Ifrs

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Atul Nagarkar

Atul Nagarkar (Querist)
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12 October 2020 I have query about ifrs . What is the ifrs .

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 October 2020 International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board.
The prescribed listed companies in India have started reporting under the new Indian Accounting Standards (IndAS) from the financial year (2016-17). IndAS are the IFRS converged finan-cial reporting standards and will have to be followed by all the listed companies and certain private companies going forward, in a phased manner. Listed companies with net worth of more than INR 500Cr have reported their Quarter 1 (Q1) results for 30 June 2016, under the new standards.

Atul Nagarkar

Atul Nagarkar (Querist)
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12 October 2020 What's is the difference between Indian accounting and ifrs .

Is there any changes in this accounting entry or etc.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 October 2020 INDAS are converged IFRS standards implemented in India.

Atul Nagarkar

Atul Nagarkar (Querist)
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12 October 2020 Ok
Any changes in indian accounting entries and other countries

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 October 2020 Not much difference.

Atul Nagarkar

Atul Nagarkar (Querist)
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12 October 2020 I have completed b.com and I have 9years experience account ..if I want to do any course in commerce which is best for me.

It would be helpful me in future India and foriegn countries.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 October 2020 See the link.
https://home.kpmg/in/en/home/trainings/advisorytrainings/aaslearningsolutions/diplomainifrsbyacca.html#:~:text=Diploma%20in%20IFRS%20(Diploma%20IFRS,India%20and%20around%20the%20world.

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