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First Time IFRS Convergence in India: Impact on Key Accounting Measures and Accruals Quality

SCMS journal of Indian management, 2021-10, Vol.18 (4), p.44-56 [Peer Reviewed Journal]

Copyright School of Communication & Management Studies Oct-Dec 2021 ;ISSN: 0973-3167

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  • Title:
    First Time IFRS Convergence in India: Impact on Key Accounting Measures and Accruals Quality
  • Author: Rajpurohit, Punita
  • Subjects: Accounting policies ; Accounting procedures ; Asymmetry ; Book value ; Developing countries ; Disclosure ; Earnings per share ; Economic theory ; Equity ; Financial statements ; International Financial Reporting Standards ; LDCs ; Macroeconomics ; Net income ; Profitability ; Profits ; Revenue recognition
  • Is Part Of: SCMS journal of Indian management, 2021-10, Vol.18 (4), p.44-56
  • Description: The European Union's experience of IFRS adoption reveals that it has a significant impact on the key accounting measures and accruals quality. In India, IFRS convergence took place in a phased manner with the implementation of the Indian Accounting Standards (Ind AS) from 1st April 2016. This study examines phase 1 and phase 2 of Ind AS implementation. The firms under both phases are different in terms of size and net worth. The study finds significant differences in the response to the accounting policy changes after Ind AS implementation in both phases. In phase 1, firms are not as responsive to Ind AS changes as the firms in phase 2. The same is reflected in the sub-sample analysis also. However, the study could not find any insights about the impact of Ind AS on accruals quality. The findings have implications for academic researchers, standard setters, analysts, and investors.
  • Publisher: Kochi: School of Communication & Management Studies
  • Language: English
  • Identifier: ISSN: 0973-3167
  • Source: AUTh Library subscriptions: ProQuest Central
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