CAN ANY BODY PLEASE TELL ME IN THE 2013 INDIAN ACCOUNTING STANDERDS OR IFRS ARE APPLICABLE TO ENTITIES
1 Replies
BHAWNA NATHRANI
(CA)
(57 Points)
Replied 10 February 2013
From April 2013 IFRS will be applicable to all entites except following
Non Listed companies having net worth of less thanor equal to Rs.500 crores and whose shares are not listed in the stock exchange outside India.
SMC.
But for listed companies having net worth of Rs. 500 crore or less than will convert their opening Balance with IFRS from 1st April 2014.
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