STATUS OF IFRS IMPLEMENTATION AND EFFECTS ON SME IN VIDARBHA BASED INDUSTRIES
1
Author(s):
USHA RAJENDRA PILLEWAR
Vol - 6, Issue- 8 ,
Page(s) : 73 - 81
(2015 )
DOI : https://doi.org/10.32804/IRJMST
Abstract
The need of common standard accounting system has been felt for over last 3 decades and it is more relevant due to globalization. India planned IFRS implementation in phased manner from 2011. However the target dates could not be met. Though there are many aspects in favor of IFRS, these also bring in some challenges and problems.
- Anila Chandran V and Anil PS, “Convergence to IFRS”, Accounting world July 2009 (page 13)
- Ankita Kathiriya, Assistant Professor, Shree Leuva Patel Trust MBA Mahila College, Amreli, India, Challenges in IFRS convergence in SMEs in India
- C. R. Kothari, Methodology- Controls & Techniques: 2nd edition , New Age International Publishers
- Carmona, S. and M. Trombetta, The IASB and FASB convergence process and the need for ‘concept- based’ accounting teaching. 2010, Advances in International Accounting 26(1): 1-5
- D. N. Elhance, Veena Elhance,B. M. Agrawal,Fundamentals of Statistics: Kitab Mahal, Allahabad, 2008 Edition,
- Dr. U. V. Panchal, Vice-Principal, Deogiri College, Aurangabad IFRS – Opportunities and challenges before India
- Epstein, B. J. 2009. The economic effects of IFRS adoption, The CPA Journal (March): 26-31.
- International Financial Reporting Standards (IFRS), An AICPA Backgrounder
- International GAAP® 2009. Ernst & Young. By: Chichester, Wiley, (Online at: whttp://www.wiley.com/legacy/igaap09)
- P. Saravanavel, Research Methodology, Kitab Mahal, Allahabad ,First edition, 1987, pg.57, 58
- Ram Ahuja “Research Methodology” , Rawat Publications-Jaipur and New Delhi, 2001 edition
- RSM Astute Consulting Group, Mumbai, IFRS in India- Key Aspects
- SK Chaudhary and KR swain, “IFRS” , Accounting world March 2009 (page 19)
- The CPA Journal 78(9) 11-12,"When Accounting Finally Becomes Global,"
- Vandana Saxena Poria, IFRS implementations and challenges in India, Get Through Guides, Published in MEDC Monthly Economic Digest – August 2009
|