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    AS-1 Disclosure Of Accounting Policies aims to Provide reliable and Financial information to investors globally. Insurance companies Banking sector Scheduled commercial banks and urban cooperative banks (worth above 300 crores) urban cooperative banks(worth below 200 crores) and regional rural cooperative banks.

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    AS-1 Disclosure Of Accounting Policies aims to Provide reliable and Financial information to investors globally. Insurance companies Banking sector Scheduled commercial banks and urban cooperative banks (worth above 300 crores) urban cooperative banks(worth below 200 crores) and regional rural cooperative banks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views5 pages

    Accounting Standards Presentation

    Uploaded by

    sumitoforu
    AS-1 Disclosure Of Accounting Policies aims to Provide reliable and Financial information to investors globally. Insurance companies Banking sector Scheduled commercial banks and urban cooperative banks (worth above 300 crores) urban cooperative banks(worth below 200 crores) and regional rural cooperative banks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    AS-1 Disclosure Of Accounting Policies

    Objectives Fundamental Accounting Assumptions Going Concern Consistency Accrual Major considerations Prudence Substance Over Form Materiality Examples

    1. 2. 3.

    1. 2. 3.

    Convergence Of Indian GAAP and IFRS

    Safeguarding interest of Indian companies Provide reliable and Financial information to investors globally Improve standard of governance of corporates Enhance global competitiveness of Indian industry

    1.

    2. 3.

    Insurance companies Banking sector Scheduled commercial banks and urban cooperative banks(worth above 300 crores) Urban cooperative banks(worth b/w 200 crores and 300 crores) Urban cooperative banks(worth below 200 crores) and regional rural banks

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