Indian Journal of Finance
By: Associated Management Consultants (P) Ltd.Single Issue
Single Issue
- IJF-Jan11-Article7-IFRS : A Conceptual Understanding And Framework
- Price : 80.00
- Published on January 1, 2011
- Associated Management Consultants (P) Ltd.
- Issues 356
- Language - English
- Published daily
About this issue
The International Financial Reporting Standards are to be implemented in India from 1/04/2011. And, still, there are many unanswered questions w.r.t its conceptual framework, implementation, impact and other related issues. Answers to these questions will definitely help to increase our knowledge leading to better analysis. In this paper, an effort has been made to get a conceptual understanding of IFRS and its framework in the Indian context. It was realized that there are certain significant differences between International Financial Reporting Standards and Generally Accepted Accounting Principles. Also, there would be a major impact on the key industries and certain challenges to be faced while adopting IFRS but the benefits definitely outweigh the disadvantages.
About Indian Journal of Finance
Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a monthly journal with topics ranging from corporate to personal finance, insurance to financial economics and derivatives.