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A Study on International Financial Reporting Standards : In Context with Indian Economy


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1 MERI, India
     

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Economic development of any country depends on sound financial reporting system backed by other quality standards.In the era of globalization,trade between countries are increasing day by day.IFRS provides common global language so that company's accounts are comparable across international boundaries.In India,ICAI has decided to converge Indian accounting standards with IFRS.

The objective of the present paper is :

* To examine the benefits and challenges of IFRS in the Indian business environment

* To discuss the phases involved in adoption of IFRS


Keywords

IFRS, Converge, Indian Accounting Standards, ICAI.
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Abstract Views: 334

PDF Views: 5




  • A Study on International Financial Reporting Standards : In Context with Indian Economy

Abstract Views: 334  |  PDF Views: 5

Authors

Nidhi Girdhar
MERI, India

Abstract


Economic development of any country depends on sound financial reporting system backed by other quality standards.In the era of globalization,trade between countries are increasing day by day.IFRS provides common global language so that company's accounts are comparable across international boundaries.In India,ICAI has decided to converge Indian accounting standards with IFRS.

The objective of the present paper is :

* To examine the benefits and challenges of IFRS in the Indian business environment

* To discuss the phases involved in adoption of IFRS


Keywords


IFRS, Converge, Indian Accounting Standards, ICAI.

References