What are the differences between Indian accounting standards and U.S. accounting standards?
Here is a link to a great paper by from the SEC , outlining the major differences in International Accounting Standards.
What are the differences between Indian Accounting Standards and International Accounting Standards?
What is the difference between international accounting standard's and Indian accounting standard's?
Explain briefly about the Difference between Indian accounting standards and international accounting standards?
GAAP Stands for Generally Accepted Accounting Principles. Accounting Standardards are issued by the Institute of Chartered Accountants of India (ICAI). This is the largest accounting body in the country. Now the Accounting Standards are 29.Accounting Standards are prepared by expert persons.Generally Accepted Accounting Principles means just like Accounting Concept which means every person can accept this principles.
PROCEDURE FOR ISSUING AN ACCOUNTING STANDARD FOR LOCAL BODIES (ASLB) Broadly, the following procedure is adopted for formulating Accounting Standards for Local Bodies: 1. Determine the broad areas in which Accounting Standards need to be formulated and the priority in regard to the selection thereof. 2. For the preparation of the Accounting Standards, the CASLB will be assisted by Study Groups constituted to consider specific subjects. In the formation of Study Groups, provision will be…
If your bachelor's degree is from a foreign country, you would have to apply for some kind of reciprocity, which may involve taking a state test to ensure that your education meets United States standards. Also, the CPA Exam is based on U.S. GAAP(Generally Accepted Accounting Principles). Indian accounting principles are probably different. Business law and tax code would be different of course too.
As per the IASs/IFRSs, so far 30 Indian Accounting Standards have been issued: AS1 - Disclosure of Accounting Policies AS2 - Valuation of Inventories AS3 - Cash Flow Statements AS4 - Contingencies and Events Occuring after the Balance Sheet Date AS5 - Net Profit or Loss for the period, Prior Period Items and Changes in Accounting Policies AS6 - Depreciation Accounting AS7 - Construction Contracts AS8 - Accounting for Research and Development ( Wirhdrawn pursuant…
When the Indian subcontinent became independent of Great Britain the subcontinent was partitioned because of?
what is the difference between Indian and Japanese population cnsus what is the difference between the development of the constitution of India and japan? what is the difference between the development of the constitution of India and japan? what is the difference between the development of the constitution of India and japan?
Whereas Jinnah under Indian muslim league was in favour of a seperate state for muslims, Mahatma Gandhi under Indian Congress advocated for a Secular India. This sowed the seed for breach of trust and created suspicision between the two communities. Though the goals were cherished with creation of Pakistan and a Secular Indian democratic republic, now the minorities are treated as tools for winning elections by all the political parties in India.