Ind-AS - IFRS
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Ind AS are the set of accounting standards(39 in numbers) notified by MCA on the convergad of IFRS &
Ind-AS-IFRS is a team of professionals,whose motive is to provide online education & tutorials about IndAS without any cost & help our professional friends to gain knowledge about IndAS so that they can reach new heights of their career.For this purpose we have also a website "indasifrs.com".
14/06/2016
How IFRS converged to India & India shifting towards IFRS converged Ind-AS
http://indasifrs.com/convergence-to-ifrs/
Convergence to IFRS – Ind-AS Convergence to IFRS CA Paras Bhatia | May 9, 2016 | Professionals | No Comments Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail Understanding International Financial Reporting Standards (IFRS) or Indian Accounting Standards (Ind AS) which are converged wit...
10/06/2016
Dear professionals & students
Every time when u start to study Ind-AS, some question comes in your mind, "How to start? Or From where to start read first? Or what is the right sequel to start reading Ind-AS?"
Read this article & start self study for Ind-AS
http://indasifrs.com/sequel-to-start-ind-as/
Sequel to Start Ind-AS – Ind-AS Sequel to Start Ind-AS CA Paras Bhatia | May 4, 2016 | Professionals | No Comments Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail Hello everyone, I have received many queries, some from professionals & some from students, about the sequel to start Ind-AS…
13/05/2016
IFRS converged IndAS brings alot of opportunities in India for Chartered Accountants.
Here is the detail of opportunities for Indian CAs in IndAS
http://indasifrs.com/opportunities-for-indian-chartered-accountants-in-ind-as/
Opportunities for Indian Chartered Accountants in Ind-AS – Ind-AS Opportunities for Indian Chartered Accountants in Ind-AS CA Paras Bhatia | May 9, 2016 | Professionals | No Comments Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail The adoption or convergence with IFRSs benefits the accounting professionals in a way that…
29/04/2016
Here is the list of all applicable Ind-AS ( Indisn Accounting Standards ).
http://indasifrs.com/list-of-ind-as/
List of Ind-AS – Ind-AS List of Ind-AS CA Paras Bhatia | April 11, 2016 | Miscellaneous, Students | No Comments Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail 101 First Time Adoption of Indian Accounting Standards 102 Share Based Payment 103 Business Combinations 104 Insurance C…
22/04/2016
Know what is IndAS & what is its relation with IFRS & how it enters into India.
http://indasifrs.com/introduction-to-ind-as/
Introduction to Ind-AS – Ind-AS Introduction to Ind-AS CA Paras Bhatia | April 10, 2016 | Miscellaneous, Students | No Comments Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail First Step towards IFRS The Institute of Chartered Accountants of India (ICAI) being the accounting standards-se…
13/03/2016
Some important point from the notification issued by MCA dated 16th feb 2015
1. Ind As once required to be complied, shall apply to both stand-alone financial statements and consolidated financial statements.
2. Overseas subsidiary, associate, joint venture and other similar entities of an Indian company may prepare its standalone financial statements in accordance with the requirements of the specific jurisdiction, provided that such Indian company shall prepare its consolidated financial statements in accordance with Ind AS either voluntarily or mandatorily if it meets the criteria.
3. Indian company which is a subsidiary, associate, joint venture and other similar entities of a foreign company shall prepare its financial statements in accordance with the Ind AS either voluntarily or mandatorily if it meets the criteria.
4. Once the Ind AS are applied voluntarily, it shall be irrevocable and prepare its financial statements as per the Ind AS consistently.
5. Companies exempted from Ind AS:-
(i) Insurance companies,
(ii) Banking companies and
(iii) non-banking finance companies
http://indasifrs.com/notification-of-mca-related-to-indian-accounting-standards
Notification of MCA related to Indian Accounting Standards – Ind-AS Notification of MCA related to Indian Accounting Standards CA Paras Bhatia | December 9, 2015 | Miscellaneous | 1 Comment Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail MCA Notifies Indian Accounting Standards (Ind AS) applicable from 01-04-2015, 01-04-20…
12/03/2016
The basic differences between IND AS 1 & AS 1 is:-
1. IND AS 1 deals with presentation of financial statements.
& AS 1 deals with disclosure of accounting policies.
2. IND AS 1 requires explicit statement in the financial statements of compliance with all the Indian Accounting Standards. Further, IND AS 1 allows deviation from a requirement of an accounting standard.
Where as no such provisions in AS 1
http://indasifrs.com/as-1-vs-indas-1
AS 1 v/s IndAS 1 – Ind-AS AS 1 v/s IndAS 1 Ind-AS IFRS | January 7, 2016 | Comparisons | No Comments Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail Difference between AS 1 & IndAS 1 Related Posts AS 16 v/s IndAS 23 No Comments | Jan 26, 2016 AS 3 v/s IndAS 7 No Comments | Jan 7, 2…
Know how IndAS is working on Foreign exchange transactions and how it is different from existing AS 11.
http://indasifrs.com/as-11-vs-indas-21/
http://indasifrs.com/ind-as-21/
28/02/2016
Know how IndAS is working on "Earning per share (BEPS & DEPS )" and how it is different from existing AS.
http://indasifrs.com/as-20-vs-indas-33/
http://indasifrs.com/ind-as-33/
AS 20 v/s IndAS 33 – Ind-AS AS 20 v/s IndAS 33 Ind-AS IFRS | January 26, 2016 | Comparisons | No Comments Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail Difference between AS 20 & IndAS 33 Related Posts Difference between IndAS & AS 3 Comments | Dec 30, 2015 AS 12 v/s IndAS 20 No Co…
24/02/2016
Check out the treatment of deferred tax in IndAS and its difference with existing AS
http://indasifrs.com/as-22-vs-indas-12/
http://indasifrs.com/ind-as-12/
15/02/2016
Check out question bank for IndAS for CA Final May 2016.
These questions are sufficient for exams
http://indasifrs.com/indas-question-bank/
IndAS Question Bank – Ind-AS IndAS Question Bank Ind-AS IFRS | February 8, 2016 | Students | No Comments Share on Facebook Share Share on Google Plus Share Share on Pinterest Share Send email Mail Question Bank of IndAS 32, 107 & 109 for May 2016 We are here to inform you that only 3 IndAS ( 32, 107 & 109 ) are applicable in fu…
Learn how Accounting, Reporting & Valuation of Fixed Assets is different in IndAS from existing AS.
http://indasifrs.com/as-6-10-vs-indas-16/
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