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CARVE-OUT AND CARVE-IN

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ACCOUNTANT

Student

590 Points Posted on 02 February 2020

What is the difference between carve-out and CARVE-IN?

Replies (7)

Quick Summary

This discussion clarifies the terms 'carve-out' and 'carve-in' within accounting, particularly concerning Ind AS and IFRS. A carve-out refers to items removed or differing from the original accounting standards (like IFRS), while a carve-in signifies additional items or modifications introduced into the new standard (like Ind AS). The conversation highlights that these terms relate to adjustments in accounting principles rather than just mergers or sales.

Guest

Carve-outs: items removed

Carve-ins: items inserted

ACCOUNTANT

Student

590 Points Posted on 03 February 2020

Carve outs - sale outs and carve-ins - mergers. .. Is this also correct. .. Please provide further explanation. . Thank you

Guest

What's the context?

ACCOUNTANT

Student

590 Points Posted on 03 February 2020

With reference to IND AS.... it was said that "Accounting of Entities under common control" Is termed as carve-in and differences which are in deviation to the accounting principles and practices stated in IFRS " Commonly known as carve-outs