prasanthbab (SW consultant) (79 Points)
20 October 2009Hi 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
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 25 October 2009
IFRS is accounting standard only.. nothing else
prasanthbab
(SW consultant)
(79 Points)
Replied 25 October 2009
| 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
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 21 November 2009
your question is not clear to me.. please be clear
CA. Rishabh Mittal
(CA in Practice)
(1077 Points)
Replied 24 November 2009
Please elaborate your query
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 26 November 2009
Question should be specific
prasanthbab
(SW consultant)
(79 Points)
Replied 26 November 2009
| Originally posted by :CA. Amit Daga | ||
| " | Question should be specific | " |
C.A Rohit Gambhir
(C.A)
(275 Points)
Replied 12 December 2009
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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