India is set to adopt a new accounting standard, IndAS 118, aligning with global IFRS 18 norms, to improve transparency and clarity in financial statements.
It will require companies to classify income and expenses into operating, investing, and financing categories, and include key performance metrics within audited statements.
Applicable from April 2027, this change targets listed and large unlisted firms to aid better investor decision-making.
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Dr. Uday J. Lakhani
India is set to adopt a new accounting standard, IndAS 118, aligning with global IFRS 18 norms, to improve transparency and clarity in financial statements.
It will require companies to classify income and expenses into operating, investing, and financing categories, and include key performance metrics within audited statements.
Applicable from April 2027, this change targets listed and large unlisted firms to aid better investor decision-making.
1 year ago | [YT] | 0
View 0 replies