Ifrs And India's Response

AN ASSIGNMENT REPORT ON THE TOPIC INTERNATIONAL financial inform STANDARDS (IFRS) & INDIA’S RESPONSE PREPAREED BY JAZBUL ISLAM-O8MBAIB-01 NOOR ALAM KHAN-08MBAIB-03 SUBMITTED TO DR. MOHD. AFAQ KHAN division OF BUSINESS ADMINISTRATION AMU, ALIGARH 2009 IFRS AND INDIA’S RESPONSE circumscribe: foliate no. Introduction What is IFRS? Background of IFRS Why IFRS? internationalist go steady in implementing IFRS A comparison of IFRS and INDIAN generally evaluate news report principles Indian scenario Convergence with IFRS in India Opportunities of implementing IFRS finish Bibliography 3 3 3 4 5 7 19 20 20 22 22 2|P a ge IFRS AND INDIA’S RESPONSE entranceway: In an increasingly interconnected orbicular economy, numerous trade participants atomic number 18 considering the question of whether it is possible or sought subsequently to move toward a more uniform global ― verbiage‖ for financial reporting. The propone nts of this idea argue that a uniform record of global accounting standards, supported by strong goernance, self-employed person standard-setting and a sound regulatory framework, could benefit investors and businesses alike.

Others suggest that nerve-racking to establish a uniform set of global standards would flush the risk of overlooking the unique economic, political, cultural, legal and regulatory realities that survive in different nations and regions. Over the past decade, this global banter has intensified. In 2001, the International Accounting timeworns Board (IASB) adopted the graduation gear iteration of International Financial Reporti! ng Standards (IFRS) to coif as a possible pathway for establishing uniform global accounting standards. Since then, IFRS has been adopted or become accepted in over 100 countries. WHAT IS IFRS? International Financial Reporting Standards (IFRS) are Standards, Interpretations and the manakin for the Preparation and Presentation of Financial Statements (in the absence of a Standard or an Interpretation) adopted by the International Accounting...If you unavoidableness to ascertain a full essay, order it on our website: OrderCustomPaper.com

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