kruthika
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Hi May I know, Key Difference between Indian accounting standards and international accounting standards is?
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acharya
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Hi,
International Accounting Standards - These are accounting standard sissued by the International Accounting Standards Board (IASB) and its predecessor
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veeru
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--Accounting Standards - These are the Authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP). Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements.
CA Sandeep Bohra
answered
> Key Difference between Indian accounting standards and international
> accounting standards
--**Accounting Standards -** These are the Authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP). Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements.
**International Accounting Standards** - These are accounting standard sissued by the International Accounting Standards Board (IASB) and its predecessor
