Transformative Effects of IFRS-Converged Ind AS on Financial Reporting in India. Challenges, Opportunities and Stakeholder Insights

Name: Transformative Effects of IFRS-Converged Ind AS on Financial Reporting in India. Challenges, Opportunities and Stakeholder Insights
Brand: GRIN Verlag
Availability: OutOfStock
Rating: 5 (1 reviews)

By Radhika P. Y.

0 - Default Title

Description

Research Paper (undergraduate) from the year 2024 in the subject Business economics - Accounting and Taxes, grade: A, , course: B.Com. International Accounting and Finance, language: English, abstract: The adoption of Indian Accounting Standards (Ind AS), converged with International Financial Reporting Standards (IFRS), represents a transformative shift in India's financial reporting framework. This study follows a descriptive research approach based on secondary data from government reports, academic literature, financial statements, and regulatory publications. It identifies the challenges and opportunities organizations face during the transition from Indian GAAP to Ind AS, addressing complexities in fair value accounting, increased disclosure requirements, and regulatory compliance. The study also understands the stakeholder perceptions, including corporate entities, investors, auditors, and regulatory bodies, assessing their adaptability and the impact on financial decision-making.
Furthermore, the research identifies the institutional support and training programs provided by SEBI, RBI, ICAI, NFRA, and MCA, highlighting their role in ensuring a smooth transition through regulatory frameworks and capacity-building initiatives. Additionally, it explores the long-term effects of IFRS adoption on financial reporting quality, corporate governance, and technological advancements in India. By enhancing financial transparency, global comparability, and investor confidence, Ind AS strengthens India's integration into international financial markets. The findings provide insights for policymakers, businesses, and financial professionals, aiding in compliance strategies and maximizing the benefits of Ind AS implementation.

Product details

Binding:: Paperback
Edition:: 1
Number of Pages:: 76
Release Date:: 2025-04-17
Publication Date:: 2025-04-17
Publisher:: GRIN Verlag
Languages:: Original: English
ISBN10:: 3389141146
ISBN13:: 9783389141144
Weight:: 124 g
Height:: 148 cm
Width:: 210 cm
Thickness:: 6 cm

Buy on Amazon

Currently sold out

Add to Wishlist