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Ind AS impact Financial statements to undergo changes, but no major rating or criteria changes foreseen since fundamentals remain the same August 2016Table of contents Executive summary .............................................................................................................................................
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Ind AS impact refers to the effect of implementing Indian Accounting Standards on the financial statements of a company.
All companies in India are required to file Ind AS impact as per the guidelines issued by the Ministry of Corporate Affairs.
Ind AS impact can be filled out by analyzing the financial data of the company and making necessary adjustments as per the Indian Accounting Standards.
The purpose of Ind AS impact is to ensure that the financial statements of a company are prepared in accordance with the Indian Accounting Standards to provide relevant and reliable information to stakeholders.
Ind AS impact report must include the adjustments made to the financial statements of a company to comply with Indian Accounting Standards.
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