International Journal of Educational Research and Development

International Journal of Educational Research and Development


International Journal of Educational Research and Development
International Journal of Educational Research and Development
2019, Vol. 1, Issue 4
Awareness & perception of chartered accountants & tax practitioner for the adoption of IFRS in Vijayapur districts

Dr. Jayashree R Kotnal

In the present era of globalization, more than 3600 multinational companies are establishing their businesses in the different sectors in India. These Indian business firms are presenting financial statements as per IFRSs, Indian GAAPs, USGAAPs, Japan GAAP, etc., With a view to avoid this kind of inconvenience, the accounting bodies across the world are working towards a standard set of accounting policies, valuation norms and disclosure requirements. In this scenario there is a requirement of transition from Indian GAAP to IFRS for India in all the sectors. An upcoming economy on world economic map, India, too, decided to converge with IFRS by developing a standard called Indian AS. The purpose of the present paper is to know the awareness & perception of chartered accountants & tax practitioner for the adoption of ifrs in vijayapur districts in India and to know the impact of IFRS Convergence on Different Sectors. The researcher found that the different ways of understanding about IFRS and the results shows that there is a high requirement of knowledge as well as training towards IFRS and also results shows that a Lot of positive response from the different sectors towards the implementation process.
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How to cite this article:
Dr. Jayashree R Kotnal. Awareness & perception of chartered accountants & tax practitioner for the adoption of IFRS in Vijayapur districts. International Journal of Educational Research and Development. 2019; 1(4): 01-06.