Applicablitity of IFRS
This query is : Resolved
13 May 2010
hello friends,
Can some body tell me type of companies to whom IFRS are applicable.
Are IFRS applicable to all type of Listed Companies.
Can some body tell me type of companies to whom IFRS are applicable.
Are IFRS applicable to all type of Listed Companies.
13 May 2010
IRFS is applicable from 2011 onwards only to entities (whether or not companies, whether or not listed or whether private limited or public limited) which has a NETWORTH (not turnover) of Rs. 1000/- crores. It will be applicable to entities having networth of Rs. 500 cores or more from 2012 and to all other entities which are listed companies with effect from 2014.
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