Indian GAAP, US GAAP, IFRS

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Indian GAAP, US GAAP, IFRS

A financial report can be done in multiple GAAP’s (Indian GAAP, US GAAP, IFRS), therefore it becomes a big challenge to report these financials.

Indian GAAP

Indian GAAP this is a set of accounting standards that every company operating in India has to follow when reporting its financial results.

US GAAP

These are the generally accepted accounting principles, also called GAAP or US GAAP, are the generally accepted accounting principles adopted by the U.S. Securities and Exchange Commission.

IFRS

These are referred to as International Financial Reporting standards, are defined as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.

Thus it is a cumbersome process of reporting within a less time span to compare the multiple GAAP’s.

Enterslice assists in the process of doing the same, whereas the organization can focus on the other review points.

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