Try & Buy

 

Benefits

Companies that want to fully comply with IFRS (either to meet current or future overseas reporting requirements) would therefore need to carefully manage their transition to Ind-AS and to make sensible choices on transition to Ind-AS to achieve the objective of full convergence with IFRS.

  1. Deviations that eliminate choices/accounting options provided under IFRS1. Deviations that eliminate choices/accounting options provided under IFRS
  2. Deviations to clarify interactions between accounting standards and regulation2. Deviations to clarify interactions between accounting standards and regulation
  3. Use of different terminology3. Use of different terminology
  4. Use of different transition provisions4. Use of different transition provisions