Will IFRS be a better aid for preparation and presentation of accounts in India?
Replied 29 December 2008
We should hope that they willbe better.....and moreover we willbe linked globely
CA CS CIMA Prakash Somani
Replied 30 December 2008
No doubt it would make comparision easier and work in betterment of preparetion and presentatioon.
Replied 06 January 2009
Accounting will be FAIR [highly emphasised] so to say.....
I would really look forward to it. I am quite confident the we Indians will find ingenious methods of using those IFRS to our advantage
CA Pawan Goswami
Replied 13 January 2009
It is a step towards Fair Value Accounting.