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Please suggest IFRS

CA Final 826 views 6 replies

Dear friends,

 

I want to make my career in Audit so pls. suggest me whether i should do IFRS or not????

Is IFRS means Revised Indian Accounting Standard????

I want to work in India only.....

Pls. Help

 

Thanks & Regards,

Deepak G

Replies (6)

Go for IndAS..... i.e. Indian Accounting Standards.... which are also known as Converged IFRS......

IFRS are not equal to revised accounting standards.

Please go to this link to understand difference:

https://wirc-icai.org/wirc_referencer/Acconting%20&%20Auditing/Comparison%20of%20IFRS%20and%20Indian%20Accounting%20Standards.htm

Yes! You have to know IFRS, you have to study and gain sufficient knowledge in IFRS.

If not now, may be in next 5 years, India is going to implement IFRS Completely,

Without knowing IFRS, how would you audit accounts?

Thanks,

 

Pls can anyone share the exact knowledge about the REVISED AS...

Well Deepak, I got a link & a file, please go through them, you can understand better.

https://ifrs.icai.org/inner/resources/faqs_ciasc_ifrs.asp

 

See attached file to know the Difference between Ind AS (Commonly known as Revised AS) and Existing AS

 

 

 

Vishnupriya.... as it is rightly said that there is difference between IndAS and IFRS.....
and in India, it is IndAS which would be implemented..... so, why are you quoting reference to IFRS?.... One should go ahead with IndAS.... which is not exactly similar to IFRS.....

Hi Folks,

Good Day!

Please anyone of you advice me to how to grow in career... As am completed MBA finance and am working wipro Technologies from last 4 years as Senior Excecutive.

Now want learn something new for growth in all Prospectives..I heard about of IFRS (KPMG) & Indian Accounting Standard Courses.

 

Please advice me which course have full demand in future Market to grow.

 

Thanks

Naresh

 


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