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Difference between IND AS and IFRS?

T K Vijith (143 Points)

24 September 2019

Dear Expert,

Can anyone explain me Difference between IND AS and IFRS?

Thanks in advance

Thanks
Vijith T K

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4 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14903 Points)
Replied 25 September 2019

IND- AS - Indian Accounting Slandered for compliance of your Financial Statement and financial reports In India

IFRS - International Financial Reporting Standards

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T K Vijith (143 Points)
Replied 25 September 2019

I am asking about difference...

Suresh J (2 Points)
Replied 25 September 2019

Sir Ind AS is like IFRS but we not adopted Accounting standards of IFRS but we convergence the Accounting standards of IFRS to Ind AS to meet up and have globally recognize of standards there is no difference between Ind AS and IFRS but we have made some changes in Ind AS for our economic environment

sabyasachi mukherjee (27797 Points)
Replied 03 October 2019

IFRS AND IND AS.
IFRS-
are set of accounting standards developed by International Accounting Standards Board places on developing standards based on sound and clearly stated principles.
IASC HAS ISSUED 41 ACCOUNTING STANDARDS.
THERE ARE 8 IFRS.
IND AS are accounting standards converged with with international and induan accounting standards.