Download or read book Strategies Benefits and Challeges of Adoption of IFRS in India written by Dr. S K. Misra and published by . This book was released on 2015 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: A set of rich value and quality accounting standards related to financial reporting are required worldwide in order to operate businesses successfully. Over the past three decades accounting bodies and professional has been contributing to the worldwide efforts with an objective to promoting uniform and harmonized financial reporting system. The globalization have necessitated for a corporate sector to have a uniform, single and universally acceptable system of financial reporting. In 2001, International Financial Reporting Standards were developed with the contributions of International Accounting Standard Board with a view to facilitate a particular set of rich quality and understandable standards for financial reporting. The inaugural of economic reforms and globalization in the late 1980s led the process of changes in financial reporting methods in India. So Indian government also determined to converge its local accounting standards to IFRS. In 2006, ICAI constituted a task force with an objective to propose a blue prints for convergence process in India. This paper is an attempt to discuss the Indian scenario in context to roadmap of IFRS adoption, efficacy of adoption, complications in this convergence process. To conclude, paper suggests ways to address these obstacles.

Download or read book The Challenges and Prospects of IFRS Adoption in Ethiopian Commercial Banks written by Marenesh Abebe and published by GRIN Verlag. This book was released on 2018-03-02 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thesis (M.A.) from the year 2018 in the subject Business economics - Accounting and Taxes, grade: 2, Addis Ababa University, course: MBA in Finance, language: English, abstract: The study aims to examine the challenges and prospects of International Financial Reporting Standards (IFRS) adoption in Ethiopian Commercial Banks. To answer the research question and to achieve the objective of the study this paper adopted the mixed research approach. The questionnaire data were analyzed using descriptive statistics and data from interview and document review were interpreted qualitatively. The results show that IFRS adoption in Ethiopian Commercial Banks will result in a number of important benefits to a wide range of stakeholders. The study also found out that with the exception of capital market the other five variables namely need of amending legal and regulatory requirement , volatility of financial position and financial performance , difficulty of obtaining source documents and data ,need of updating the existing accounting software, information system and information technology of the bank, shortage of skilled and competent man power , shortage of strong professional bodies are the key challenges of IFRS adoption in Ethiopian Commercial Banks. Finally the study recommended the relevant commercial code, tax proclamation and NBE directive should be amended by Government organs in consultation with strong professional bodies , establishment of strong professional bodies and capital market, allocation of sufficient financial and other resources by top management , introduction of IFRS in colleges and universities and future adopters should think ahead the required source documents and data as well as ensure the extent of changes needed to update the existing IT infrastructure to satisfy IFRS requirements.

Download or read book Convergence with International Financial Reporting Standards IFRS in India written by Deepak Adhana and published by . This book was released on 2015 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The globalisation prompt more and more countries to open their doors to foreign investments and as the business expand across borders the need arises to recognize the benefits of having commonly accepted and understood financial reporting standards. The sound financial reporting standards underline the trust that investors place in financial reporting information: and thus play an important role in contributing to the economic development of a country. The mission of International Accounting Standards Board (IASB) is to develop a single set of financial reporting standards that are accepted worldwide. The Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI) is committed to convergence of its standards with those of IASB. However, deviations from International Financial Reporting Standards (IFRS) have been noted due to the some unavoidable reasons like legal and regulatory requirements, economic environment, level of preparedness and conceptual differences etc. Thus it can argued that even there has been lot of deliberation on convergence of Indian accounting standards with IFRS, it is difficult to adopt IFRS considering the indigenous problems.The present paper discusses the IFRS adoption in India and the utility for India in adopting IFRS, the problems and the challenges faced by Indian corporate in adopting IFRS. This paper will help in better understanding of this new language of financial reporting.

Download or read book Adoption of International Financial Reporting Standards at Ethio Telecom Challenges and Prospects written by Tofick Shikuri and published by . This book was released on 2019-12-18 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Shaping IASC for the Future written by International Accounting Standards Committee. Strategy Working Party and published by . This book was released on 1998 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discussion paper from the International Accounting Standards Committee, inviting comment on its proposals for a new structure.

Download or read book IFRS in India written by O. Bhavani and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: International Financial Reporting Standards (IFRS) set by the International Accounting Standards Board (IASB) are adopted by the companies for the preparation of the financial statements. This ensures easy understanding and facilitates comparability of the financial statements of different enterprises of different countries and provides relevant and meaningful information to the various users of the financial statements. In India, the new set of standards which have been converged with IFRS is known as Indian Accounting Standards or Ind AS and will be implemented in India in a phased out manner (Phase 1, 2 and 3) as have been notified by the Ministry of Corporate Affairs on February 25, 2011. The recent announcement made by the Finance Minister in the year 2015 made it mandatory for all the listed companies either to adopt IFRS or converge with effect from the accounting year 2016-17. IFRS is recommended for adoption with several benefits in mind and some of the companies have already adopted new standards and have started reporting accordingly. In this context, the present paper presents an overview of double adoption of IFRS globally by the significant trade forums and the Indian companies which are voluntarily adopting IFRS. It also analyzes the financial implications of adoption of IFRS by the select companies in India. The study is based on secondary data, and Gray comparability index, t-test and F-test are employed for analyzing the data.

Download or read book Accountancy Class XI by Dr S K Singh Dr Sanjay Kumar Singh Shailesh Chauhan SBPD Publications written by Dr. S. K. Singh and published by SBPD Publicatins. This book was released on 2021-06-29 with total page 852 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strictly according to the latest syllabus prescribed by Bihar School Examination Board (BSEB), Patna and developed by State Council for Educational Research & Training (SCERT) following CBSE curriculum based on NCERT guidelines. 1.Introduction to Accounting, 2 .Basic Accounting Terms or Terminology, 3.Theory Base of Accounting : Accounting Principles Fundamental Assumptions or Concepts, 4. Accounting Standards and IFRS, 5 .Double Entry System, 6 .Process and Bases of Accounting, 7 .Origin of Transactions : Source Documents and Vouchers, 8. Accounting Equation, 9. Rules of Debit and Credit, 10. Recording of Business Transactions : Books of Original Entry—Journal, 11. Ledger, 12. Special Purpose (Subsidiary) Books (I) : Cash Book, 13. Special Purpose (Subsidiary) Books (II), 14. Bank Reconciliation Statement, 15. Trial Balance and Errors, 16. Depreciation, 17.Provisions and Reserves, 18. Accounting for Bills of Exchange, 19. Rectification of Errors, 20. Capital and Revenue Expenditures and Receipts, 21. Financial Statements/Final Accounts (Without Adjustment), 22. Final Accounts (With Adjustment), 23 .Accounts from Incomplete Records or Single Entry System, UNIT : Computer in Accounting 1.Introduction to Computer and Accounting Information System (AIS), 2 .Applications of Computer in Accounting, 3 .Accounting and Database System Project Work Appendix : Dictionary of Accounting Latest Model Paper (BSEB) Examination Paper (JAC) with OMR Sheet.

Download or read book Emerging Trends in International Business and Commerce written by Dr. Sanjay R. Ajmeri and published by Allied Publishers. This book was released on 2019-11-11 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a compendium of papers presented in the International Conference on Emerging Global Economic Situation: Impact on Trade and Agribusiness in India jointly organised by Agro-Economic Research Centre (AERC) of Sardar Patel University, Vallabh Vidyanagar, Anand (Gujarat) and Bhikhabhai Jivabhai Vanijya Mahavidyalaya (BJVM), Vallabh Vidyanagar during September 28-29, 2018 with the support of Ministry of Agriculture and Farmers Welfare, Government of India and National Bank for Agriculture and Rural Development (NABARD), Ahmedabad. This book will be very useful for all those interested in issues related to international business and commerce.

Download or read book Innovation in Management Challenges and Opportunities in the next decade written by M.S. Rangaraju and published by Allied Publishers. This book was released on 2012-06-10 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume is a compendium of research papers on the theme "Innovation in Management Challenges and Opportunities in the Next Decade". There were twenty seven papers contributed by academicians and researches and eleven papers contributed by amateur authors. The keynote on the theme given by Dr. T. Alex, Chairman, ISRO throws light on innovation in space technology which is ushering in lot of advancements towards well-being of the society.

Download or read book Advanced Accounting Taxation Advanced Accounting written by Dr. Yashodhan Mithare and published by Success Publications . This book was released on 2023-08-01 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advanced Accounting & Taxation (Advanced Accounting) involves complex financial reporting, consolidation, and advanced accounting principles, focusing on in-depth financial statement analysis and reporting practices.

Download or read book Preliminary Views on Accounting Standards for Small and Medium sized Entities written by International Accounting Standards Board and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Anticipating Future Business Trends Navigating Artificial Intelligence Innovations written by Rim El Khoury and published by Springer Nature. This book was released on with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Accountancy Class XI written by Dr. S. K. Singh, and published by SBPD Publications. This book was released on 2021-10-29 with total page 929 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. Introduction to Accounting, 2. Basic Accounting Terms or Terminology, 3. Theory Base of Accounting : Accounting Principles Fundamental Assumptions or Concepts, 4. Accounting Standards and IFRS, 5. Double Entry System, 6. Process and Bases of Accounting 7. Origin of Transactions : Source Documents and Vouchers, 8. Accounting Equation, 9. Rules of Debit and Credit, 10. Recording of Business Transactions : Books of Original Entry—Journal, 11. Ledger, 12. Special Purpose (Subsidiary) Books (I) : Cash Book, 13. Special Purpose (Subsidiary) Books (II), 14. Bank Reconciliation Statement, 15. Trial Balance and Errors, 16. Depreciation, 17. Provisions and Reserves, 18. Accounting for Bills of Exchange, 19. Rectification of Errors, 20. Capital and Revenue Expenditures and Receipts, 21. Financial Statements/Final Accounts (Without Adjustment), 22. Final Accounts (With Adjustment), 23. Accounts from Incomplete Records or Single Entry System. UNIT : Computer in Accounting 1. Introduction to Computer and Accounting Information System (AIS), 2. Applications of Computer in Accounting, 3. Accounting and Database System : Project Work A Appendix : Dictionary of Accounting B Latest Model Paper (BSEB) C Examination Paper (JAC) with OMR Sheet

Download or read book Innovative Strategies for Implementing FinTech in Banking written by Albastaki, Yousif Abdullatif and published by IGI Global. This book was released on 2020-08-28 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is encouraging various new practices, such as diminishing the use of cash in different countries, increasing rate of mobile payments, and introducing new algorithms for high-frequency trading across national boundaries. It is paving the way for new technologies emerging in the information technology scene that allow financial service firms to automate existing business processes and offer new products, including crowdfunding or peer-to-peer insurance. These new products cater to hybrid client interaction and customer self-services, changing the ecosystem by increasing outsourcing for focused specialization by resizing and leading to new ecosystems and new regulations for encouraging FinTech. However, such new ecosystems are also accompanied by new challenges. Innovative Strategies for Implementing FinTech in Banking provides emerging research exploring the theoretical and practical aspects of technology inclusion in the financial sector and applications within global financing. It provides a clear direction for the effective implementation of FinTech initiatives/programs for improving banking financial processes, financial organizational learning, and performance excellence. Featuring coverage on a broad range of topics such as artificial intelligence, social financing, and customer satisfaction, this book encourages the management of the financial industry to take a proactive attitude toward FinTech, resulting in a better decision-making capability that will support financial organizations in their journey towards becoming FinTech-based organizations. As such, this book is ideally designed for financial analysts, finance managers, finance administrators, banking professionals, IT consultants, researchers, academics, students, and practitio

Download or read book Bihar Board Accountancy Class 11 Based on NCERT Guidelines written by Dr. S. K. Singh and published by SBPD Publications . This book was released on 2023-04-30 with total page 829 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. Introduction to Accounting, 2. Basic Accountng Terms or Terminology, 3. Theory base of Accounting : Accountinfg Principles - Fundamental Assumptions or Concepts, 4. Accounting Standards and IFRS, 5. Double Entry System, 6. Process and Bases of Accounting, 7. Origin of Transactions : Sources Documents and Vouchers, 8. Accounting Equation, 9. Rules of Debit and Cerdit, 10. Recording of Business Transactions : Books of Original Entry - Journal, 10 A. Accounting For Goods and Services Tax (GST), 11. Ledger, 12. Special Purpose (Subsidiary) Books (I): Cash Book, 13. Special Purpose (Subsidiary) Books (II), 14. Bank Reconciliation Statement, 15. Trial Balance and Errors, 16. Rectification of Errors, 17. Depreciation, 18. Provisions and Reserves, 19. Accounting For Bills of Exchange, 20. Capitals and Revenue Expenditures and Receipts, 21. Finanacial Statements/Final Accounts (Without Adjustment), 22. Financial Statement/Final Accounts (With Adjustment), 23. Accounts From Incomplete Records or Single Entry System, Computer In Accounting 24. Introduction to Computer and Accounting Information Systems (AIS), 25. Applications of Computer in Accounting, 26. Accounting and Database System Project Work Appendix : Dictionary of Accounting Objective Accountancy Booklet (With OMR Sheet) Latest Model Paper (BSEB) With OMR Sheet Examination Paper

Download or read book Xam Success NCERT Accountancy Class 11 According to NEP 2020 written by Dr. S. K. Singh and published by Xam Success. This book was released on 2023-06-13 with total page 913 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. Introduction to Accounting, 2. Basic Accounting Terms or Terminology, 3. Theory Base of Accounting : Accounting Principles Fundamental Assumptions or Concepts, 4. Accounting Standards and IFRS, 5. Double Entry System, 6. Process and Bases of Accounting, 7. Origin of Transactions : Source Documents and Vouchers, 8. Accounting Equation, 9. Rules of Debit and Credit, 10. Recording of Business Transactions : Books of Original Entry-Journal, 10A. Accounting for Goods and Services Tax (GST), 11. Ledger, 12. Special Purpose (Subsidiary) Books (I) : Cash Book, 13. Special Purpose (Subsidiary) Books (II), 14. Bank Reconciliation Statement, 15. Trial Balance and Errors, 16. Depreciation, 17. Provisions and Reserves, 18. Accounting for Bills of Exchange, 19. Rectification of Errors, 20. Capital and Revenue Expenditures and Receipts, 21. Financial Statements/Final Accounts (Without Adjustment), 22. Final Accounts (With Adjustment), 23. Accounts from Incomplete Records or Single Entry System, Unit : Computer in Accounting 24. Introduction to Computer and Accounting Information System (AIS), 25. Applications of Computer in Accounting, 26. Accounting and Database System I Project Work II Appendix : Dictionary of Accounting

Download or read book Accountancy Class 11 Bihar JAC written by Dr. S.K. Singh, and published by SBPD Publications . This book was released on 2022-10-11 with total page 1003 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1.Introduction to Accounting, 2 .Basic Accounting Terms or Terminology, 3.Theory Base of Accounting : Accounting Principles Fundamental Assumptions or Concepts, 4. Accounting Standards and IFRS, 5 .Double Entry System, 6 .Process and Bases of Accounting, 7 .Origin of Transactions : Source Documents and Vouchers, 8. Accounting Equation, 9. Rules of Debit and Credit, 10. Recording of Business Transactions : Books of Original Entry—Journal, 11. Ledger, 12. Special Purpose (Subsidiary) Books (I) : Cash Book, 13. Special Purpose (Subsidiary) Books (II), 14. Bank Reconciliation Statement, 15. Trial Balance and Errors, 16. Depreciation, 17.Provisions and Reserves, 18. Accounting for Bills of Exchange, 19. Rectification of Errors, 20. Capital and Revenue Expenditures and Receipts, 21. Financial Statements/Final Accounts (Without Adjustment), 22. Final Accounts (With Adjustment), 23 .Accounts from Incomplete Records or Single Entry System, UNIT : Computer in Accounting 1.Introduction to Computer and Accounting Information System (AIS), 2 .Applications of Computer in Accounting, 3 .Accounting and Database System Project Work Appendix : Dictionary of Accounting Latest Model Paper (BSEB) Examination Paper (JAC) with OMR Sheet.