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Moving toward a sustainable IND AS reporting regime

Starting 1 April 2016, more than 1,000 companies will report under the new International Financial Reporting Standards (IFRS) converged accounting standards: Indian Accounting Standards (IND AS).

'Ind AS requires 3,000 disclosures for fair picture of cos'

To provide a "fair picture" of a company's financial position, more than 3,000 disclosures will be required under the Indian Accounting Standards, according to chartered accountants' apex body ICAI

Results for the Quarter and Year Ended March 31, 2016 Under IFRS

IT Services Revenue grew 7.6% in the year on constant ...

Results for the Quarter and Year Ended March 31, 2016 Under IFRS

IT Services Revenue grew 7.6% in the year on constant ...

IFRS will fundamentally change provisioning method: SS Mundra

Deputy Governor Mundra tells CNBC-TV18's Ritu Singh that a shift from an incurred loss to an expected loss means that provisioning will have to rise.

Sify Reports Revenues of INR 3715 Million for Second Quarter of FY 2015-16

Sify Technologies Limited (NASDAQ: SIFY), a leader in Managed Enterprise, Network, IT and Applications services in India with global delivery ...

Govt gears up to notify amended Indian Accounting Standards

Starting April 2016, listed companies with a net worth of more than Rs 500 crore will have to prepare two sets of accounts. One will be for the purposes of accounting and the other will be for the purposes of tax computation.

Shipping biz to revive in FY13; No plans to diversify: SCI

SCI chairman-and-managing director S Hajara explains to CNBC-TV18 various facets of PSU‘s performance including the increase in the net loss to Rs 54.8 crore from Rs 5.9 crore.

IFRS: April Fools Day Joke?

It's April Fools Day and today we are going to discuss the biggest joke that government has played on India Inc, except this one is not funny at all. We are talking about International Financial Reporting Standards (IFRS). Is it on or is it off?

IFRS implementation date to be fixed after tax clarity

International Financial Reporting Standards or IFRS converged accounting standards have been notified by the Ministry Of Corporate Affairs. However, the date of IFRS implementation is to be fixed after tax issues are resolved.

IFRS norms format for cos to be notified soon

The government 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.

Realty cos may not switch to IFRS project completion method

Real Estate Companies may not be required to switch their accounting practice to International Financial Reporting Standards (IFRS) recommended, project completion method effective from April 1.

IFRS ordinance may be issued early next month: Govt Sources

An ordinance to formalise International Financial Reporting Standards (IFRS) converged standards or what will now be called IndAS is expected by early next month, reports CNBC-TV18’s Malvika Jain.