India has committed to converging Indian accounting standards to IFRS at the 2009 G20 Summit. In reference to this, the Government of India's Ministry of Corporate Affairs (MCA) previously introduced a combination of Indian Accounting Standards (Ind AS) and International Financial Reporting Standards...
Indian Accounting standards still deal with them in a fragmented manner through two guidance notes (on futures and options) and an Accounting Standard (AS11). This paper is an attempt to synthesize and coordinate differing viewpoints and unify perspectives. The paper explains at length the principle...
( 2009 ), “ The evolution of Indian accounting standards: its history and current status with regard to international financial reporting standards ”, Advances in Accounting, Vol. 25 No. 1, pp. 106 - 111 . [] []Perumpral, S. E., Evans, M., Agarwal, S., & Amenkhienan, F. (...
The paradigm shift in the economic environment in India during last few years has led to increasing attention being devoted to accounting standards as a means towards ensuring potent and transparent financial reporting by any corporat... HS Patange - 《Indian Streams Research Journal》 被引量: 2发...
• At present, the following standards have been notified by Govt. of India: 1. Guarantees given by Governments: Disclosure Requirements (IGAS1) 2. Accounting and Classification of Grants-in-aid (IGAS2) 3. Loans and Advances made by Governments (IGAS 3) 4. Further 3 standards are under...
Issue 6: ABC Limited is an unlisted company that was required to apply Ind ASs from financial year beginning April 1, 2017 due to its meeting the net worth criterion laid down in sub-clause (b) of clause (iii) of sub-rule (1) of rule 4 of the Companies ...
JF Sander,SB Hughes - 《Management Accounting Quarterly》 被引量: 7发表: 2007年 IFRS and US GAAP : similarities and differences : September 2010 International Financial Reporting Standards (IFRS) are now required for consolidated financial reports for all European Union exchange-listed companies. Offi...
The Securities Exchange Board of India (SEBI)—the regulatory body for securities markets in India—has now designed the new BRSR to be interoperable with other internationally accepted reporting frameworks. Such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB...
Standard-Setting: Process Followed US GAAP • In US, the legalistic and litigious nature of the business environment has led to a style of accounting standards and supporting guidance that is rule-driven • A rule for almost every circumstances. Even then the standards written in terms of ...
Therefore, the localization must be analyzed by prospective customers or a tax professional, such as an accounting and tax auditor, a tax law firm, or a tributary consulting firm that can assess whether the functionality will meet the customer's business needs, or whether custom solutions are ...