What is Certificate Course on Ind AS?
What is Certificate Course on Ind AS?
The Certificate in Ind AS course is designed to cover Ind AS standards as notified by the Ministry of Corporate Affairs (MCA). The program shares perspective on various Ind-AS (Indian Accounting Standards) by EY and industry experts.
How can I study IND?
The most recommended one is Prepca test series. Even most established chartered accountants while providing consultancy or assurance services facing new clients with Ind AS applicability use the same method to quickly understand the scope of work.
What is IND as used for?
The IND AS are basically standards that have been harmonised with the IFRS to make reporting by Indian companies more globally accessible.
Is IND as compulsory?
: 1st April,2016 – Mandatory Basis 1. Companies listed/in process of listing on Stock Exchange in India or outside India having net worth greater than or equal to INR 5 Billion. 2. Unlisted companies having net worth greater than or equal to INR 5 Billion.
Which are accounting standards?
Accounting standards are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP). Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements.
How many standards are in IND?
Presently, the Institute of Chartered Accountants of India (ICAI) has issued 39 Indian Accounting Standards (Ind AS) which have been notified under the Companies (Indian Accounting Standards) Rules, 2015 (‘Ind AS Rules’), of the Companies Act, 2013.
What is the difference between Ind AS and AS?
IND AS 1 deals with presentation of financial statements. AS 1 deals with disclosure of accounting policies.
WHO issued Ind AS?
Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977.