Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

EASYOFFICE

difference between as and ind-as

suraj (IT) (160 Points)

24 February 2018

are they same ?

Reply
Follow
Share

7 Replies

Nishant (Assistant) (1095 Points)
Replied 24 February 2018

No...AS - Historical cost
Ind AS - carrying cost.

Upgrade to CAclubindia Pro. Subscribe Now!

Nishant (Assistant) (1095 Points)
Replied 24 February 2018

No...AS - Historical cost
Ind AS - carrying cost.

CA Gopal Somani (Consultant) (2057 Points)
Replied 26 February 2018

No..ind AS were created taking some references from IFRS. There are various differences in AS and Ind AS.

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

1 Like

CA Gopal Somani (Consultant) (2057 Points)
Replied 26 February 2018

No..ind AS were created taking some references from IFRS. There are various differences in AS and Ind AS.

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

CA Gopal Somani (Consultant) (2057 Points)
Replied 26 February 2018

No..ind AS were created taking some references from IFRS. There are various differences in AS and Ind AS.

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

Upgrade to CAclubindia Pro. Subscribe Now!

Sandeep Das (4 Points)
Replied 26 February 2018

As there are some of the concepts in IFRSs, which are impracticable to implement practically in Indian business environment, Ind AS were formulated with modifications. And applicability also defers for both.

Sandeep Das (4 Points)
Replied 26 February 2018

As there are some of the concepts in IFRSs, which are impracticable to implement practically in Indian business environment, Ind AS were formulated with modifications. And applicability also defers for both.

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

EasyOFFICE

CCI Pro

Trending Online Classes

Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training

Sachin Jain

Enroll Now

16 October 2024
Foreign Trade Programme (Export & Import)(With Recording)

Ranjan Upreti

Enroll Now

16 September 2024
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(without recording)

CA John Ravindran Moses

Enroll Now

11 September 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings