Applicability of ifrs

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sai teja (Querist)
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08 November 2015 Dear all, Whether IFRS is applicable for May 2016 Attempt. If yes then entire IFRS or Only comparison between current standards & Ind AS..

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 November 2015 The topic of “Introduction of Indian Accounting Standards (Ind AS); Comparative study of ASs vis-a-vis Ind ASs; Carve outs/ins in Ind ASs vis-à-vis International Financial Reporting Standards (IFRSs)” would be included in the syllabus of Final Paper 1 : Financial Reporting and the same would be applicable from May, 2016 Examination.

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