MANDATORY AND VOLUNTARY DISCLOSURE OF INDIAN COMPANIES- A STUDY WITH REFERENCE TO INVESTORS IN CHENNAI REGION

K.BANUPRIYA; Dr. C. VETHIRAJAN

Volume : VIII, Issue : II, February - 2018

MANDATORY AND VOLUNTARY DISCLOSURE OF INDIAN COMPANIES- A STUDY WITH REFERENCE TO INVESTORS IN CHENNAI REGION

K. Banupriya, Dr. C. Vethirajan

Abstract :

The paper has made an attempt the Opinion of the investors regarding mandatory and voluntary disclosure of Indian Companies. Disclosures of the annual report submitted by companies are divided into two mandatory disclosure and voluntary disclosure. Express mandatory disclosure of information is presented in the financial statements as set Securities and Exchange Commission. Voluntary disclosure conveys information provided voluntarily by companies outside the mandatory disclosure. Voluntary disclosure is a disclosure of information beyond the minimum requirements of the applicable capital market regulations. Financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Corporate accounting disclosure is of great significance to accomplish financial accounting objectives as well as to contribute to the efficient allocation of resources through healthy economic decisions. The disclosure of accounting practices have developed in accordance with the changing economic, political, technological and social environments to accomplish the objectives of financial reporting.