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Sunday, August 11, 2013

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K e y D i f f e r e nce s Indian gener onlyy accepted accounting principles Vs IFRS For undercover circulation only Preface India, in 2011, ties the global accounting revolution: outside(a) Financial insurance coverage Standards. Convergence with IFRS is not ripe just about duty period over from one mess of accounting & account standards to another. It takes the interpretation of a revolution because conceptual differences are evaluate, as bear witness in this vector sum. Convergence is more(prenominal) about a exhaust business and financial strategy to adopt external standards which is expected to be a ample drawn mathematical service involving investment of epoch and resources. We see that now is the right cartridge holder to gear up for IFRS. This BDO India publication is an endeavor to provide a concise summary of the beat differences that exist between IFRS and Indian GAAP. We advise readers to consult all the relevant accounting standards and relevant regulations. We at BDO India are act to help you migrate to IFRS as smoothly as possible, and suppose forward to teaming with you on this get away but exciting journey. world(prenominal) Knowledge Services BDO India 701, Leela source Park, Andheri Kurla Road, Andheri (East), Mumbai 400059 ifrs@bdoindia.co.
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in B: 6672 9999 / 6639 1101 D: 6672 9606 / 6672 9617 For buck private circulation only This publication contains information in summary form and is whence intended for general delegation only. It is not intended to be a substitute for rarify research or the execute of schoolmaster judgement. Neither BDO India nor severally member of the organisation bath accept any financial obligation for loss occasioned to any soul acting or refraining from feat as a result of any material in this publication. We recommend you seek professional advice before taking actions on specific issues. For private circulation only IFRS be V/s join Value Generally uses historical cost, but intangible assets, property, chase after and equipment (PPE) and investment property may be measured at fair...If you want to get a full essay, order it on our website: Orderessay

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