Sushant Lohani (CHARTERED ACCOUNTANT) (1051 Points)
28 June 2011I am giving CA final this november.A friend of mine is giving me his DS Rawat's book from which he studied for May2011 exams.That was the most recent book for may2011 exams.
Do i have to buy new edition for nov2011 exams or will the old book suffice? Are there any amendments?
Sushant Lohani
(CHARTERED ACCOUNTANT)
(1051 Points)
Replied 28 June 2011
Does his book also have notes on ASI,Guidance notes etc? for eg: on ESOP
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 28 June 2011
You should buy the latest edition because in latest edition IND AS are also discussed.
.
If you can update your knolwedge regualrly from Institute's site, then there is no need of buying the latest one.
.
The latest IND AS are available at institute's site and MCA's portal.
Sushant Lohani
(CHARTERED ACCOUNTANT)
(1051 Points)
Replied 28 June 2011
Sir, Thanx first of all for responding to my query so quickly.
But isn't the Ind AS which u are talking about, which are converged with IFRS are not applicable for nov 2011 exams.
ICAI notification told as follows:"
Indian Accounting Standards converged with the IFRS (Known as Ind AS)
The MCA has notified 35 converged Indian Accounting Standards (Ind ‘AS’) without
announcing the applicability date. 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. These
Ind ASs are not applicable for the students appearing in November, 2011 Examination. "
Were you sir referring to this IND AS?
CAclubindia
