Saturday, November 3, 2012

Ind AS VS IFRS

Comparison of IFRS as applicable on 1st 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


No comments:

Post a Comment

Post a Comment