International Financial Reporting Standards, usually called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB) to provide a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly … Read more
Accounting Standard for Local Bodies (ASLB) 20, ‘Related Party Disclosures’ Accounting Standard for Local Bodies (ASLB) 2, ‘Cash Flow Statements’ Preface to the Accounting standard for Local Bodies Accounting Standard for Local Bodies (ASLB) 1, ‘Presentation of Financial Statements’ Accounting Standards for Local Bodies (ASLB) 3, ‘Accounting Policies, changes in Accounting Estimates and Errors” Accounting Standard for Local … Read more
Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977. which is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academicians, … Read more