logo

Impact of IFRS Adoption in India

   

Added on  2020-02-03

9 Pages1958 Words93 Views
Data Science and Big DataEconomics
 | 
 | 
 | 
Dissertation proposal(To assess the implications of adopting internationalfinancial reporting standards in developing countries, Acase study on India)1
Impact of IFRS Adoption in India_1

Table of ContentsINTRODUCTION................................................................................................................................3Project title........................................................................................................................................3Background & overview...................................................................................................................3Statement of the problem..................................................................................................................3Research aims and objectives...........................................................................................................3Research question.............................................................................................................................4LITERATURE REVIEW.....................................................................................................................4Evolution & adoption of IFRS in India............................................................................................4Benefits and challenges of IFRS adoption in India..........................................................................5RESEARCH METHODOLOGY.........................................................................................................5Quantitative & qualitative.................................................................................................................5Research approach............................................................................................................................6Data collection..................................................................................................................................6Data analysis.....................................................................................................................................6Time-scale.........................................................................................................................................6REFERENCES.....................................................................................................................................82
Impact of IFRS Adoption in India_2

INTRODUCTIONProject titleTo assess the implications of international financial reporting standards (IFRS) in developingcountriesBackground & overviewOver the period, globalization integrated the corporate financial market which arise the needof common financial reporting standards in order to harmonize the reporting practices ofmultinational companies. International Accounting Standard Board (IASB) issued the InternationalFinancial Reporting Standards (IFRS) to develop a set of global accounting standards & commonfinancial language for the business affairs so as to produce the comparable and understandableannual accounts across international boundaries (Akdogan and Ozturk, 2015). The development ofuniform financial language at an international level in the form of IFRS has mitigated thediscrepancies in the financial reporting due to differences in local and national accountingstandards. The main target of the IFRS is to improve comparability, understand ability, relevanceand reliability of the financial reporting of companies operating worldwide (Bhat, Callen andSegal,2016). The current research study will focus on investigating the implications of IFRS for thedeveloping nation, India. Statement of the problemIn the past few years, global corporate world has witnesses a significant level of change asnow-a-days, establishments are expanding their operations overseas and also raising money fromthe outside countries for fuelling growth. However, the accounting and reporting rules andregulations of the foreign country is different from the local or national standards. Thus, it raises therequirement for the domestic corporations to implement IFRS to report their annual accounts(Choudhary, Gupta and Chauhan, 2012). By applying the single set of financial reporting standards,firms will be able to ensure uniformity which assists foreign investors to make better andrationalized investment decisions and build confidence. Thus, the current research will investigatethe importance as well as challenges for the Indian companies in implementation of IFRS. http://www.researchambition.com/uploads/201682162922ra.pdfResearch aims and objectivesResearch aim: To investigate the implications of IFRS in developing country; A case study on IndiaResearch objectives:1.What are the main factors that encourage businesses to prepare their accounts by applying3
Impact of IFRS Adoption in India_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Difference Between IAS and IFRS: PDF
|5
|492
|30

Perceived Costs and Benefits of Adopting International Accounting Standards in Asian Countries
|9
|2694
|62

Approach of International Financial Reporting Standards
|10
|3194
|31

Accounting Financial Analysis Report
|12
|4244
|264

Improvement in Quality of Corporate Reporting Disclosures after IFRS Adoption
|7
|1460
|245

Perceived Costs and Benefits of IFRS Adoption in Asian Countries
|12
|2457
|386