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Jaydip H. Trivedi (Accounting Income Tax Servoces VAT servoces LIC services & Finance consultancy)   (184 Points)

29 December 2008  

Will IFRS be a better aid for preparation and presentation of accounts in India?

 4 Replies

Shudhanshu Agrawal (Business) (2570 Points)
Replied 29 December 2008

We should hope that they willbe better.....and moreover we willbe linked globely

CA CS CIMA Prakash Somani (Landmark Group) (23477 Points)
Replied 30 December 2008

No doubt it would make comparision easier and work in betterment of preparetion and presentatioon.

Shubhankar Limaye (B.Com.) (174 Points)
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 (CA) (2928 Points)
Replied 13 January 2009

It is a step towards Fair Value Accounting.

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