Accounting Standards

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CA CMA Amarnath Nuthalapati

CA CMA Amarnath Nuthalapati (Querist)
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23 June 2011 I would like to know that whether AS s are applicable for IPCC & Final Exams or IFRS?

CA Harish Suwalka

CA Harish Suwalka (Expert)
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23 June 2011 :- IPcc:- working level knowledge of some AS and general framework in others
Adoption of IFRS and latest dovelopment in this regard

:-Final:- exepert level knowledge of AS and application of IFRS

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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24 June 2011 IFRS is the new concept and AS is the old one. Now, you have to know what is in your course. If AS is in your course then only AS and not IFRS. Let me know whether IFRS are applicable in India? If yes then you have given the answer that you have to prepare for IFRS also but it is always better to have knowledge about IFRS.

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