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May 2018 exams- AS or IndAS?
Can anyone tell me as to what is applicable for MAY 2018 exams (old scheme) IndAS OR AS
Replies (6)
for which level??
for finals
Srihari - I am pretty sure both are applicable... because all AS haven't been withdrawn as yet.
But under the revised scheme, you don't find AS its entirely IndAS.
Both AS and IndAS are applicable. IndAS is not applicable for every business as per the road map. Certain entities are only covered. So for others, existing AS are applicable.
In the exam, the question shall either mention as per what it is to be answered or give a hint as to who is the reporting entity.
If nothing is given, in my view it is safe to answer as per both.
In the exam, the question shall either mention as per what it is to be answered or give a hint as to who is the reporting entity.
If nothing is given, in my view it is safe to answer as per both.
Thank you
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