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https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/14657
Title: | Cost-Benefit Analysis of Convergence with IFRS |
Authors: | Aruna Saini Ramdhan Saini |
Keywords: | Accounting standard comparability consistency convergence reliability and uniformity |
Issue Date: | 2014 |
Publisher: | Journal of Banking Information Technology and Management |
Abstract: | In the present era of globalization uniform accounting standards for global business are generally expected. The International Accounting Standard Committee (IASC) is committed to fulfil this expectation by developing a single set of standards for reporting financial statements, i.e. IFRS . The benefits that would flow from convergence with IFRS would be the high degree of reliability, relevance and comparability of international financial information and uniformity in quality of financial reporting across national borders. Th e objective of this study is to present a short review of the costs and benefits of convergence of accounting standards with IFRS .This paper discusses that adoption of IFRS is going to be very challenging and quite surprisingly rewarding al so. The vision of a global accounting convergence may inspire many minds but practically it is hard to go about embracing a situation where accounting principles and procedures are perfectly harmonized among countries throughout the world |
URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/14657 |
Appears in Collections: | Articles to be qced |
Files in This Item:
File | Size | Format | |
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Cost-Benefit Analysis of Convergence with IFRS.pdf Restricted Access | 3.11 MB | Adobe PDF | View/Open Request a copy |
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