IFRS in India: Financial Implications in Select Companies. (Record no. 49738)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02184nam a2200205 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20180509175559.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 180509b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Athma, Prashanta |
| 9 (RLIN) | 31412 |
| 245 ## - TITLE STATEMENT | |
| Title | IFRS in India: Financial Implications in Select Companies. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 7-22 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | International Financial Reporting Standards (IFRS) set by the International Accounting Standards Board (IASB) are adopted by the companies for the preparation of the financial statements. This ensures easy understanding and facilitates comparability of the financial statements of different enterprises of different countries and provides relevant and meaningful information to the various users of the financial statements. In India, the new set of standards which have been converged with IFRS is known as Indian Accounting Standards or Ind AS and will be implemented in India in a phased out manner (Phase 1, 2 and 3) as have been notified by the Ministry of Corporate Affairs on February 25, 2011. The recent announcement made by the Finance Minister in the year 2015 made it mandatory for all the listed companies either to adopt IFRS or converge with effect from the accounting year 2016-17. IFRS is recommended for adoption with several benefits in mind and some of the companies have already adopted new standards and have started reporting accordingly. In this context, the present paper presents an overview of double adoption of IFRS globally by the significant trade forums and the Indian companies which are voluntarily adopting IFRS. It also analyzes the financial implications of adoption of IFRS by the select companies in India. The study is based on secondary data, and Gray comparability index, t-test and F-test are employed for analyzing the data. [ABSTRACT FROM AUTHOR] |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | International financial reporting standards |
| Uncontrolled term | International Accounting Standards Board |
| Uncontrolled term | Financial statements |
| Uncontrolled term | Comparability (Accounting) |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Bhavani, O |
| 9 (RLIN) | 31413 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 30412 |
| Host Itemnumber | 70148 |
| Main entry heading | MURTHY, E N |
| Place, publisher, and date of publication | IUP PUBLICATION HYDERABAD |
| Other item identifier | 5558572 |
| Title | ACCOUNTING RESEARCH & AUDIT PRACTICES |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 09/05/2018 | Vol 17, No 1/ 5558572JA1 | 5558572JA1 | 09/05/2018 | 09/05/2018 |