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	<title>Feeleminds.com Blog &#187; IFRS</title>
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		<title>Realty cos not ready for IFRS switch</title>
		<link>http://www.feeleminds.com/blog/ifrs/realty-cos-not-ready-for-ifrs-switch/</link>
		<comments>http://www.feeleminds.com/blog/ifrs/realty-cos-not-ready-for-ifrs-switch/#comments</comments>
		<pubDate>Fri, 16 Apr 2010 05:24:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=734</guid>
		<description><![CDATA[Some of India’s large real estate firms are seeking exemption from adopting the proposed International Financial Reporting Standards (IFRS) from the next fiscal year. All real estate companies that form part of the NSE’s Nifty-50 or BSE’s Sensex-30, will have to report financial returns according to the stringent revenue recognition norms laid down by the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>India Inc won&#8217;t find norms cumbersome</title>
		<link>http://www.feeleminds.com/blog/chartered-accountancy/india-inc-wont-find-norms-cumbersome/</link>
		<comments>http://www.feeleminds.com/blog/chartered-accountancy/india-inc-wont-find-norms-cumbersome/#comments</comments>
		<pubDate>Wed, 07 Apr 2010 05:55:37 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Chartered Accountancy]]></category>
		<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=714</guid>
		<description><![CDATA[The Institute of Chartered Accountants of India (ICAI) is finalising accounting standards in convergence with International Financial Reporting Standards (IFRS), and they are expected to be ready by June this year. Taxation issues are being addressed and amendments to various legislation are also being carried out.
The expectation is that companies required to follow the IFRSconverged [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Banks, NBFCs buy time to switch over to global a/c norms</title>
		<link>http://www.feeleminds.com/blog/ministry-of-corporate-affairs/banks-nbfcs-buy-time-to-switch-over-to-global-ac-norms/</link>
		<comments>http://www.feeleminds.com/blog/ministry-of-corporate-affairs/banks-nbfcs-buy-time-to-switch-over-to-global-ac-norms/#comments</comments>
		<pubDate>Fri, 02 Apr 2010 06:23:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[Ministry of Corporate Affairs]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=687</guid>
		<description><![CDATA[The government’s decision to give some leeway to the banks and non-banking financial services on the switch over to the International Financial Reporting Standards (IFRS) is pragmatic, analysts told FE.
As per the new schedule for IFRS convergence, banks and NBFCs will need to adopt the system only by 2013. It was widely anticipated that banks [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Dissonance in IFRS convergence</title>
		<link>http://www.feeleminds.com/blog/ifrs/dissonance-in-ifrs-convergence/</link>
		<comments>http://www.feeleminds.com/blog/ifrs/dissonance-in-ifrs-convergence/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 05:09:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=622</guid>
		<description><![CDATA[Approaching IFRS (the International Financial Reporting Standards) through a converged set of accounting standards, as announced by India, is a highly inconsistent but alternative line of thinking, observes T. P. Ghosh, Professor in the Institute of Management Technology, Dubai International Academic City, UAE (www.imtdubai.ac.ae).
For starters, it may help to know why there is a growing [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Bill late , govt tallying local rules with global a/c norms</title>
		<link>http://www.feeleminds.com/blog/ministry-of-corporate-affairs/bill-late-govt-tallying-local-rules-with-global-ac-norms/</link>
		<comments>http://www.feeleminds.com/blog/ministry-of-corporate-affairs/bill-late-govt-tallying-local-rules-with-global-ac-norms/#comments</comments>
		<pubDate>Thu, 28 Jan 2010 09:52:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[Ministry of Corporate Affairs]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=487</guid>
		<description><![CDATA[The government will tweak existing rules rather than wait for a comprehensive law to get Parliament’s approval to quicken the transition towards a new global accounting standard that the country must embrace by next year.
Policymakers and regulators, such as the corporate affairs ministry, Reserve Bank of India (RBI) and Insurance Regulatory Authority of India (Irda), [...]]]></description>
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		<title>IFRS conversion: Taxing times ahead</title>
		<link>http://www.feeleminds.com/blog/ifrs/ifrs-conversion-taxing-times-ahead/</link>
		<comments>http://www.feeleminds.com/blog/ifrs/ifrs-conversion-taxing-times-ahead/#comments</comments>
		<pubDate>Wed, 27 Jan 2010 08:53:35 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=481</guid>
		<description><![CDATA[The increasing attractiveness of the European and Asian capital markets has prompted emerging economies like-Brazil , China, India, and Russia to  converge their existing accounting standards to International Financial Reporting Standards (IFRS).
Over 100 countries have now adopted or permitted IFRS or have based their local Generally Accepted Accounting Principles (GAAP) on the principles of IFRS.
In [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>KPMG takes lead to help cos shift to IFRS</title>
		<link>http://www.feeleminds.com/blog/ifrs/kpmg-takes-lead-to-help-cos-shift-to-ifrs/</link>
		<comments>http://www.feeleminds.com/blog/ifrs/kpmg-takes-lead-to-help-cos-shift-to-ifrs/#comments</comments>
		<pubDate>Sun, 24 Jan 2010 07:37:37 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=474</guid>
		<description><![CDATA[As the ministry of corporate affairs asks India Inc to gear up their international financial reporting standards (IFRS) conversion process, various agencies have taken the lead in helping companies transit to the new standard. However, consulting firms are trying to cash in on the opportunity and the best of it. KPMG India has launched a [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Global accounting respite for SMEs</title>
		<link>http://www.feeleminds.com/blog/ifrs/global-accounting-respite-for-smes/</link>
		<comments>http://www.feeleminds.com/blog/ifrs/global-accounting-respite-for-smes/#comments</comments>
		<pubDate>Wed, 20 Jan 2010 07:06:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=472</guid>
		<description><![CDATA[Small and medium enterprises (SMEs) in the country will not have to prepare their accounts as per the International Financial Reporting  Standards (IFRS) from April 1, 2011, saving them significant cost of switching to the more rigorous accounting standard A government-constituted core panel on IFRS has decided to exempt SMEs from the first phase of [...]]]></description>
		<wfw:commentRss>http://www.feeleminds.com/blog/ifrs/global-accounting-respite-for-smes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>As projects take time, realty firms find it difficult to build on IFRS</title>
		<link>http://www.feeleminds.com/blog/ifrs/as-projects-take-time-realty-firms-find-it-difficult-to-build-on-ifrs/</link>
		<comments>http://www.feeleminds.com/blog/ifrs/as-projects-take-time-realty-firms-find-it-difficult-to-build-on-ifrs/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 06:22:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=456</guid>
		<description><![CDATA[With the ministry of corporate affairs reiterating its commitment to converge Indian accounting norms with the international financial reporting standards (IFRS), the real estate companies are finding it tough to handle the effects of the implementation of the international standards as it will impact the basis for recognising revenues.
Under IFRS, real-estate accounting is largely based [...]]]></description>
		<wfw:commentRss>http://www.feeleminds.com/blog/ifrs/as-projects-take-time-realty-firms-find-it-difficult-to-build-on-ifrs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>International Financial Reporting Standards to be mandatory</title>
		<link>http://www.feeleminds.com/blog/ifrs/international-financial-reporting-standards-to-be-mandatory/</link>
		<comments>http://www.feeleminds.com/blog/ifrs/international-financial-reporting-standards-to-be-mandatory/#comments</comments>
		<pubDate>Thu, 14 Jan 2010 06:57:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.feeleminds.com/blog/?p=433</guid>
		<description><![CDATA[Corporate India may soon breathe a sigh of relief.
The much-anticipated International Financial Reporting Standards (IFRS) is likely to be rolled out only partially in India from April 1, 2011.
That’s because a core group on IFRS implementation, set up by the ministry of company affairs and headed by renowned chartered accountant Y H Malegam, is set [...]]]></description>
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