Impact of International Financial Reporting Standards. Implementation on Financial Performance of Indian Companies

      Аннотация: The growing international shareholding and trade forced organizations and Chartered Accountants to design a common global accounting language. As a consequence, the International Financial Reporting Standards (IFRS) were designed as a common global accounting language for business affairs so that company accounts are understandable and comparable across international boundaries. The IFRS is particularly important for companies that have dealings in several countries to reflect true and fair view of the business affairs. Many countries use or are moving towards using the IFRS, which were established and maintained by the International Accounting Standards Board (IASB). The IFRS began as an attempt to harmonize accounting across the European Union and spread quickly the entire world. The main objective of the study is to analyse the impact of IFRS implementation on Financial Performance of select Indian companies. However, in order to give direction to the study the following specific objectives are set forth.

Ключевые слова: shareholding, Organizations, Accounting, International Financial Reporting Standards, (IFRS), global accounting, business affairs, company, business, financial performance