Download App
| >> | LShop | >> | Book | >> | Economics, Finance, ... | >> | Finance & Accounting | >> | International Financ... |
International Financial Reporting Standards (IFRS) and Indian Accounting Practices
-
ISBN
:
9788177083064
-
Publisher
:
New Century Publications
-
Subject
:
Finance & Accounting
-
Binding
:
HARDCOVER
-
Pages
:
186
-
Year
:
2012
₹
780.0
₹
780.0
780.0
Buy Now
Shipping charges are applicable for books below Rs. 101.0
View DetailsEstimated Shipping Time : 5-7 Business Days
View Details
-
Description
The objective of accounting standards is the preparation of financial statements within the bounds of rationality, thereby ensuring comparability of financial statements of different enterprises. This, in turn, provides meaningful information to various users of financial statements to enable them to make informed economic decisions. Recognising the need for international harmonisation of accounting standards, the International Accounting Standards Committee (IASC) was established in 1973. It was later reconstituted as the International Accounting Standards Board (IASB). The objectives of IASC included promotion of the international accounting standards for worldwide acceptance and observance so that the accounting standards in different countries are harmonised. In recent years, need for international harmonisation of accounting standards followed in different countries has grown considerably as the cross-border transfers of capital are becoming increasingly common. Economic reforms initiated in India since early 1990s have led to increasing attention being devoted to accounting standards as a means towards ensuring potent and transparent financial reporting by corporates. International Financial Reporting Standards (IFRSs), issued by the International Accounting Standards Board (IASB), as the uniform language of business to protect the interests of international investors, have brought into focus the need for reforms in accounting procedures in different countries. IFRSs have been made applicable in India from the reporting year 2011 by the Ministry of Corporate Affairs for specified business entities. The new accounting norms have posed challenges for business enterprises in terms of presentation of accounts, and accounting policies and procedures. This book explains in simple language the requirements of IFRSs and the attending implementation hurdles.
Related Items
-
of
-
OFFER
Global Financial Warriors: The Untold Story of International Finance in the Post-9/11 World
John B. Taylor
Starts At
1632.0
2299.0
29% OFF
-
OFFER
Global Financial Warriors: The Untold Story of International Finance in the Post-9/11 World
John B. Taylor
Starts At
542.0
695.0
22% OFF
-
OFFER
International Financial Management
Milind Sathye Larry Rose Larissa Allen Rae Weston
Starts At
638.0
779.0
18% OFF
-
OFFER
A Global History of Accounting, Financial Reporting and Public Policy: Americas (Studies in the Development of Accounting Thought)
Gary Previts
Starts At
10119.0
11767.0
14% OFF
-
OFFER
Essential Project Investment Governance and Reporting: Preventing Project Fraud And Ensuring Sarbanes-Oxley Compliance
Steven C. Rollins
Starts At
4398.0
5114.0
14% OFF
-
OFFER
Rethinking the Rules of Financial Accounting : Examining the Rules for Accurate Financial Reporting
Robert N Anthony
Starts At
1830.0
2128.0
14% OFF
-
OFFER
International Financial Management (McGraw-Hill International Editions: Finance Series)
Cheol Eun
Starts At
11626.0
13519.0
14% OFF
-
OFFER
The Changing Environment of International Financial Markets: Issues and Analysis
Dilip K. Ghosh
Starts At
13118.0
14416.0
9% OFF
-
OFFER
International Financial Architecture: G7, IMF, BIS, Debtors and Creditors (Palgrave Texts in Finance and Monetary Economics)
Carlos M. Pelýez
Starts At
13195.0
14501.0
9% OFF
-
OFFER
The Theory and Practice of International Financial Management
Reid W. Click
Starts At
10989.0
12778.0
14% OFF
-
OFFER
Mathematical Programming and Financial Objectives for Scheduling Products (International Series in Operations Research and Management Science, Volume ... in Operations Research & Management Science)
Alf Kimms
Starts At
9825.0
10235.0
4% OFF
-
OFFER
International GAAP 2008: Generally Accepted Accounting Practice under International Financial Reporting Standards
Ernst & Young
Starts At
17605.0
20472.0
14% OFF
-
OFFER
Foreign Currency Financial Reporting from Euro to Yen to Yuan:A Guide to Fundamental Concepts and Practical Applications (Wiley and SAS Business Series)
Robert Rowan
Starts At
4401.0
5118.0
14% OFF
