ANALYSIS OF INTERNATIONAL FINANCIAL REPORTING STANDARDS AND IT S FINANCIAL CONSEQUENCES

Abstract

The study is significant as it evaluates the impact or otherwise of I.F.R.S. implementation on various financial activities of Indian companies, particularly in a situation when the implementation of I.F.R.S. is not compulsory in India. So far, there is simply a solitary study in India as sample country in relation to banking industry that too being descriptive in nature, it does not empirically test implication of I.F.R.S. s on the banking industry. In such a case, the current study, gain an edge to the Indian state of affairs. newline