Near Final Indian Accounting Standards - (14-01-2011

Bookmarked Suresh

Originally posted by : Rahul
	Bookmarked Suresh

Thanks a Lot....!!!!!!!!!!!

Be Positive, Be Confident, Keep Smiling And Never Give Up.....

Thanks for the info....

Bookmarked

Thanks for the information.

can anyone explain what it is actuly ......................... what is the diffrence in this and IFRS and A.S.

??????????????

I m confused

Madhusudan Kabra

Can anyone tell ..What is the diff b/w AS(which we are studying right now ) & This New Ind-AS

After this earlier AS will be scrapped for sure.

are these New Ind-AS...is somehow used in comparison with IFRS

Thanks 4 the info Dear....!! 

Bookmarked.....!!!

These are the standards which will be applicable to  specified Companies only by the virtue of section 211(3C), after they are approved by  National Advisory Committee on Accounting Standards (NACAS) . The first set of Accounting Standards (i.e. converged accounting  standards) will be applied from 1st April, 2011..... These companies are:-

a. Companies which are part of NSE – Nifty 50



b. Companies which are part of BSE - Sens*x 30



c. Companies whose shares or other securities are listed on stock exchanges outside India



d. Companies, whether listed or not, which have a net worth in excess of 1,000 crores.

Are these Ind AS applicble for May2011 examination.

Originally posted by : MRM
	Thanks for the info....   Bookmarked

Thanks a lot

So far as i know number has not been changed of indian AS but indian AS has been converged to IFRS.please clarify this to me.

the standard you have provided has the same number as IFRS has.for example AS 3 n IFRS 3 business combination.

Thanks for sharing...

Originally posted by : CS Ankur Srivastava
	Thanks for sharing...

Welcome ....!!!!!!!!!!!