IFRS Implication

Hi CCI Members,

Please state the subject of  CA Final (for Nov 2011 Exam ) which would be alter after IFRS coming into picture.

At present, I am confuse between the below terms and there applicablity:

1. Accounting Standard.(As)

2. Ind AS.

3. IFRS

4. IAS

 

Please guide as I am not taking any coaching for the same.

Replies (1)

IAS - International Accounting standards

IFRS - International Financial Reporting Standards

Standards issued by IASB upto 2001 known as IAS and standards issued after 2001 known as IFRS. IAS and IFRS collectively now called as IFRS.

 

IND AS - Indian version of IFRS

AS - Existing indian AS

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