This book has been written specially in the Indian context to help the first time adopters of converged Ind-Ass/IFRS in India. It explains with practical examples that how o convert Indian Blance Sheet into Converged Ind-Ass/IFRS and this type of chapters are very important for forst time adopters of Ind-ASs/IFRS in India. SIC and IFRIC Interpretations have been added to explain the practical and complex areas under IFRS.