An Analytical Study on Recent Trends in Accounting: Focus on IFRS in  India’s Corporate Sector

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Author(s)	Rekha M K, Dr. Baldev Batra
Country	India
Abstract	The article describes the more information on Current accounting trends in India are significantly influenced by the implementation of Indian Accounting Standards (Ind AS), which align with International Financial Reporting Standards (IFRS). This change enhances financial transparency, comparability, and global integration, especially aiding large-scale and multinational companies. Although this transition improves data quality, it also presents challenges such as substantial implementation costs, intricate valuation techniques, and necessary regulatory adjustments.
Keywords	Accounting practices, IFRS adoption, India’s corporates, substantial implementation cost, Globule accounting.
Published In	Volume 3, Issue 2, February 2022
Published On	2022-02-16

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