CAknowledge.com bell-icon
  • Home
  • Celebrity
  • Athletes
  • Business
  • Politicians
  • Articles
  • Stocks
  • News
CS
CMA
CA Final
IPCC
Income Tax
Sales Tax
CS Professional
CS Executive
CS Foundation
CMA Final
CMA Inter
CMA Foundation
CPT
Jobs
Tally
Stock market
Investment
Banking
SEBI
FRM
Accounting
Interview
GST
Insurance
EPF & UAN
Economy
Company Law
Judiciary
Indirect Tax
Money
Word Excel Formats
News
Finance
Training
NPO
Auto
HR Formats
Key Difference
Net Wealth
6hip
Featured
Taxation
Exam Form
CA Foundation
Audit
Question Papers
UGC NET
Syllabus
CBSE
Career
IAS Interview
Firms
CA Firms
CFA
Hindi
Central Government Scheme
Rajasthan Govt Scheme
Press Release
CS Firms
CMA Firms
Technology
FAQ
GST Registration
GST Rates
CGST
GST Return
GST Sections
Notifications
GST in Hindi
SGST
E-Way Bill
Goods and Service Tax
IGST
UTGST
Medical
CSEET
Result
Cryptocurrency
Health
Diabetes
  1. Home >
  2. Articles >
  3. CA Final
  4.   >
  5. Differences Between Ind As And Existing As

ind as vs as, Differences between Ind AS and existing AS

ind as vs as, Differences between Ind-AS and existing AS. This presentation takes one through the differences between Indian GAAP (old) vs IND AS.

Raju Choudhary

Last Updated : September 18, 2023

whatsapp-color google-news
ind as vs as,  Differences between Ind AS and existing AS
Content in this Article

ind as vs as, Differences between Ind-AS and existing AS. Find Differences between new standards (IndAS) & existing standards (AS). This presentation takes one through the differences between Indian GAAP (old) vs IND AS (based on IFRS). All major differences have been covered in this article.

In this article you can Quick difference between old AS and new Ind AS. In this article you can find difference between Ind-AS (Indian Accounting Standards as converged with IFRS) and Indian Accounting Standards. 

If you like this article then please like us on Facebook so that you can get our updates in future ……….and subscribe to our mailing list ” freely “

ind as vs as, Differences between Ind-AS and existing AS

Following table provide a quick glance on differences between new standards (Ind-AS) and existing standards (AS):

AreaInd-AS (Indian Accounting Standards as converged with IFRS)Indian Accounting Standards
SubstanceInd-AS are generally substance based. For example, consolidation is required under Ind-AS 110 if the holding company has control over its subsidiary and definition of control is substance based.Indian Accounting Standards (‘AS’) are generally rule based and are less flexible. For example as per AS 21, consolidation is required if a company holds more than 50% of the voting rights or control the board of directors
ApplicabilityInd-AS will be applicable in phases to mainly large companies (see table given above in this article)AS applicable to not only the companies, but to other entities as well. To the companies, notified standards under company rules are applicable and for other entities, AS published by ICAI are applicable
GuidanceInd-AS generally use the word –“shall” in its guidance, which makes it more strict.AS generally use the word “Should” which is more advisory in nature
New StandardsInd-AS provide guidance on various transactions like agriculture, business combinations etc.These guidances were not existing in AS.
InterpretationsInd-AS has incorporated various interpretations which are part of IFRS, thus making it comprehensiveVarious guidance notes and other publications are available along with AS in existing scenario
Conceptual DifferencesThere are specific guidances on various matters like depreciation or revenue recognitionAS contains subjectivity at quite a few places.

Recommended Articles

  • What is IASB, FASB, IFRS, Ind AS and US GAAP?
  • IFRS in India
  • IFRS An Overview
  • How accounting standards r formulated

Share with friends

Share on Facebook Twitter WhatsApp
Latest Articles

CA Final Result Nov 2023 (Expected Date) Pass Percentage Toppers

Nella Rose Net Worth 2023: Real Name Parents height and Age

Matthew Wolfenden Net Worth 2023: Wife Deaf Family & Height

Corey Perry Net Worth 2023: Salary Contract Wife and Age

Luis Severino Net Worth 2023: Contract Salary Injury & Wife

Curt Cignetti Net Worth 2023: Salary Contract Family and Age

Joni Ernst Net Worth 2023: News Husband Height & Committees

Sutton Stracke Net Worth 2023: Husband Age Kids & Salary

caknowledge.com
Follow us on
facebook twitter instagram linkedin
Have a query?
Support
Useful Links
SiteMap
Privacy Policy
About CAKnowledge
Contact Us
Advertise With Us
POST TYPES
Celebrity
Net Wealth
Hollywood
YouTuber
Singer
Actors
Bollywood
Directors
Journalist
Comedian
Authors
Celebrity Chefs
Models
Richest DJs
Rappers
Lawyers
Music Artist
Women
History
TV Personality
Sheikh
Actress
Athletes
Sports
Cricketer
Tennis Players
Hockey
Football Player
Olympians
Wrestlers
Baseball Players
Kabaddi
Race Car Drivers
Golfers
Badminton
Boxers
NBA Players
NFL Players
Racing Drivers
Business
Corporate
CEOs
Designers
Startup
Entreprenuer
Politicians
Congress
Presidents
BJP
Royals
Republicans
Democrats
Politics
Stocks
Companies
TV Personality
  • Tucker Carlson Net Worth
  • Emily Compagno Net Worth
  • Chuck Todd Net Worth
  • Kris Jenner Net Worth
  • Anderson Cooper Net Worth
Politician
  • Nancy Pelosi Net Worth
  • Hunter Biden Net Worth
  • Justin Trudeau Net Worth
  • AOC Net Worth
  • Joe Biden Net Worth
  • Ron DeSantis Net Worth
  • Zelensky Net Worth
  • Vladimir Putin Net Worth
  • Donald Trump Net Worth
  • Jen Psaki Net Worth
  • Kevin McCarthy Net Worth
  • Elizabeth Warren Net Worth
History
  • Hitler Net Worth
  • JFK Net Worth
  • Napoleon Net Worth
  • Pablo Escobar Net Worth
  • Genghis Khan Net Worth
  • Mansa Musa Net Worth
  • Rothschild Family Net Worth
  • Alexander the Great Net Worth
YouTuber
  • Blippi Net Worth
  • Jake Paul Net Worth
  • Logan Paul Net Worth
  • MrBeast Net Worth
  • PewDiePie Net Worth
  • Adin Ross Net Worth
  • KSI Net Worth
  • Kai Cenat Net Worth
Rappers
  • Jay-Z Net Worth
  • Sean Combs Net Worth
  • Dr. Dre Net Worth
  • Kanye West Net Worth
  • Eminem Net Worth
  • Drake Net Worth
  • Master P Net Worth
  • Ice Cube Net Worth
  • Snoop Dogg Net Worth
  • Nicki Minaj Net Worth
  • Travis Scott Net Worth
  • Cardi B Net Worth
  • 50 Cent Net Worth
Boxers
  • Floyd Mayweather Net Worth
  • Andrew Tate Net Worth
  • Bruce Lee Net Worth
  • Tristan Tate Net Worth
  • Mike Tyson Net Worth
  • George Foreman Net Worth
  • Tyson Fury Net Worth
  • Miesha Tate Net Worth
Actress
  • Kim Kardashian Net Worth
  • Amber Heard Net Worth
  • Jami Gertz Net Worth
  • Reese Witherspoon Net Worth
  • Jessica Alba Net Worth
  • Jennifer Aniston Net Worth
  • Scarlett Johansson Net Worth
  • Jennifer Lawrence Net Worth
  • Angelina Jolie Net Worth
Athletes
  • Cristiano Ronaldo Net Worth
  • LeBron James Net Worth
  • Lionel Messi Net Worth
  • Conor McGregor Net Worth
Singer
  • Rihanna Net Worth
  • Madonna Net Worth
  • Celine Dion Net Worth
  • Taylor Swift Net Worth
  • Beyonce Net Worth
  • Shakira Net Worth
  • Jennifer Lopez Net Worth
  • Justin Bieber Net Worth
  • R. Kelly Net Worth
Cricketer
  • Virat Kohli Net Worth
  • MS Dhoni Net Worth
  • Sachin Tendulkar Net Worth
Business Men
  • Elon Musk Net Worth
  • Gautam Adani Net Worth
  • Jeff Bezos Net Worth
  • Warren Buffett Net Worth
  • Mukesh Ambani Net Worth
  • Mark Zuckerberg Net Worth
  • Rob Walton Net Worth
  • Jack Ma Net Worth
Actor
  • The Rock Dwayne Johnson Net Worth
  • Jason Statham Net Worth
  • Tyler Perry Net Worth
  • Tom Cruise Net Worth
  • Eddie Murphy Net Worth
  • George Clooney Net Worth
  • Adam Sandler Net Worth
  • Brad Pitt Net Worth
  • Will Smith Net Worth
  • Vin Diesel Net Worth
  • Keanu Reeves Net Worth
  • Robert Downey Jr. Net Worth
  • Ryan Reynolds Net Worth
  • Leonardo DiCaprio Net Worth
  • Arnold Schwarzenegger Net Worth
families
  • Rothschild Family Net Worth
  • Walton family Net Worth
  • The Bush Family Net Worth
  • Rockefeller Net Worth
NBA Players
  • Michael Jordan Net Worth
  • LeBron James Net Worth
  • Kobe Bryant Net Worth
  • Magic Johnson Net Worth
  • Chris Paul Net Worth
  • Stephen Curry Net Worth
NFL Players
  • Fran Tarkenton Net Worth
  • Tom Brady Net Worth
  • Aaron Rodgers Net Worth
  • Jim Brown Net Worth

© 2023 Caknowledge.com • ❤️ From Your Heart

The materials and information provided on this website are for reference purposes only.