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متابعة

Did the rule of Accounting principles change country to country?

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تم إضافة السؤال من قبل Naveen Kumar Sekar , Tandem Accounting Services., Chennai as an Accounts Executive , M/s. Jumbo Bag Ltd
تاريخ النشر: 2014/10/16
Joyal Mathews
من قبل Joyal Mathews , Senior Accountant , Nasco Trading LLC

Basic Principles there wont be any change  but for example a company In USA following US GAAP and an Indian company following Indian GAAP will be accounting the same transaction in two different ways( These are exemptions)

 

For Example a company will be accounting a policy change in USA as :The comparatives are restated and the effect of periods not presented is adjusted against opening retained earnings where as in Indian AS the entire effect is accounted in the current year and it is disclosed .

 

 

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