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IFRS

Latest Articles


The ESG-IFRS Nexus: Redefining Financial Accountability

CA, CS, CMA : Explore how ESG integration into IFRS standards redefines corporate accountability, focusing on sustainability disclosures, global...

January 23, 2025 609 Views 0 comment Print

Understanding OCI under IND AS/IFRS: Items and Recycling Logic

CA, CS, CMA : Learn about OCI under IND AS/IFRS, its components, classifications, and the logic behind recycling. Understand its impact on finan...

December 26, 2024 1524 Views 0 comment Print

Proposed Amendments to IFRS 9 & 7 for Renewable Electricity Contracts by IASB

CA, CS, CMA : IASB proposes amendments to IFRS 9 and IFRS 7 for better accounting of renewable electricity contracts, addressing practical issue...

August 5, 2024 267 Views 0 comment Print

Detailed Analysis of Differences Between Ind AS and IFRS

CA, CS, CMA : Detailed Analysis of Differences Between Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFR...

June 24, 2024 9255 Views 1 comment Print

IND-AS 115, IFRS 15, ‘Revenue From Contracts With Customers’

CA, CS, CMA : Explore the intricacies of revenue recognition under Ind AS 115 and IFRS 15, Revenue from Contracts with Customers. Understand the...

June 12, 2023 28860 Views 0 comment Print


Latest News


IASB’s Exposure Draft: Amendments to Financial Instruments Standards

Corporate Law : Explore proposed amendments to IAS 32, IFRS 7, and IAS 1 in the Exposure Draft by IASB. Learn how the changes address challenges i...

December 12, 2023 429 Views 0 comment Print

Exposure Draft on Amendments to Classification & Measurement of Financial Instruments

CA, CS, CMA : Exposure Draft on Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFR...

May 11, 2023 690 Views 0 comment Print

Third edition of the IFRS for SMEs Accounting Standard

CA, CS, CMA : To contribute to standard setting at international level, Exposure Draft of third edition of IFRS for SMEs Accounting Standard is...

October 16, 2022 1203 Views 0 comment Print

Staff draft of the IFRS Sustainability Disclosure Taxonomy

CA, CS, CMA : Staff draft of IFRS Sustainability Disclosure Taxonomy is issued by the IFRS Foundation for the public views. This draft sets out ...

July 21, 2022 429 Views 0 comment Print

IFRS Foundation document issued for comments

CA, CS, CMA : IFRS Foundation document issued for comments: IFRS Taxonomy 2021-Proposed Update 3 Initial Application of IFRS 17 and IFRS 9-Compa...

December 23, 2021 453 Views 0 comment Print


Latest Notifications


Implementation of Ind AS in Insurance Sector deferred for 2 Years

Corporate Law : Implementation of Ind AS in the Insurance Sector in India has been deferred for a period of two years and the same shall now be im...

June 28, 2017 1002 Views 0 comment Print

MCA Press Release No. 3/2010 on Implementation of IFRS Dated 31st March, 2010

Company Law : In the meeting held on 29th March, 2010, the Core Group deliberated and approved the Roadmap recommended by Sub-Group I in respec...

March 31, 2010 1198 Views 0 comment Print

MCA Press Release No. 2/2010 on Implementation of IFRS dated 22.01.2010

Company Law : The Press Information Officer, Press Information Bureau, Ministry of Information and Broadcasting, with the request that the above...

January 22, 2010 754 Views 0 comment Print


Comprehensive Revision of Companies Act 1956

February 18, 2011 1135 Views 0 comment Print

Keeping in view the developments taking place nationally as well as internationally and with a view to modernize the structure for corporate regulation in India and represent a major reform statement by the Government to promote the development of th

Convergence of Indian Accounting Standards with International Financial Reporting Standards

February 18, 2011 1067 Views 0 comment Print

Availability of essential financial information about a company to its shareholders and other stakeholders in accordance with internationally accepted financial norms is considered as an integral and important part of good corporate governance. To en

IFRS norms format for companies to be notified soon

February 18, 2011 207 Views 0 comment Print

The government on Thursday said it will soon notify the format that companies will have to follow while preparing their account books as per the international accounting norm IFRS from next fiscal. In an official statement, the Corporate Affairs Mini

IFRS – Euphoria over certain doom

February 4, 2011 757 Views 0 comment Print

Many people have articulated about the possible ill-effects of the proposed introduction of IFRS in India but such dissenting voices are muffled in the said euphoric din by those who neither understand nor bother to understand the implications. IFRS

ICAI inks MoU to train accountants in UAE

January 29, 2011 909 Views 0 comment Print

DUBAI: Institute of Chartered Accountants of India (ICAI) has signed an MoU with an Abu Dhabi-based research institute to train mid-rank accountants in the UAE . ICAI and Centre of Excellence , Research and Training (CERT), the commercial arm of the

Women power comes to the fore – ICAI

January 28, 2011 336 Views 0 comment Print

Institute of Chartered Accountants of India president Amarjit Chopra today said women taking up accounting profession have increased recently. Addressing the members of the local chapter Chopra said nearly 40 per cent of the 6 lakh students currently

Assocham calls for gradual transition to avoid hiccups'

January 27, 2011 307 Views 0 comment Print

Amid confusion surrounding the progressive implementation of International Financial Reporting Standards from April, 2011, industry body Assocham has suggested that companies should initially be asked to only prepare their consolidated accounts as pe

IFRS likely to be promulgated by early next month

January 18, 2011 231 Views 0 comment Print

An ordinance to notify IFRS is likely to be promulgated by early next month. Sources tell us that IFRS convergence standards, what will now be called IndAS have been vetted by the ministry of law. Infact the changes which need to be made to the compa

Corporate Affairs Minister unveils sweeping plans to meet IFRS deadline

January 15, 2011 337 Views 0 comment Print

Last year, the Prime Minister’s Office had asked the Ministry of Corporate Affairs for further consultations. “PMO had desired that we do further consultations (with the industry). The additional consultations which we were called for are over and we

ICAI, AIA of UK sign joint declaration to benefit CAs and students

January 12, 2011 913 Views 0 comment Print

THE ICAI and the Association of International Accountants, UK have signed Joint Declaration to benefit both, the Chartered Accountants and the students who pursue CA course. An Honorary membership of the AIA was also conferred upon the President of t

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