Hi Folks,
I am working in ERP, I have a question , related to IFRS standards.
EX:- XYZ company is having multi business units, (Chemicals, Petrolium, Hardwares, Software Consultancy Service, Franchise, Construction, Property development) they want to maintain each business type as seperate subledger as seperate and only one GL book.
1. What are the rules do we need to follow , while finalising Account Vlues as per IFRS Standards.
Regards
Prasanth
IFRS is accounting standard only.. nothing else
| Originally posted by :CA. Amit Daga | ||
| " | IFRS is accounting standard only.. nothing else | " |
Hi Amit,
Thanks for your reply, I want to know how to follow IFRS Standards while defining Accounting Values for the menton Group of company.
Regards
Prasanth
your question is not clear to me.. please be clear
Please elaborate your query
Question should be specific
| Originally posted by :CA. Amit Daga | ||
| " | Question should be specific | " |
Hi,
There is still need to follow IFRS. There is a separate standard IFRS 8 which provides guidelines for presenting various segments of business.
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