IFRS-Converged IND Accounting Standards - Procedural Issues


  •   K. Kalavati Department of Commerce, IDSG Government First Grade College, Chikmagalur
  •   J. Madegowda Department of Commerce, Kuvempu University, Jnana Sahyadri, Shankaraghatta 577451 (Karnataka)




Accounting Standards, Carve-Outs, Convergence, IFRSs, IndASs.


The stakeholders of business enterprises are depending on the Financial Statements for the purpose of taking their decisions. These Financial Statements shall be prepared in accordance with the Accounting Regulations and Rules more so with the Accounting Standards. Due to the substantial improvement in the international contacts and dependence, the need for common set of Accounting Standards throughout the World called, International Financial Reporting Standards. India has made a beginning to converge its Accounting Standards with IFRSs. However, there are many challenges in the area of procedure of convergence. This paper makes an analysis of these issues together with other related aspects.




How to Cite

Kalavati, K., & Madegowda, J. (2012). IFRS-Converged IND Accounting Standards - Procedural Issues. Adarsh Journal of Management Research, 5(2), 29–35. https://doi.org/10.21095/ajmr/2012/v5/i2/88340