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What is Ind AS 28 vs AS 23: Key Differences about?

Ind AS 28 differs from existing Indian GAAP AS 23 in its scope, as it excludes certain investments included in Ind AS 39, while AS 23 encompasses investments by venture capital organizations and similar entities. Additionally, Ind AS 28 takes into account potential voting rights for assessing significant influence, unlike AS 23, which does not consider potential equity shares held by the investor. These differences highlight the evolving standards in accounting for investments in associates and joint ventur

Author

Lavanya Khanna

Language

EN