India Expected to Defer Adoption of Ind AS 115
Today, we continue in our series on adoption of the new revenue recognition standard in India. The country is likely to defer adoption of this new accounting standard (known as Ind AS 115) as more consultation is necessary to help clarify the requirements and to provide examples in order to assist with implementation. At the National […]
Ind AS 115: Delay of India’s New Revenue Standard Considered This Week
Our latest in a series of updates on the new revenue standard in India. As a quick primer: Earlier this year, the country’s Ministry of Corporate Affairs (MCA) put a roadmap in place for adoption of the Indian Accounting Standards (Ind AS) – India’s accounting standards converged with the International Financial Reporting Standards (IFRS). On February […]
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 […]
IFRS Convergence Roadmap for Indian Companies
By Saloni Madhok, Marketing Manager at Zuora We delve into the newly converged revenue recognition guidelines as it relates to the country of India. Following today’s introduction, we will feature upcoming items on the impact to the country’s automobile industry and the dilemma of timing. The country’s Ministry of Corporate Affairs (MCA) along with other government […]