The Classic Partners LLP
Ind AS Implementation
End-to-end support for adopting Indian Accounting Standards (Ind AS). We guide you through transition, accounting policy changes, and the disclosures required for compliant financial statements.
Plan Your Ind AS TransitionWhat is Ind AS Implementation?
Ind AS are India's accounting standards converged with IFRS, applicable to specified companies based on net worth and listing status. Implementation means transitioning your accounting and reporting to these standards.
The shift affects revenue recognition, financial instruments, leases, consolidation, and disclosures. We help you plan the transition, restate balances, and prepare Ind AS-compliant financial statements.
Who Needs Ind AS Implementation?
- Companies crossing Ind AS net-worth thresholds.
- Listed companies and their group entities.
- Businesses preparing for IPO or external investment.
- Subsidiaries of Ind AS or IFRS reporting groups.
Our Ind AS Implementation Services
Transition Roadmap
A phased plan to move to Ind AS smoothly.
Diagnostic & Impact
Identifying areas affected by the change.
Accounting Policies
Drafting Ind AS-compliant accounting policies.
Opening Balance Sheet
Restating balances on the transition date.
Disclosures
Preparing the notes and disclosures required.
Team Training
Upskilling your finance team on Ind AS.
Why Choose The Classic Partners
- Qualified Chartered Accountants with hands-on audit and assurance experience.
- End-to-end support — from documentation and verification to final reporting.
- Timely delivery so you meet statutory and lender deadlines without stress.
- Transparent fees and a single dedicated point of contact.
Frequently Asked Questions
Which companies must follow Ind AS?
Ind AS applies in a phased manner based on net worth and listing status. Listed companies and larger unlisted companies above prescribed net-worth thresholds are generally covered.
How is Ind AS different from earlier accounting standards?
Ind AS is converged with IFRS and is more principles-based, with significant changes in areas such as financial instruments, revenue, leases, and fair value measurement.
What is the transition date?
The transition date is the beginning of the earliest period for which full comparative information is presented, from which the opening Ind AS balance sheet is prepared.
Will Ind AS change my reported profits?
It can. Differences in recognition and measurement, such as fair valuation and revenue timing, may change reported profits and net worth compared with previous standards.
Can you handle the full implementation?
Yes. We manage the diagnostic, policy drafting, restatement, disclosures, and team training so your first Ind AS financial statements are compliant.
Transitioning to Ind AS?
Get expert support for a smooth, compliant Ind AS implementation.
Contact Us