Are IAS applicable in November 2011 exams CA final Accounts?

Final 1649 views 10 replies

In the "student's newsletter" july 2011, they have given the list of AS which are applicable for November 2011 CA final exams.But there they have specifically told that "Indian Accounting Standards converged with IFRS(Ind AS)" wont be applicable for Nov 2011 exams.(page 18).

But what about the Ind AS given in the DS Rawat book (19th edition) from page 575 to  666 comprising of the following topics:

"IAS 1,2,7,8,10,11,12,16,17,18,19,20,21,23,24,26,27,28,29,31,24,36,37,38,39,40,41;;;IFRS 2,3,4,5,6,7,8. ".Also plz see see page 570 in the same book of the list of Ind AS."

Are they applicable in addition to AS 1-32 and GN for november exams?

Replies (10)

Indian Accounting Standards converged with IFRS(Ind AS)" , these are itself "Ind AS"..thus as notified by institute these wont be applicable for Nov2011

Isn't IAS mean "international accounting standards"? Has icai mean that ias is not applicable?

IAS do mean International accounting standards..but so as to avoid direct impact of changes in these standards Company law has taken a wise step i.e. it has converted IAS into "IND AS " subject to some changes which we people ought to learn..These standards i.e.(IND AS) are not applicable for Nov.2011 but same would be applicable for may2012 xmas subject to any modification by ICAI.

 

IFRS or IAS are nothing but IND AS or  u cn say IND AS is nothing but IFRS or IAS

I think the following topics,is, howeverapplicable:

Chap 33: Global Accounting-harmonisation and standardisation(indian gaap,ias and us gaap)

 

33.1 Need for harmonisation and standardisation

33.2 Meaning and purpose of the Accounting std

33.3 What is US GAAP?

33.4 International Accounting standard(IAS)/IFRS

33.5 Revised Schedule VI(this portion is pukka not applicable)

Yes,,ICAI has asked for basic concepts of IAS etc.. nt for sure revised schedule vi is not applicable as notified by institiute

what are the accounting standards applicable to nov 2011 and i want clear notes of standards.from which site can i find accounting standards

hey amit, man ur answers are really awesome and to the Point ..

well can u help with the Preperation for the IAS for May 2012

i mean to say how should the preperation for IND AS once u r well aware of AS

ur quick help would be of lot help

thanks yaar

Wish u All Da best

would u tell me what is difference between  ind as And A-S ?

 

 

Yes. You can apply for IAS exam by doing CA final Accounts.

ROFL Who is talking about UPSC exams?


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