The Institute of Chartered Accountants of India
Indian Accounting Standards (Ind AS): An Overview (Revised 2016) – (26-09-2016)
This publication contains an overview of various aspects related to IFRS-converged Indian Accounting Standards (Ind AS) such as Roadmap for the applicability of Ind AS, carve-outs from IFRS/IAS, Changes in financial reporting under Ind AS compared to financial reporting under existing Accounting Standards, Summary of all the Ind AS etc. It also captures all the recent amendments to Ind AS notified by the MCA in March 2016.
Contents
Approach to IFRS-converged Indian Accounting Standards (Ind AS)
Roadmap for implementation of Indian Accounting Standards (Ind AS) for Corporates: A Snapshot
Roadmap for implementation of Indian Accounting Standards (Ind AS) for Scheduled Commercial banks, Insurance Companies and NBFCs: A Snapshot
Summary of Ind AS 6 Major Differences between Ind AS and IFRS and reasons for the differences
Carve-outs removed from Indian Accounting Standards (Ind AS) finalised in 2011
Major Differences between Ind AS and Existing notified AS
Ind AS Implementation Initiatives