Convergance of Indian accounting standards with IFRS

PATEL, BHAUTIK A

Convergance of Indian accounting standards with IFRS Prospects, difference and challenges - 2014 - 101-108

Now a day's International financial reporting standards is buzz word and burning issue for implementation. Each country had its own rules and regulation besides generally accepted accounting practices for depicting financial statement. In time ofglobalization each company wants to grasp the opportunity at global level it is very hard to understand numbers and take decision for stakeholders and management.

ACCOUNTING

657

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