Company financial statements are going to change forever. Are you prepared?
Come 2011 and the manner in which Indian companies present their profit and loss accounts (P&L) and balance sheets will change significantly. That is when it will become mandatory for them to adopt the International Financial Reporting Standards (IFRS). Here is a quick guide to surviving that transformation.
(This story appears in the 22 January, 2010 issue of Forbes India. To visit our Archives, click here.)