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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 1506 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 9231 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 28848 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


ICAI sets Eyes on Global Standards

December 1, 2008 331 Views 0 comment Print

The recent planning and initiative of the Institute of Chartered Accountants of India (ICAI) are now directed to make India as a destination for accounting as well as auditing services. Apart from converging with the international financial reporting standards (IFRS) by April 1, 2011, it is now planning to convergence with the international auditing standards.

Certificate Course On International Financial Reporting Standards – ICAI

October 23, 2008 1663 Views 0 comment Print

The International Financial Reporting Standards (IFRS) issued by International Accounting Standards Board (IASB) are gaining recognition as Global Reporting Standards. The Council of the Institute of Chartered Accountants of India, while appreciating the emerging diversities and complexities in the world of accounting and the need for knowledge of IFRS in relation to the convergence of the Indian accounting Standards with IFRS, has decided to launch a Certificate Course on International Financial Reporting Standards for its members. The objective of this Course is to enhance the knowledge as well as to provide benefit to the members in the global service market.

ICAI has decided that Indian Accounting Standards will converge with IFRS by April 2011

August 26, 2008 3107 Views 0 comment Print

India’s apex accounting standards body is convinced that 80 hours is all it will take for the country’s accountants to learn the nuances of an international standard that could soon become the way the world writes its books.

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