Financial reporting

Aravind.. (CA) (1262 Points)

09 June 2011  

As new Indian accounting standards are released, what will be the applicability of accounting standards for exam. will it be Ind As or AS or both? Moreover there are different standards such as Indian GAAP, US GAAP IAS, IFRIC, FASB, SIC other than IFRS, given in the book. If you could give a brief explanation and cross linkages between them, it would be useful.