THE Ministry of Corporate Affairs (MCA) vide press release dated 2 January 2015, issued the revised roadmap for implementation of IND -AS in India for companies other than banking companies, insurance companies and non- banking, insurance companies and non-banking, insurance and non-banking finace companies have also been announced by MCA.
Institute of Chartered Accountants of India (ICAI) devoloped the IFRS converged Indian Accounting Standards (referred as 'Ind AS') and these Standards have been approved by National Advisory Committee on Acounting Standards (NACAS) working under Ministry of Corporate Affairs (MCA). These Standards have been notified under section 133 of the Companies Act, 2013 by the Ministry of Corporate Affairs.
The literature of Ind AS notified standards in voluminious. The Ind AS Quick Reference aims at serving as a quick reference of Ind AS. It contains a brief summary of the applicability, recognition, measurment, presentation, major disclosure and key focus areas for each of the Ind AS.
|Edition||1st January, 2017|