CONVERGENCE TO INTERNATIONAL
FINANCIAL REPORTING STANDARDS
,ACCOUNTING STANDARDs
Meaning
Accounting standards are written policy documents issued by
government with the support of other regulatory bodies such as
institute of chartered accountants,certified public accountants e
The institute of chartered accountants of India (ICAI) issues
accounting standards in india.
“A mode of conduct imposed on accountants by law custom,or
professional body” KOHLER
,Objectives
1.To provide information
2.To harmonize different accounting processes
3.To enhance the content
4.To facilitate comparision—inter firm comparison and
intrafirm comparision
5.To improve the quality of financial statement
,
FINANCIAL REPORTING STANDARDS
,ACCOUNTING STANDARDs
Meaning
Accounting standards are written policy documents issued by
government with the support of other regulatory bodies such as
institute of chartered accountants,certified public accountants e
The institute of chartered accountants of India (ICAI) issues
accounting standards in india.
“A mode of conduct imposed on accountants by law custom,or
professional body” KOHLER
,Objectives
1.To provide information
2.To harmonize different accounting processes
3.To enhance the content
4.To facilitate comparision—inter firm comparison and
intrafirm comparision
5.To improve the quality of financial statement
,
