Volume : IV, Issue : II, February - 2014

A Study of International Accounting Standard & Indian Accounting Standard

Ms. Sonali B. Jadhav

Abstract :

Over a period of time need arises to develop International Accounting Standards as accounting standards vary from country to country. As a result of this International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) are developed which can be accepted by more than single country. This paper focuses on procedure of issuance of International &Indian Accounting Standard, need of harmonization of global accounting standard & key difference in presentation of financial statement under International & Indian Accounting Standard. Key benefit in harmonizing accounting standard is common accounting system that is perceived as stable, transparent& fair To investors across the world. Cross-border merger & acquisitions will get a boost by making it easier for the parties involved in as per as redrawing the financial statements is concern.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Ms. Sonali B. Jadhav A Study of International Accounting Standard & Indian Accounting Standard Indian Journal of Applied Research, Vol.IV, Issue. II

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