In India which accounting standards refers.Whether IND AS or IFRS.
What is the difference between above accounting standard.
For study purpose which books is best.
please suggest best name of the books
Replies (6)
Quick Summary
This discussion clarifies the relationship between IFRS and India's IND AS accounting standards. IND AS is a modified version of IFRS adapted for use in India. The conversation also touches on common misconceptions about IFRS's global reach and offers advice on study materials, suggesting Kamal Garg's books or original CA reporting books for comprehensive understanding.
In simple words, IFRS is the standards which is in America. Ind AS is the modification of IFRS and is used in India. You can refer Kamal Garg book or any other book which you find simple to understand.