Recommended
More Related Content
Viewers also liked
Recently uploaded
Recently uploaded (20)
IFRS/AFRS(SSEs)/IFRS(SMEs)
- 2. 1 Public Interest Companies Listed company(a company that has issued debt or equity instruments in capital markets ), Subsidiary of a Listed company , Public utility or a Public sector company ,Company holding assets in fiduciary capacity. IFRS 2 Large Size Company An UNLISTED Company having Paid up capital of Rs. 200 m(20 Crore) or more + Turn over of Rs.1 billion (100 Crore) or more IFRS
- 3. 3 Medium Size Company An UNLISTED Company that is neither of the other three categories defined in the table IFRS For SMEs 4 Small Size Company An UNLISTED Company having Paid up capital not exceeding Rs.25 m (2.5 Crore ) + Turnover not exceeding Rs.100 m (10 Crore ) AFRS for SSCs
Editor's Notes
- Note: 1:In case of large size company, both the conditions should be met simultaneously . 2:Paid up capital means:it includes irredeemable prefernce shares also.
- AFRS : ACCOUNTING AND FINANCIAL REPORTING STANDARDS