|Particulars||IFRS||US GAAP||Indian GAAP|
|Statement of changes in share (stock) holders’ equity||Statement shows capital transactions with owners, the movement in accumulated profit and a reconciliation of all other components of equity. The statement is presented as a primary statement except when a SOCE is presented. In this case, only disclosure in the notes applies.||Similar to IFRS except that the statement is presented as a primary statement; SEC rules allow certain information to be included in the notes and not in the primary statement.||
No separate statement is required.
Changes in shareholders’ equity are disclosed in separate schedules of ‘Share capital’ and ‘Reserves and surplus’.
|Cash flow statements – format and method||Standard headings, but limited guidance on contents. Direct or indirect method is used.||Similar headings to IFRS, but more specific guidance for items included in each category. Direct or indirect method is used; SEC encourages the direct method.||Similar to IFRS.
However, indirect method is required for listed companies and direct method for insurance companies
|Cash flow definition of cash and cash equivalents||Cash includes cash equivalents with maturities of three months or less from the date of acquisition and may include bank overdrafts.||Similar to IFRS, except that bank overdrafts are excluded||Similar to US GAAP.|
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