International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 150    Submit Your Rating     Cite This   Download        Certificate

MONITORING, ENFORCEMENT AND FUTURE ADAPTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS GLOBALLY

    2 Author(s):  YOGESH KUMAR , AARTI NAGAR

Vol -  4, Issue- 3 ,         Page(s) : 618 - 627  (2013 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

As integration of markets is increasing, companies around the world are in need of accomplishing there business in a manner to coincide with the international corporate activities. A higher level of comparability and quality of financial statements required because of an increased international audience and their unfamiliarity with different national domestic accounting standards that the financial statements are produced under. If the investors and stakeholders are not able to obtain an adequate and transparent view on the selected companies, extra cost in form of lost potential capital or investment opportunity will occure as a result of confidence in the companies. Harmonization of accounting standards has become a highly demanded issue of discussion and debate among accounting professionals around the globe. The problem deals with the need of harmonization of accounting standards in practices. The basic aim is to depict and analyse the developments in Indian accounting standards and the need for the adaptation of IFRSs. Keywords: IFRS, Financial statements, stakeholders, accounting standards

order prescription
order online

  1. AICPA,IFRS resources, IFRS news clips, 2011-10-17
  2. http://www.ifrs.com/updates/aicpa/IFRS_news_stories.html
  3. Articles base, IFRS adaptation,  April 14, 2011
  4. http://www.articlesbase.com/international-business-articles/ifrs-adaptation-4603060.html
  5. Articles base, disagreement in IFRS convergence, may11, 2010
  6. http://www.articlesbase.com/accounting-articles/disagreement-in-ifrs-convergence-1974425.html
  7. IAS Plus, accounting standards updates by jurisdiction, 2011.
  8. http://www.iasplus.com/country/singapor.htm 
  9. Hati, W. J. and Rakshit, D. (2002). Integrating accounting standards — A step towards harmonization. Managementaccountant, ICWAI, May 2002.
  10. Srkant, S. (2005). Accounting Standards – will the World be talking same language? Chartered Accountant, ICAI,February 2005.
  11. Memani, R. (2006). Accounting a Milestone for Global Markets. The Financial Express, July 27, 2006.

Printed Materials
  1. Choi, D., and Meek, K. (2007). International Accounting . Prentice Hall 2007. 
  2. Descombe, M. (2002). Ground Rules for Good Research. Open University Press.2002  
  3. Kumar, V. (2000). International Marketing Research. USA. Prentice Hall 2000. 
  4. Nobes C., Parker R. (2004). Comparative International Accounting. Prentice Hall, 2004. 
  5. Saunders M., Lewis P., Thornhill A. (2006) Research Methods for Business Students. Prentice Hall, (2006). 
Published Articles 
  1. Addison Y. (2004). The Macroeconomic Impact of Remittances in Ghana. Bank of Ghana. 2004. 
  2. AfDB/O.E.C.D (2008). African Economic Outlook. AfDB/O.E.C.D. 2008. 
  3. Carlson, P. (1997). Advancing the Harmonization of International Accounting Standards: Exploring an Alternative Path. University of Illinois,1997. 
  4. Carlson, P. (1997). Advancing the Harmonization of International Accounting Standards: Exploring an Alternative Path. University of Illinois 1997.
  5. Chamisa (2000). The Relevance of and Observance of the IASC Standards in Developing Countries and the Particular Case of Zimbabwe. University of Illinois 2000. 

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details