A Study of the Effects of Transition To IND AS on Selected Phase I PSUs

Authors

  • Agnishwar Basu Research Scholar University of North Bengal Siliguri
  • Debabrata Mitra Professor and Head, Dept. of Commerce University of North Bengal Siliguri

DOI:

https://doi.org/10.33516/maj.v54i4.14-19p

Abstract

India’s road towards IFRS was undertaken through convergence. In the first phase, around 350 companies adopted the newly introduced IFRS-based Ind AS for preparing financial statements. Ind AS theoretically differs from the old Indian GAAP in many aspects including valuation and classification. We take an empirical-analytic approach to evaluate whether adoption of Ind AS at all made a difference to the financial reporting of the first phase adopters among the PSUs. Our early-bird approach brings out that unlike private sector, financial statements of PSUs did not have a significant impact of the transition.

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Published

2019-04-01

How to Cite

Basu, A., & Mitra, D. (2019). A Study of the Effects of Transition To IND AS on Selected Phase I PSUs. The Management Accountant Journal, 54(4), 14–19. https://doi.org/10.33516/maj.v54i4.14-19p

Issue

Volume 54, Issue 4, April 2019

Section

Cover Story
Crossref
Scopus
Google Scholar
Europe PMC

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