Indian & International Financial Reporting Standards

ISBN-13: 9783659140761 / Angielski / Miękka / 2015 / 132 str.

Jain Pawan

Opis

The financial statements are prepared on the basis of various accounting practices. Among these accounting practices, some are quite discretionary in nature. The result is that a few of the companies follow them, adopt them while others do not. Due to this discrepancy, the results of two or more companies or for two periods are not comparable. This discrepancy exists on international financial reporting scenario wherein companies in different countries follow different reporting procedures making financial results non comparable. The Accounting Standards/financial reporting standards provide a framework for these accounting practices so that the financial statements of different enterprises become comparable. The book presents a detailed comparative study of International and Indian Accounting standards with special reference to selected Indian Companies. The Book discusses selected Indian Accounting Standards and how these companies are adopting these standards. The Book also explores the impact if companies adopt the International Accounting Standards and prepare and present their Accounts accordingly.

O autorze

Dr Pawan Jain is currently employed as Associate Professor at Institute of Management Technology, Nagpur,India.He has a teaching experience of two decades majorly in the area of Accounting and Financial Reporting in India and abroad. He had published papers in International /National journals on Accounting Standards/Accounting Procedures etc.