Surajit Das, Tapash Ranjan Saha

IFRS and Indian Accounting Standard: A Comparative Study

• Broschiertes Buch

Produktbeschreibung

Uniform accounting standard for reporting financial statement is required when any company establishes its businesses outside the country of origin for accessing the global markets. Based on this need, an International Financial Reporting Standard was developed. When a company switches over from local GAAP to IFRS, they have to modify their accounting system and prepare comparative financial information between their previous GAAP and new IFRS. In India, after globalization, a number of companies listed their securities on the stock exchanges outside India. At that point, there was a requirement to prepare a financial statement as per the global language. On the basis of this requirement, in 2010, Ministry of Corporate Affairs officially announced the date of IFRS adoption in India for the first time. The motivation behind this paper is to make a parallel comparison and evaluate the impact of IFRS quantitative factors of financial report prepared by Indian companies under IFRS and Indian GAAP simultaneously.

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 52
• Englisch
• Abmessung: 220mm x 150mm
• ISBN-13: 9786200299161
• ISBN-10: 6200299161
• Artikelnr.: 57790045

Autorenporträt

Das, Surajit
Prof. Surajit Das, have done graduation from South City College under University of Calcutta, then M.Com under the same University. After that he has done his MBA in Insurance and Risk Management from University of Burdwan. In the academic field, recently he is doing research under West Bengal University of Technology in the field of Accountancy.