WHAT IS IFRS? IS there any corelation between AS 30 and
IFRS?
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IFRS is international financial reporting system, it is a
GAAP and would be followed by whole world to present thier
finacial statement more fair. India have a plan to adopt
this system by 2011
IAS 39 same as AS 30
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Answer / hemanshu
International Finalcial Reporting System. the standard
report for starndard firm. Indian banking organinsation is
adopting very soon. Devloped country is used this IRFS. it
s micro analsys of data.
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