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Coverage of as and ind as ?

Deepak Arora (CA-Final) (398 Points)

23 August 2017

Hi Friends

Can anyone help me to understand about the coverage of accounting standards and IND AS, to what extent we have to study IND AS and what will be the weightage of both in financial reporting exam.

Thanks in advance

Regards

Deepak Arora

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4 Replies

Suraj Agrawalla (11 Points)
Replied 23 August 2017

As is completely applicable on us.. And as far as ind as is concerned the 2nd chapter of icai sm on carve outs, comparative study between as and ind as along with the topic of financial instruments is based on ind as.. N as u can see in the may 17 paper also small conceptual problems can be asked on these topic.. But other topics like consolidation amalgamation will be as per ind as only for nov 17 exam..

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CA Gopal Somani (Consultant) (2057 Points)
Replied 23 August 2017

Agree with Mr. Suraj.

ICAI has started emphasizing on Ind AS in exam question. It very important for Students to have an understanding of Ind AS, Difference between AS and Ind AS. So I have started a video series on my youtube channel where I am uploading videos explaining the differece between different AS and their corresponding Ind Below are some videos link -

Difference in AS & Ind AS - AS 16 vs Ind AS 23 (Borrowing Costs)

https://youtu.be/hhAJnysdgng

Difference in AS and Ind AS - AS 2 vs Ind AS 2

https://youtu.be/DowstExpNio

Difference in AS & Ind AS - AS 3 vs Ind AS 7 Cash Flow)

https://youtu.be/zVt11LkogNI

You can check other videos as well on my channel.

I hope these videos will be helpful for you.

Please let me know if you have any queries.

Regards,
Gopal Somani