IFRS in India - jb nagar cpe study circle of wirc of icai

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IFRS in India – Its Status, Overview of Concepts and Impact in IndiaAnnexure 2: Common adjustments from Indian GAAP to IFRSConsolidated Financial Statementb. Functional CurrencyQ The amount are recorded In Indian Rupees. Exchange loss alreadybooked on transaction from USD to INR is (say)10 USD. Had thetransactions been recorded in USD (being its functional currency) thegains on transaction would have been 15 USD.AnswerA Cr NI 25, Cr NW - 25Rakesh Agarwal Slide 60
IFRS in India – Its Status, Overview of Concepts and Impact in IndiaAnnexure 2: Common adjustments from Indian GAAP to IFRSConsolidated Financial Statementc. Deferred Tax on ConsolidationQ Company intends to realize the undistributed profits of the Joint venture byway of liquidation through cash dividends in foreseeable future. In previousyear company estimated a notional liability of 30 which increased to 35 atyear end.AnswerA Dr NW 35, Dr NI 5Rakesh Agarwal Slide 61
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The Preface and The FrameworkPrefac
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IFRS in India - Its Status, Overvie
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IFRS in India - jb nagar cpe study circle of wirc of icai

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