Will IFRS be a better aid for preparation and presentation of accounts in India?
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IFRS
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We should hope that they willbe better.....and moreover we willbe linked globely
No doubt it would make comparision easier and work in betterment of preparetion and presentatioon.
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
It is a step towards Fair Value Accounting.
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