India Inc is gearing up for transition towards a new set of accounting standards (Ind-AS) for preparing financial statements even though it awaits clarity on some aspects of the new rules. It is still unclear whether Ind-AS will have to be adopted by a company for both its standalone financials (accounts of a company alone) and its consolidated financials (which would include accounts of its subsidiaries); or only for consolidated accounts. It is learnt that the ministry of corporate Af .. Read more at:
Posted on: Wed, 15 Oct 2014 07:11:33 +0000
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