IFRS Convergence in India: Big Changes for Real Estate Sector

Today, we continue our review of the newly converged revenue recognition guidelines as it relates to India. In 2015, the country’s Ministry of Corporate Affairs (MCA), along with other government departments, issued a road map for implementation of Indian Accounting Standards (IndAS) converged with International Financial Reporting Standards (IFRS).Upon its release, the new guidance spotlighted […]