Don’t forget to subscribe our channel ..! In this lecture, We will understand the Complete concept of Accounting Standards and IFRS for Class 11th Accounts. 0:00 Introduction 0:23 Why is the Accounting Standard required 3:17 Meaning of Accounting Standard 5:17 Objective (Purpose) of Accounting Standard 9:45 Need and Advantages of Accounting Standard 11:33 International Accounting Standard (IAS) 12:24 Accounting Standard in India 14:29 Introduction of IFRS 16:54 Objective of IFRS 18:00 Features of IFRS 21:54 Assumptions of IFRS 24:42 Financial Statements in IFRS 26:13 Adoption of IFRS in India (Convergence of IFRS called IND AS) 31:20 Difference between IFRS / IND AS and AS (Indian GAAP) For Class notes and PDFs join our Telegram channel for Class 11th https://t.me/capushpakmishraclass11 For any queries, please message me on 8276842610 through WhatsApp #Accounts, #class11accounting #AccountingStandard #AccountingStandardclass11 #Accountingstandard&IFRS, #AccountingStandardIntroductionclass11, #AccountingStandardmeaning, #Commerce