Ind AS VS IFRS

Comparison of IFRS as applicable on 1^st April 2011 with Ind AS placed at MCA’s website

S      IFRS /      Corresponding             Name

No.   IAS No.    Indian

Accounting

Standard

1.      IAS 1       Ind AS 1          Presentation of Financial Statements

2.      IAS 2       Ind AS 2          Inventories

3.      IAS 7       Ind AS 7          Statement of Cash Flows

4.      IAS 8       Ind AS 8          Accounting   Policies,   Changes   in

Accounting Estimates and Errors

5.      IAS 10     Ind AS 10        Events after the Reporting Period

6.      IAS 11     Ind AS 11        Construction Contracts

7.      IAS 12     Ind AS 12        Income Taxes

8.      IAS 16     Ind AS 16        Property, Plant and Equipment

9.      IAS 17     Ind AS 17        Leases

10.    IAS 18     Ind AS 18        Revenue

11.    IAS 19     Ind AS 19        Employee Benefits

12.    IAS 20     Ind AS 20        Accounting for Government Grants and

Disclosure of Government Assistance

13.    IAS 21     Ind AS 21        The Effects of Changes in Foreign

Exchange Rates

14.    IAS 23     Ind AS 23        Borrowing Costs

15.    IAS 24     Ind AS 24        Related Party Disclosures

16.    IAS 26     *                     Accounting and Reporting by Retirement

Benefit Plans

17.    IAS 27     Ind AS 27        Consolidated and Separate Financial

Statements

18.    IAS 28     Ind AS 28        Investments in Associates

19.    IAS 29     Ind AS 29        Financial Reporting in Hyperinflationary

Economies

   20.    IAS 31     Ind AS 31        Interests in Joint Ventures

21.    IAS 32     Ind AS 32        Financial Instruments: Presentation

22.    IAS 33     Ind AS 33        Earnings per Share

23.    IAS 34     Ind AS 34        Interim Financial Reporting

24.    IAS 36     Ind AS 36        Impairment of Assets

25.    IAS 37     Ind AS 37        Provisions, Contingent Liabilities and

Contingent Assets

26.    IAS 38     Ind AS 38        Intangible Assets

27.    IAS 39     Ind AS 39        Financial Instruments: Recognition and

Measurement

28.    IAS 40     Ind AS 41        Investment Property

29.    IAS 41     **                    Agriculture

30.    IFRS 1     Ind AS 101      First-time Adoption of Indian Accounting

Standards

31.    IFRS 2     Ind AS 102      Share based Payment

32.    IFRS 3     Ind AS 103      Business Combinations

33.    IFRS 4     Ind AS 104      Insurance Contracts

34.    IFRS 5     Ind AS 105      Non-current Assets Held for Sale and

Discontinued Operations

35.    IFRS 6     Ind AS 106      Exploration  for  and  Evaluation  of

Mineral Resources

36.    IFRS 7     Ind AS 107      Financial Instruments: Disclosures

37.    IFRS 8     Ind AS 108      Operating Segments

38.    IFRS 9                            Financial Instruments