Can anyone please provide me in brief about the applicability of IFRS in three phases for interview purpose only?
Thanks & Regards
Menu
IFRS applacability in 3 phases?
Replies (1)
In the first phase, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)-listed companies and those with a networth of over Rs 1,000 crore would switch over to IFRS from April, 2011. From the next year, insurers were to switch over to IFRS.
This would be followed by banks and NBFCs who were supposed to adopt the new accounting system from April, 2013.
The rest would follow the norm by april 1,2014
Recent Topic
- Itr 3 and itr 4 last dates?
- Indexation v/s non indexation for capital gains
- Query for practicing CAs — how does your fir
- Treatment of NPS arrears in form 10E / ITR
- Sale of shares from non resident
- SEC 10(10CC) - TAX PAID BY EMPLOYER ON NON-MONETAR
- Buy back of shares
- Capital gain and federal tax withholding
- TIS amount
- Reimbursed income
Related Topics
CAclubindia
