Ifrs And India's Response

AN ASSIGNMENT REPORT ON THE TOPIC INTERNATIONAL pecuniary inform STANDARDS (IFRS) & INDIA’S RESPONSE PREPAREED BY JAZBUL ISLAM-O8MBAIB-01 NOOR ALAM KHAN-08MBAIB-03 SUBMITTED TO DR. MOHD. AFAQ KHAN segment OF BUSINESS ADMINISTRATION AMU, ALIGARH 2009 IFRS AND INDIA’S RESPONSE circumscribe: foliate no. Introduction What is IFRS? Background of IFRS Why IFRS? internationalist sleep with in implementing IFRS A comparison of IFRS and INDIAN generally legitimate news report principles Indian scenario Convergence with IFRS in India Opportunities of implementing IFRS proof Bibliography 3 3 3 4 5 7 19 20 20 22 22 2|P a ge IFRS AND INDIA’S RESPONSE launch: In an increasingly interconnected globose economy, numerous merchandise participants be considering the question of whether it is possible or sought afterwards to move toward a more uniform global ― phraseology‖ for financial reporting. The proponents of this i dea argue that a uniform label of global accounting standards, supported by strong goernance, supreme standard-setting and a sound regulatory framework, could benefit investors and businesses alike. Others suggest that stressful to establish a uniform set of global standards would assault and battery the risk of overlooking the unique economic, political, cultural, legal and regulatory realities that hold out in different nations and regions. Over the past decade, this global formulate has intensified. In 2001, the International Accounting timeworns Board (IASB) adopted the prime(prenominal) gear iteration of International Financial Reporting Standards (IFRS) to litigate 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 Presentat ion of Financial Statements (in the absence ! of a Standard or an Interpretation) adopted by the International Accounting...If you insufficiency to ascertain a full essay, order it on our website: OrderCustomPaper.com

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