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Get the free Next phase of India's skill programme to focus on quality ... - Mint

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Guidelines (20162020)Sari Narendra Modi Honorable Prime Ministered s make India the Skill Capital of the WorldIntroduction The Union Cabinet had approved India's the largest Skill Certification Scheme,
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The next phase of IND AS (Indian Accounting Standards) is focused on the convergence of Indian accounting standards with IFRS (International Financial Reporting Standards) to enhance financial reporting quality.
All companies and entities that fall under the prescribed thresholds as per the Companies Act, including listed companies and large private companies, are required to file the next phase of IND AS.
Entities must prepare their financial statements according to the guidelines set forth in IND AS, ensuring that all applicable standards are followed and necessary disclosures made.
The purpose is to improve the transparency, consistency, and comparability of financial statements, thereby increasing investor confidence and aligning with global accounting standards.
Information such as fair value measurements, revenue recognition, financial instruments, leases, and significant accounting policies must be reported.
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