What is difference IFRS and Ind As Financial Instruments

Question

Accepted Answer

IFRS and Ind AS have different standards for financial instruments.

IFRS recognizes financial instruments as either financial assets or financial liabilities, while Ind AS recognizes them as either financial assets, financial liabilities, or equity instruments.
IFRS requires fair value measurement for all financial instruments, while Ind AS allows for amortized cost measurement for certain financial instruments.
IFRS has specific rules for hedge accounting, while Ind AS allows for more flexibility in hedge accounting.
IFRS requires disclosure of fair value measurement for all financial instruments, while Ind AS requires disclosure of fair value measurement for certain financial instruments.
IFRS has a separate standard for impairment of financial assets, while Ind AS includes impairment of financial assets in its standard for financial instruments.

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