cn any 1 explain abt IFRS ????
10 Replies
M.Aravinda Kumar
(Finance)
(83 Points)
Replied 05 December 2008
IFRS is INTERNATIONAL FINANCIAL REPORTING STANDARDS as like Accounting standards, IFRS is going to applicable from 2010 onwards world wide.
If you ICAI is starting this course initially in Mumbai.
If you want to know further call me 9952423134
CA.M.Aravinda Kumar
Garvit
(Service)
(80 Points)
Replied 05 December 2008
Hi pooja, IFRS stands for International Financial Reporting Standard, thats going to be mendatory for every public listed co. of India from 2011. As of now every country has its own method of submiting accounts and balancesheets but form 2011 all the public listed co. would have to produce their balancesheet on the basis of IFRS also. Many countries have also addopted it and working according to this. If you have anyother query pls call on 011-42004801 of 09971493456. I am sending you one doccument for your knowledge, have a look at this.
Attached File : 14 piron ifrs training - general.pdf downloaded: 254 times
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 05 December 2008
in the layman term IFRS is Accounting Standard only which is globally accepted standard.. For law of haromonisation ...now most of the countries are starting adopting IFRS in phase manner.. In india we will be disclose our first balance sheet as on 31st march 2011
pooja
(study)
(107 Points)
Replied 05 December 2008
ya. but.. its cntents are same as.. of accounting stds.?? wat is its pattern???
Garvit
(Service)
(80 Points)
Replied 05 December 2008
U can go for Dip-IFR. attached is the doccument.
Attached File : 41 piron-dipifr.pdf downloaded: 260 times
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 05 December 2008
IFRS stands for Internation Financial Reporting Standards.
For details u can visit the following websites:https://www.iasb.org/Home.htm
https://www.pwc.com/extweb/home.nsf/docid/81ebdb1ec1510a15852574e200625d2b
CA. Abhishek Bansal
(Research Analyst)
(64 Points)
Replied 05 December 2008
| Originally posted by :pooja | ||
| " | cn any 1 explain abt IFRS ???? | " |
IFRS (International Financial Reporting Standards) are the Accounting Statndards, which will be used globally to have a uniform set of reporting. Many countries of world have acdopted IFRS.
Uday Kanth
(Consultant)
(71 Points)
Replied 06 December 2008
Hi,
These are International Financial Reporting Standards and interpretations adopted by International Accounting Standards Board (IASB) worked up with an underlying assumptions of accural basis andgoing concern.
IASB - International Accounting Standards Boardearlier known as IASC - International accounting standrads committee is the responsible body for these IFRS.
Currently IASB had about 140 member bodies ( Including ICAI from Inida) from 104 countries.
You can visit their offficial web site www.iasb.org for more information.
Praveeri
(Assistant Manager Finance)
(197 Points)
Replied 09 December 2008
can somebody guide how to study by post
Garvit
(Service)
(80 Points)
Replied 09 December 2008
Hi Praveeri, u can do distance learning program in IFRS. u will be getting the best study material, multimedia sortwares, previlliged access to a portal where u can discuss with faculties and students, and complete assistance by a trained team. log on to: www.pironeducation.com or write a mail to info @ pironeducation.com. call: 011-42004801 or 0-9971493456
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