IGAAP

Acronym	Definition
IGAAP	Indian Generally Accepted Accounting Principles (standards)
IGAAP	International Generally Accepted Accounting Principles (World Bank)

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Liability for dividend declared after the reporting period is recognized in retained earnings under IGAAP is derecognized under IFRS, as under IFRS dividend is to be recorded only after approval.

Under IGAAP, these advances are shown under Long term loans and advances.

Impact of IFRS adoption on financial decisions case study of Indian Information Technology Industry : Wipro Ltd

He further explains the key differences between IGAAP and IFRS:

PIRON provides end to end services to meet IFRS requirements

What is less clear is what this converged iGAAP will look like.

GAAP with iGAAP has made a great deal of progress to date, there are still many issues yet to be addressed, including the fate of the LIFO method.

Must LIFO go to make way for IFRS?

Despite this, we have increased our annual (IGAAP & USGAAP) earnings per share guidance, driven by operational efficiencies," said V.

Satyam posts USD 652.2 Million in Revenue in Second Quarter of FY'09

Corporate financial reporting is governed by a set of standard practices known as Generally Accepted Accounting Principles IGAAP).