Indian GAAP Insights

What is Indian GAAP?

Indian Generally Accepted Accounting Principles (GAAP) are the accounting standards used in India for preparing and presenting financial statements. These standards are issued by the Institute of Chartered Accountants of India (ICAI) and are based on the Companies Act. Indian GAAP aims to ensure that financial statements are reliable, relevant, and comparable, providing a true and fair view of a company's financial performance and position. It is commonly used by companies in India for financial reporting to stakeholders such as investors, creditors, and regulators.

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What other technologies are related to Indian GAAP?

Indian GAAP Competitor Technologies

Ind AS

Ind AS (Indian Accounting Standards) are accounting standards converged with IFRS. As accounting standards, they provide an alternative framework to Indian GAAP, making them a competitor.

mentioned alongside Indian GAAP in 18% (181) of relevant job posts

US GAAP

US GAAP (United States Generally Accepted Accounting Principles) is another accounting standard. Since Indian GAAP is an accounting standard for India, US GAAP provides an alternative framework and is therefore a competitor.

mentioned alongside Indian GAAP in 3% (152) of relevant job posts

IFRS

IFRS (International Financial Reporting Standards) are global accounting standards. As accounting standards, they provide an alternative framework to Indian GAAP, making them a competitor.

mentioned alongside Indian GAAP in 1% (161) of relevant job posts