iGAAP Financial Reporting Standards in India Including a comparison with IFRS (Volume - 1) 4th Edition  (English, Hardcover, Deloitte)

iGAAP Financial Reporting Standards in India. Including a Comparison with IFRS is a practical and comprehensive accounting guide for companies that are based in India. It includes a standard-by-standard and section-by-section comparison with the provisions of the IFRSs.

For Indian companies having overseas subsidiaries, many of whom prepare IFRS financial statements, this book is the ideal one-stop reference guide to help prepare Group financial statements using uniform accounting policies by highlighting the differences between Indian GAAP and IFRS. With clear and detailed explanations and examples of Indian GAAP and IFRS, this book will also help meet the challenge of converging Indian GAAP with IFRS.

Salient Features

• A standard-by-standard and section-by-section comparison with the provisions of the relevant IFRSs
• In-depth explanations on AS 30, 31 and 32 with exhaustive examples to elucidate the otherwise complex theory
• Added interpretation, observations and examples where Indian GAAP or IFRSs seem silent, ambiguous or unclear
• Requirements of revised Schedule VI in each chapter
• Many illustrative examples which clearly clarify the underlying principles
• Recent developments under IFRS and Indian GAAP included enabling readers to assess the expected changes and how they might impact their financial statements