Bharat's Beginner's Guide to Ind-AS & IFRS PDF Download
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Author: Kamal Garg
Publisher:
ISBN: 9789351394297
Category : Accounting
Languages : en
Pages : 505
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Book Description
Author: Kamal Garg
Publisher:
ISBN: 9789351394297
Category : Accounting
Languages : en
Pages : 505
Get Book Here
Book Description
Author: Kamal Garg
Publisher:
ISBN: 9789351396611
Category :
Languages : en
Pages :
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Book Description
Author: Kamal Garg
Publisher:
ISBN: 9789351393610
Category : Accounting
Languages : en
Pages : 1072
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Book Description
Author:
Publisher:
ISBN: 9789386920775
Category :
Languages : en
Pages : 1782
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Book Description
Author: Kamal Garg
Publisher:
ISBN: 9789351394259
Category : Accounting
Languages : en
Pages : 149
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Book Description
Author: Kamal Garg
Publisher:
ISBN: 9788177336139
Category :
Languages : en
Pages : 1864
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Book Description
Author: Kamal Garg
Publisher:
ISBN: 9788177334982
Category :
Languages : en
Pages : 1608
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Book Description
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9390128404
Category : Law
Languages : en
Pages : 17
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Book Description
Author: Navneet Singh
Publisher: Navneet Singh
ISBN:
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
Accounting Standards in Bharat Accounting standards in India, often referred to as Indian Accounting Standards (Ind AS), have evolved over the years to align with international accounting standards, particularly with the International Financial Reporting Standards (IFRS). Here's a brief overview: Convergence with IFRS: In 2011, the Ministry of Corporate Affairs (MCA) in India announced its plan to converge Indian accounting standards with IFRS. This convergence aimed to enhance transparency, comparability, and credibility of financial statements. Implementation: The adoption of Ind AS began in phases from April 1, 2016, for certain categories of companies. Initially, listed and unlisted companies meeting certain thresholds were required to adopt Ind AS. Later, the scope expanded to include more entities. Standards: The Ind AS framework comprises standards issued by the Accounting Standards Board (ASB) under the Institute of Chartered Accountants of India (ICAI). These standards cover various aspects of financial reporting, including presentation of financial statements, revenue recognition, leases, financial instruments, etc. Regulatory Framework: The Companies Act, 2013, governs the application of accounting standards in India. Under this Act, the Ministry of Corporate Affairs (MCA) has the authority to notify accounting standards. Regulatory Authority: The Institute of Chartered Accountants of India (ICAI) is the regulatory body responsible for issuing accounting standards in India. It works closely with the MCA in formulating and updating these standards. Changes and Updates: Accounting standards are periodically reviewed and updated to ensure they remain relevant and in line with global best practices. Stakeholder feedback, developments in international standards, and changes in the business environment are considered in these updates. Challenges: The adoption of Ind AS posed challenges for companies, including changes in accounting policies, systems, and processes. Training and education initiatives were undertaken to facilitate a smooth transition. Impact: The adoption of Ind AS has resulted in improved financial reporting quality, increased transparency, and enhanced comparability of financial statements. It has also facilitated better access to global capital markets for Indian companies. Overall, the adoption of Ind AS represents India's commitment to global financial reporting standards and its efforts to enhance the credibility and reliability of financial information.
Author: CA (Dr.) Alok K. Garg
Publisher: Bloomsbury Publishing
ISBN: 9354353347
Category : Business & Economics
Languages : en
Pages : 1200
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Book Description
About the Book “Treatise on Ind AS” provides a deep dive into Indian Accounting Standards (Ind AS). The book comes to the rescue of those looking for conceptual clarity, application guidance, practical reference to listed companies, comparison of new set of standards with old and global set of standards. It is a one stop shop for all Ind AS related guidance. Key Features - Comprehensive commentary on Ind AS with Conceptual Explanations, Case studies and Examples. - References to published disclosures of Listed Companies on major concepts of Ind AS. - More than 1,000 MCQs with detailed analysis covering all Ind AS. - FAQs on Overview and Applicability/ Roadmap for implementation of Ind AS . - Lucid commentary on complex topics such as Leases, Revenue, Financial Instruments, Business Combination, Consolidation, Share-Based Payment etc. with practical examples and case studies. - Practical issues on Ind AS including analysis of ITFG bulletins and Education Material. - Detailed comparison of Ind AS, Indian GAAP, IFRS and ICDS. - Updated with the Companies (Ind AS) Amendment Rules, 2021.
