Hiii Friends...
Plz tell me whether Ind.AS n IFRS is applicable for may 11 examination for CA final.
m waiting for reply...
4 Replies
Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 04 March 2011
Indian Accounting Standards converged with the IFRS (Ind AS)
These are the standards which are being converged by eliminating the differences of the Indian Accounting Standards vis-à-vis IFRS. These standards shall be applied for all companies falling under Phase I to Phase III as prescribed under the roadmap issued by the core group. At present, these Ind Ass are in the form of Exposure Drafts and not yet finalized and therefore, not applicable for the students appearing in May, 2011 Examination.
K Lohia
(Ca final student)
(98 Points)
Replied 04 March 2011
you mean 2 say Accounting Standards are not applicable for may'2011 exams. Is it so?????
sanjeet
(Final)
(37 Points)
Replied 05 March 2011
@ suresh
these have been finalised............but r not applicable for some recent exams............
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