Accounting Standards in India

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Accounting Standards in India Accounting Standards in India Joseph Anbarasu

Transcript of Accounting Standards in India

Page 1: Accounting Standards in India

Accounting Standards in IndiaAccounting Standards in India

Joseph Anbarasu

Page 2: Accounting Standards in India

Business Organizations and Accounting d dStandards

Page 3: Accounting Standards in India

Business Organizations and Accounting d dStandards

Page 4: Accounting Standards in India

Business Organizations and Accounting d dStandards

Page 5: Accounting Standards in India

Business Organizations and Accounting d dStandards

Page 6: Accounting Standards in India

Business Organizations and Accounting d dStandards

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Government Organizations and d dAccounting Standards

Page 8: Accounting Standards in India

Government Organizations and d dAccounting Standards

Page 9: Accounting Standards in India

Government Organizations and d dAccounting Standards

Page 10: Accounting Standards in India

Government Organizations and d dAccounting Standards

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Government Organizations and d dAccounting Standards

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WHY HARMONIZATION?WHY HARMONIZATION?WHY HARMONIZATION?WHY HARMONIZATION?

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Only one wayOnly one wayOnly one wayOnly one way

• Till now, the Institute of h d fChartered Accountants of 

India (ICAI) has taken a position towards International FinancialInternational Financial Reporting Standards (IFRS) and not GAAP. 

• Different and Contradictory• Different and Contradictory Practices

• Rule based Accounting Standard vs Principle BasedStandard vs. Principle Based Standards

• Auditor’s Dilemma in judging a transactionjudging a transaction

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Some Useful LinksSome Useful Links

• SAI India: www cag gov inSAI, India: www.cag.gov.in

• Institute of Chartered Accountants of India: www icai orgwww.icai.org

• GASAB, India: www.gasab.gov.in

• International Federation of Accountants: www.ifac.org

• International Accounting Standards Board: www.iasb.orgg


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INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS … · 30.01.2004  · 4 Government Accounting Standards Advisory Board India 23 9 – 16 5 Japanese Institute of Certified Public

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Cost Accounting Standards Issued by Cost Accounting Standards …icmai.in/upload/Students/CAS-1-24-CASB.pdf · 2017-01-24 · Cost Accounting Standards Issued by Cost Accounting Standards

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Financial Accounting and Accounting Standards

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Indian Accounting Standards (IFRS converged): …kb.icai.org/pdfs/PDFFile5b43031c7de374.41606765.pdfThis accounting reforms initiative of ICAI was endorsed by the Government of India

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International Accounting Standards and Accounting Qualitypublic.kenan-flagler.unc.edu/faculty/langm/Working_Papers/... · International Accounting Standards and Accounting Quality

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Chapter 1-1 Financial Accounting and Accounting Standards Financial Accounting and Accounting Standards Chapter 1 Intermediate Accounting, 12 th Edition.

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ACCOUNTING STANDARDS BOARD …. GRAP/01...Issued by the Accounting Standards Board March 2012 ACCOUNTING STANDARDS BOARD STANDARDS OF GENERALLY RECOGNISED ACCOUNTING PRACTICE INTANGIBLE

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Ind-AS Implementation Issues Himanshu Kishnadwala2 Accounting Standards in India Till 2006, Standards issued by ASB of ICAI were to be followed Companies (Accounting Standards) Rules,

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C o m p e n d Compendium of i u m Accounting Standards for … of ASLBs.pdf · The ICAI, being the premier Accounting Standard setting body in India, has been issuing Accounting Standards

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Accounting Standards for CBSE scools in India

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CHANGING WITH INDIA. FOR INDIA. · 2020. 7. 12. · accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read

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