Hello Frnds,
I wanted to Know why Ind AS was
introduced in first place and second on what aspects it is going to benefit Indian Companies.
And thirdly,how different is Ind AS from previous AS.
All comments are welcomed and much Appreciated.
Pls Enlighten me on these questions
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Ind AS
Replies (7)
1. in pursuance of the G-20 commitment given by india
2
2
to converge indian as with ifrs
2. it will it improve the quality of financial reporting and hv an impact on how key financials such as revenue, operating profit, net profit, book value, goodwill and return on equity will be calculated
3. the fundamental difference is that ind as recognize substance over form and importance of fair value to compute finl statements
2. it will it improve the quality of financial reporting and hv an impact on how key financials such as revenue, operating profit, net profit, book value, goodwill and return on equity will be calculated
3. the fundamental difference is that ind as recognize substance over form and importance of fair value to compute finl statements
I've been uploading videos on youtube explaining the differences between various AS and Ind AS. If you want to know AS wise differnces the videos. Below is the link to some of the videos
Difference in AS & Ind AS - AS 16 vs Ind AS 23 (Borrowing Costs)
https://youtu.be/hhAJnysdgng
Difference in AS and Ind AS - AS 2 vs Ind AS 2
https://youtu.be/DowstExpNio
Difference in AS & Ind AS - AS 3 vs Ind AS 7 (Cash Flow)
https://youtu.be/zVt11LkogNI
Please let me know if you have any doubts.
@ Riya, thank you for ur reply.
Your point wise answers helped me a lot. :-)
Your point wise answers helped me a lot. :-)
@ CA CS Gopal , thank you sir for ur reply.
I m looking forward to watching your videos. :-)
I m looking forward to watching your videos. :-)
Anytime Sumit ! mention not.
welcome..Happy to help. Let me know if you have any query.
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