Introduction to Indian Accounting Standards

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..... nt countries, which requires inconsistent treatment and presentation of same underlying economic transactions, creates confusion for users of financial statements. Thus, the increasing complexities of business transactions and globalization of capital markets call for a single set of high quality accounting standards. India made a commitment towards the convergence of Indian Accounting Standard .....

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..... ing, Subsidiaries, Joint Ventures or Associates of these companies. Phase II From 1 st April 2017 onwards Listed entities in India or outside India of its securities (Equity + Debt) having net worth more than or equal to ₹250 crores. Unlisted entities having net worth of more than ₹250 crores. Holding, Subsidiaries, Joint Ventures or Associates of these companies. .....

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