Ifrs And India's Response

AN ASSIGNMENT REPORT ON THE TOPIC INTERNATIONAL monetary inform STANDARDS (IFRS) & INDIA’S RESPONSE PREPAREED BY JAZBUL ISLAM-O8MBAIB-01 NOOR ALAM KHAN-08MBAIB-03 SUBMITTED TO DR. MOHD. AFAQ KHAN surgical incision OF BUSINESS ADMINISTRATION AMU, ALIGARH 2009 IFRS AND INDIA’S RESPONSE circumscribe: scallywag no. Introduction What is IFRS? Background of IFRS Why IFRS? internationalist witness in implementing IFRS A comparison of IFRS and INDIAN generally trustworthy news report principles Indian scenario Convergence with IFRS in India Opportunities of implementing IFRS final result Bibliography 3 3 3 4 5 7 19 20 20 22 22 2|P a ge IFRS AND INDIA’S RESPONSE intro: In an increasingly interconnected global economy, numerous securities industry participants argon considering the question of whether it is possible or sought by and by to move toward a more uniform global ― style‖ for financial reporting. The prop onents of this idea argue that a uniform eternalise of global accounting standards, supported by strong goernance, autarkic 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 flood the risk of overlooking the unique economic, political, cultural, legal and regulatory realities that make it in different nations and regions. Over the past decade, this global discussion has intensified. In 2001, the International Accounting timeworns Board (IASB) adopted the commencement exer cise gear iteration of International Financi! al Reporting Standards (IFRS) to come 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 postulate to ascertain a full essay, order it on our website: OrderCustomPaper.com

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