IFRS – US GAAP and Indian GAAP – A comparative study

As the name suggests US – GAAP is the accounting standard used by the US registered companies in Security Exchange Commission (SEC) and Indian GAAP is for Indian companies in India. IFRS (International Financial Reporting Standard) is the…

A Year after IFRS

IFRS or International Financial Reporting Standards has simplified the entire accounting process for companies across regions and countries. A look through at how it has affected the Indian accounting standards since its introduction in…

Why should you learn IFRS?

  To answer why IFRS or International Financial Reporting Standards, one must answer Why adopt an “International” accounting standard when we already have one. Here are a few important reasons:- -  Companies do not have to…

What is IFRS?

Financial statements / reports form the backbone of Financial Analysis. Imagine a world where every firm had a different reporting format. It would be a nightmare to compare, reconcile and analyze companies, even in the same sector. This…

Why should one do a DipIFR?

International Financial Reporting Standards (IFRS) was introduced with the increasing need to have bring uniformity in the accounting standards while preparing the financial statements on a global level. Moreover, many countries including…

Skills required For IFRS

The world has been shrinking to one place, thanks to globalization. Thanks to technology, communication of messages has become much easier. With these, even the corporate world was no exception, and globalization witnessed a rising number…

Details of the IFRS Program

To bring the accounting standards of all the countries on a global level under a standardized purview IFRS (International Financial Reporting Standards) was introduced. Since, many countries are converging their accounting standards, there…