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difference between ind AS &AS

S.vasudeva Reddy (10 Points)

28 February 2018

what is the difference between ind AS &AS??

plz rply

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3 Replies

pankaj (a) (1262 Points)
Replied 28 February 2018

ind as are Indian version of IFRS

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CA Gopal Somani (Consultant) (2057 Points)
Replied 01 March 2018

Agree with Mr. Pankaj. Every country had to adopt IFRS. we did not adopt IFRS as -is, instead we converged it. Took some of the features of IFRS and created Ind AS.

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