Menu
ind as and ifrs
please tell me the difference between Ind As and IFRS.
Replies (2)
Ind As is indian As while IFRS is UK AS.... Ind AS is converged form of IFRS.... we don't adopted IFRS as it.... Modify accordingly indian economy
In simple terms, Convergence with IFRS means that India would not be applying the IFRS as issued by the International Body but would try to get its own accounting standards in snyc with the International Financial Reporting Standards. And these synced Indian Accounting Standards are popularly referred to as ‘Ind-AS’.
Recent Topics :
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
Related Topics :
CAclubindia
