Comparison of financial statements prepared as per internatioal financial reporting standards and Indain GAAP

By:

NAGALE, ABHAY S

Contributor(s):

BAPAT, VARADRAJ

Material type:

Mixed materialsPublication details: 2013Description: 70-75Subject(s):

FINANCIAL STATEMENTS

NLM classification:

657.3

In: CHARTERED ACCOUNTANTMSummary: Indain has opted for convergence to international financial reporting standards i.e. Indian Accounting Standards will be more or less in line with IFRS. It is expected that once the new accounting standards are implemented, it will have a major impact on the financial statements of Indian Companies. The aim of this article is to analyse the major differences in the financial statements prepared as per Indian GAAP and IFRS.

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Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		61/9	Available		P14766

Indain has opted for convergence to international financial reporting standards i.e. Indian Accounting Standards will be more or less in line with IFRS. It is expected that once the new accounting standards are implemented, it will have a major impact on the financial statements of Indian Companies. The aim of this article is to analyse the major differences in the financial statements prepared as per Indian GAAP and IFRS.

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