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ADS (American Depository Shares) Conversion Offer

Conversion of local shares into American Depositary Shares(ADS) of a company is called an ADS conversion offer.  

The offer allows local (Indian) investors to convert their shares into ADS and sell it in the US markets.  

ACCRUAL BASIS

Accrual principle is one of the important principles of accounting.
A method of recording accounting transactions for revenue when earned and expenses when incurred even when cash has not been received or paid during the period of accrual.
To record revenue as soon as the related invoice is issued to the customer is an example of accrual basis accounting.
Only Indian Railways still relies on Cash Basis of Accounting. All other major government and private organizations rely on accrual principle.
The techniques, methods, requirements, determinations, and discretion allowed when using the accrual method are governed by Generally Accepted Accounting Principles (GAAP).
Cash accounting which recognizes transactions only when there is an exchange of cash, is the opposite of Accrual accounting.