The Ministry of Corporate Affairs (MCA) stipulated that all companies will have to prepare their financial statements as per the Ind AS. However, all companies will not have to switch over from the erstwhile Accounting Standards (AS) to the Indian Accounting Standards (Ind AS) at the same time and o...
The economic history of India, which led to the change from the era of erstwhile Accounting Standards (AS) to the current Indian Accounting Standards (Ind AS) dates back to the late 1980s. Indian economy’s biggest highlight during the past three decades has been its ‘economic reforms’.After in...
