1)foreign companies(subsidaries) in India prepare financial statements as per which standards indas/usgaap/ifrs?
example-tesla, Franklin templeton, wellsfargo etc.
2) all Indian companies must follow ind AS, any chance of exemption to follow ifrs?
3) us GAAP follows which companies?
4) ifrs follows which companies?
Menu
Ind AS, us gaap, ifrs
Replies (1)
1. USGAAP/IFRS
2. If net worth is 500 crores rupees then INDAS is mandatory.
Both US GAAP and IFRS followed by foreign companies
2. If net worth is 500 crores rupees then INDAS is mandatory.
Both US GAAP and IFRS followed by foreign companies
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
