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Ca final ind as for may 2016 exams

Tara Khandelwal (Student CA Final ) (298 Points)

20 January 2016

Guys there is amendment regarding Ind AS in Financial reporting...supplementary portion goes around 250 to 300 pages..should we study the entire portion??..confused

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Dheeraj Rinwa (Student) (98 Points)
Replied 20 January 2016

Only the difference between Ind as and existing accounting standards & carve in carve outs will be asked as a theoretical questions so the thorough study is not required for all ind as. On other hand Ind as 32/107/109 is required to be prepared thoroughly because these are notified now and the practical questions will be based on these standards which are replacing the old 30/31/32.

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Vinayak (Accountant) (32 Points)
Replied 20 January 2016

Dear Tara,

Go throung ICAI site in BOS knowledge portal you will find addtional material for IND AS 32-107-109 of 72 pages which need to be study for May-2016 exam while AS-1 to AS-29 will remain same as before applicable only is AS-32 and exclusion is AS-30/31/32.

Vinayak

Tara Khandelwal (Student CA Final ) (298 Points)
Replied 20 January 2016

@ dheeraj. .. thank u

@ vinayak

Ya I am clear about the applicability of ind as instead of as 30 31 32 which shud be learnt thoroughly....I wasn't clear about the other ind as..There are around 50 to 56 other ind as..shold we study the differences carve out carve ins of these entire 56 ind as vs as

Dheeraj Rinwa (Student) (98 Points)
Replied 22 January 2016

Dear Tara There are Total count of 38 ind as please refer page 4 and 5 of Ind As supplementary. So these has to be studied. You can download the material from bos knowledge portal.