Under Ind-AS is going more complex

Under Ind-AS is going to get more complex. Just like in the instant case of accounting for
staff loans, even though the effective impact on the bottom line over the years shall be the same under both Indian GAAP and Ind-AS, the presentation of the transaction differs in Ind-AS, since Ind-AS tend to portray the effective substance of a transaction. With a roadmap clearly visible for the implementation of Ind-AS in the country, the need of the hour is to understand the practical differences between the existing Indian GAAP and the converged Ind-AS and plan to implement it smoothly.


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