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Ind as

Iswarya Sudhakaran (Student CA Final ) (118 Points)

22 November 2015

whether the AS applicable now will also be applicable for May 2016 alongwith IndAs??

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2 Replies

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114215 Points)
Replied 22 November 2015

Yes it will be.

The topic of “Introduction of Indian Accounting Standards (Ind AS); Comparative study of ASs vis-a-vis Ind ASs; Carve outs/ins in Ind ASs vis-à-vis International Financial Reporting Standards (IFRSs)” would be included in the syllabus of Final Paper 1 : Financial Reporting and the same would be applicable from May, 2016 Examination.

Link: https://www.icai.org/new_post.H T M L?post_id=11628&c_id=343

Rahul Sharma (Student) (363 Points)
Replied 23 November 2015

Yes, Current AS as well as Comparative study of AS and Ind AS are applicable for May, 2016 attempt. For detail you can refer ICAI issued supplimentary book for Financial Reporting.