IFRS

I think we need more clarity on what are you referring to as normal accounting.

Basic Accounting principles remain same worldwide. IFRS are International Financial Reporting Standards.

In India, currently we are following the Indian Accounting Standards. The word normal accounting is interpreted by me as accounting with reference to the ICAI AS and GNs.

In that case your question would refer to the difference between IFRS and ICAI AS and GNs. I would urge you to see the shared files section which has lot of valuable material on the same.