Lesson 03 — IndAS Reporting Standards
Week 03 · Lesson 3 of 5 · Week 03 — Financial Statements Intro
Ind AS = Indian Accounting Standards, converged with global IFRS standards. Since 201617, all listed companies in India report under IndAS. Before that, they...
What is IndAS?
Ind AS = Indian Accounting Standards, converged with global IFRS standards.
Since 2016-17, all listed companies in India report under IndAS. Before that, they used the older Indian GAAP.
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"IndAS matlab ek standard tarika financial statements banane ka — taaki comparison ho sake."
Why does this matter to you?
- Comparability — all companies follow the same rules, so you can compare apples to apples
- Data consistency — InvestingSamjho data uses IndAS field names (e.g.
revenue_from_operations,total_comprehensive_income) - Historical breaks — pre-2017 data may not be directly comparable
Key IndAS concepts for beginners
| Term | What it means |
|---|---|
| Revenue from Operations | Core business income (not investments) |
| Other Income | Interest, dividend, one-time gains |
| Total Comprehensive Income | Profit + unrealised gains/losses |
On InvestingSamjho
Our data uses standardised IndAS fields. When you see field names like profit_before_tax or total_income, they follow IndAS taxonomy.
Don't memorise all fields
You'll learn the important ones as we go through P&L (Week 04) and Balance Sheet (Week 05). For now, just know that a standard exists.
Key takeaway
IndAS ensures all companies report financials in the same format. This makes your job as an analyst much easier.