by the core group. At present, these Ind Ass are in the form of Exposure Drafts and not yet finalized and therefore, not applicable for the students appearing in May, 2011 Examination.
you mean 2 say Accounting Standards are not applicable for may'2011 exams. Is it so?????
@ suresh
these have been finalised............but r not applicable for some recent exams............
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