Ind AS (IFRS equivalent) - Implementation roadmap


Particulars Phase I Phase II Voluntary adoption
Year of adoption
FY 2016 - 17
FY 2017 - 18
FY 2015 -16 or thereafter
Comparative year
FY 2015 - 16
FY 2016 - 17
FY 2014 - 15 or thereafter
Covered companies
(a) Listed companies
All companies with net worth >= INR500 crore
All companies listed or in the process of being listed
All companies listed or in the process of being listed
(b) Unlisted companies
All companies with net worth >= INR500 crore
Companies having a net worth >= INR250 crore
(c) Group companies
Applicable to holding, subsidiaries, joint ventures, or associates of companies covered in (a) and (b) above. This may also impact fellow subsidiary companies while preparing CFS of the holding company
  • Ind AS even if not applicable may be opted for voluntarily.
  • Evaluations of benefits under Ind AS can be done.
  • Further, this may also result in lesser administrative/finance time-cost, which today is higher on account of dual reporting