Ind AS 101: First-time Adoption of Indian Accounting Standards

Ind AS 101 - first-time adoption of Indian Accounting Standards. Transition from IGAAP to IndAS.

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|2 April 2026·Updated 2 April 2026|1 min read|12.5K views

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Ind AS 101: First-time Adoption#

Which Companies?#

Listed companies (NSE/BSE)
Public deposits > ₹50 crore
Turnover > ₹200 crore
Holdingsubsidiaries

Transition Process#

appointed date: April 1, 2016
Opening Balance Sheet
Recognition of assets/liabilities
Determine accounting policies

Exemptions Available#

Property, plant & equipment (cost model)
Business combinations (past pooling)
Fair value as deemed cost
Cumulative translation differences

Mandatory Exceptions#

Hedge accounting
Decommissioning liabilities
Embedded derivatives

Key Differences from IGAAP#

IGAAP	Ind AS
Historical cost	Fair value
Rearrangement	Separate presentation
Deferred tax	P&L + OCI
Lease classification	Initial recognition

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