lmplications of CDVID 19 on Ind AS campliant Carporate Financial Reporting in India
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Type
Book Chapter
Date
2021-12
Journal Title
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Publisher
Rohini Nandan
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Basu, CA. A., & Mitra, D. (2021). lmplications of CDVID 19 on Ind AS campliant Carporate Financial Reporting in India. In S. K. Gandhi, A. M. Pal, S. Dhar, A. Bhunia, & A. K. Sana (Eds.), Issues In Accounting & Finance In The Post-Covid Scenario (pp. 54–62). Rohini Nandan. https://ir.nbu.ac.in/handle/123456789/4978
Authors
Basu, CA. Agnishwar
Mitra, Debabrata
Advisor
Editor
Gandhi, Sunil Kumar
Pal, Ananda Mohan
Dhar, Satyajit
Bhunia, Amalendu
Sana, Ashish Kumar
Abstract
For last several years, India is under a phase-wise
implementation of the IFRS converged Financial Reporting
Framework 'Ind AS'. The transition to Ind AS was never
easy, requiring sound understanding of the fair-value
approach. The COVID 19 pandemic has hit the entire world
and India was no exception. A complete lockdown was
announced just before the end of the financial year 2019-20,
making it exceptionally challenging for the corporates to
prepare proper financial statements. Though the financial
statements are yet to be published, this paper discusses
some of the major considerations for the corporates under
the Ind AS framework, arising because of the COVID 19
pandemic.
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Accession No
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Book Title
Issues In Accounting & Finance In The Post-Covid Scenario
Edition
Volume
ISBN No
978-93-91572-41-9
Volume Number
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ISSN No
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Pages
pp. 54-62