Difference between Indian Accounting Standards and IFRS

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International Accounting Standards Knowledge Center

Get access now to all 12manage knowledge centers and discussion forums, including International Accounting Standards. Completely free.     Log in International Accounting Standards > Forum New Topic nishit Student (MBA), India What are the main differences between Indian accounting standards and IFRS? Thank you.. (...) Read more? Sign up for free X All about International Accounting Standards and business administration. Completely free. Log in   Iman ghafri (mrs.) Project Manager   Difference Between Indian Accounting Standards versus IFRS Basic difference is taxation treatments and accruals of various payments and receipts.   Teresa C. Arcayera Accountant, Philippines   Difference Between Indian and IFRS Accounting Standards The difference between Indian accounting standards and IFRS, maybe, is the location of implementation. Indian accounting standards are implemented or true to India only, while International Financial Reporting Standards are implemented in other countries.   Cebile Sifundza Student (Other), Swaziland   Difference Between Indian Accounting Standards versus IFRS IFRS are basically used as a basis for developing national accounting standards to suit that particular country. Normally they are adopted as they are and only those IFRS which are not relevant to that particular country are revised to be in line with national policies/law. For example IFRS 12 on income taxes is revised by most countries to be in line with their national laws.

More on International Accounting Standards Summary Forum Interpretation of IAS Standards Difference between Indian Accounting Standards and IFRS 🔥 How People see the Accounting Job Best Practices Benefits of International Accounting Standards (IAS) Consequences of Violation of IAS? Types of Auditing Standards Influence IAS on IT Systems Usage of International Accounting Standards (IAS) How Many Accounting Standards Role of International Accounting Standards Committee IAS and 'Fair' Financial Statements International Acconnting Standards for a Public Limited Company Total Number of IAS Standards? Special Interest Group Are you interested in International Accounting Standards? Sign up for free Notify your students Copy this into your study materials: Interesting discussion: Difference between Indian Accounting Standards and IFRS and add a hyperlink to: https://www.12manage.com/forum.asp?TB=ias&S=136 Link to this discussion Copy this HTML code to your web site: Interesting discussion: <a href="https://www.12manage.com/forum.asp?TB=ias&S=136">Difference between Indian Accounting Standards and IFRS</a>

International Accounting Standards Knowledge Center

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