Ifrs in india

Applicability of IFRS for Indian concerns

Currently IFRS has been made applicable from the reporting year 2011 (or 2011-12, as the case may be) by Ministry of Corporate Affairs for the following:

-Listed companies

-Bank, Insurance companies, mutual funds and Financial Institutions

-Turnover in preceding year exceed INR 1 Billion

-Borrowing in preceding year exceed INR 250 Million

I have disconnect over here with Nirav.

According to my infomration the IND AS Indian version of IFRS was supposed to be effetive from April 2012 but the same got postponed till any further notification issued by MCA. This has been postponed primarily because of tax issues which need to be address before we move to IND AS.

You can go for corrospondence course of DIP IFRS being provided by ACCA UK.

checkout the Course Details and Deliverables, Course Objectives, Eligibility and Fees Structure for IFRS ACCA, U.K - www.pironcorp.com/DLP-IFRS.html

i agree with mayur....

sanjay Ind As is converged form of IFRS, so in india Ind AS which are notified by MCA will b applicable not actual IFRS but the date of impleamentation is postponded.