A Laptop with screen "Generally Accepted Accounting Principles"

Generally Accepted Accounting Principles

Generally accepted accounting principles (GAAP) are defined as the rules of action or conduct which are derived from experience and practice; which when prove useful become accepted as principles of […]

List of International Financial Reporting Standards

1) IFRS 1-¬†First-time Adoption of International Financial Reporting Standards It sets out the procedures that an entity must follow when it adopts IFRSs for the first time as the basis […]

A Group of Professionals Discussing | Indian Accounting Standards

Indian Accounting Standards

Indian Accounting Standards (Ind AS) are issued by the Accounting Standard Board to converge Indian GAAP with International Financial Accounting Standards (IFRS). Their objective is to remove variations in the […]

Applicability of IFRS in India

Applicability of IFRS in India

India, one of the fastest growing global economies is on the verge of converging with International Financial Reporting Standards (IFRS). As on date 123 countries across the globe have converged […]

Difference between IFRS and GAAP


US GAAP are the generally accepted accounting principles used in the United States while IFRS are the international financial reporting standards used around the world.There are some major differences between […]

Students studying | EY Training Programs

Ey Training Programs

Ernst and Young (EY) is one of the global leaders in Tax, Assurance, Advisory and Transaction Services. It plays a critical role in building a better world for their clients, communities […]

Advantages of IFRS

Advantages you will see of IFRS

IFRS or International Financial Reporting Standards as would be the associated expansion of this acronym is a globally accepted accounting standard. It is a precise set of preparing reports and financial statements that […]