Doubt regarding Ind-AS and AS

CA Final 295 views 5 replies

AKASH R

Student CA IPC / IPCC

43 Points Posted on 26 August 2017

I will be writing my CA Final exam in Nov 2017.
In the subject "Financial Reporting", I am finding difficult to remember the differences between Ind-AS and AS and also the Carve Outs. Is there any method or technique to remember the differences and the carve outs or should I by heart the same.

Kindly guide me in this regard.

Replies (5)

sumit kothari

article

47 Points Posted on 26 August 2017

read every day

sumit kothari

article

47 Points Posted on 26 August 2017

read every day

AKASH R

Student CA IPC / IPCC

43 Points Posted on 26 August 2017

Thank You @ Sumit Kothari. But how many hours should I read daily. Since I am writing both the groups, I have to study other subjects too. This is the only topic left out to be studied in 'Financial Reporting' as I have completed all other chapters.

sushant

JOB

145 Points Posted on 27 August 2017

i want to know whether there are seperate ind as ques and solutions available somewhere and applicability. like there is diff method of solving indas ques relating to deferred tax. how to approach preparation for accounting standards have attemded classes when just intro was being done of these indas

kindly guide

CA Gopal Somani

Consultant

2070 Points Posted on 04 September 2017

ICAI has started emphasizing on Ind AS in exam question. It very important for Students to have an understanding of Ind AS, Difference between AS and Ind AS. So I have started a video series on my youtube channel where I am uploading videos explaining the differece between different AS and their corresponding Ind Below are some videos link -

Difference in AS & Ind AS - AS 16 vs Ind AS 23 (Borrowing Costs)

https://youtu.be/hhAJnysdgng

Difference in AS and Ind AS - AS 2 vs Ind AS 2

https://youtu.be/DowstExpNio

Difference in AS & Ind AS - AS 3 vs Ind AS 7 Cash Flow)

https://youtu.be/zVt11LkogNI

You can check other videos as well on my channel.

I hope these videos will be helpful for you.

Please let me know if you have any queries.

Regards,
Gopal Somani