Our Assurance team organized a Technical #ClientClinic on Indian Accounting Standards (IndAS). Arvind Kumar, our Manager Assurance, ran the session where he highlighted the 5 step model to be applied by companies to determine the timing and amount at which revenue needs to be recognized. These issues form the core principle of the new standard. Also discussed were the impact of Ind AS 115 and the difference between the Previous GAAP and IndAS.
