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May 2018 exams- AS or IndAS?

SRIHARI RAO K P (Student) (43 Points)

26 December 2017

Can anyone tell me as to what is applicable for MAY 2018 exams (old scheme) IndAS OR AS

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6 Replies

Prajjwal Kaushik (Finance Professional) (6216 Points)
Replied 27 December 2017

for which level??

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SRIHARI RAO K P (Student) (43 Points)
Replied 27 December 2017

for finals

Aritra Majumdar (B.Com(H),CA) (2420 Points)
Replied 28 December 2017

Srihari - I am pretty sure both are applicable... because all AS haven't been withdrawn as yet.

SRIHARI RAO K P (Student) (43 Points)
Replied 28 December 2017

But under the revised scheme, you don't find AS its entirely IndAS.

Satya Lahiri Dandlamudi (CA Final student) (526 Points)
Replied 28 December 2017

Both AS and IndAS are applicable. IndAS is not applicable for every business as per the road map. Certain entities are only covered. So for others, existing AS are applicable.

In the exam, the question shall either mention as per what it is to be answered or give a hint as to who is the reporting entity.

If nothing is given, in my view it is safe to answer as per both.

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SRIHARI RAO K P (Student) (43 Points)
Replied 28 December 2017

Thank you