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Financials under ifrs

IFRS 322 views 1 replies

Dear Friends,

Many Indian Listed Companies prepare their Financials as per IndAS as applicable and required by Law in India. But they also prepare Financials under IFRS.

 

Now my doubt is -  When these companies are required to prepare Financials under IFRS and for what purpose? Is it Mandatory?

 

 

Please kindly suggest.

Replies (1)
They are preparing their balance sheet for comparison between overseas companies.. As ifrs applied to all UN countries.... And if they hv subsidiary of outside India then they hv to prepare as per that land of laws also..


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