IFRS AND INDIAN GAAP: A COMPARATIVE STUDY

When a new accounting standard adopt by a country for its own domestic companies for reporting their financial statement, it may be impact on the quantitative as well as qualitative attributes of financial statements. IFRS become a global reporting language. Therefore India is keen to adopt it and make it mandatory for its own interest. In this study, the main purpose is to make a parallel comparison between IFRS and Indian GAAP and documented the basic difference between these two standards. It helps to find out the effects of IFRS adoption on the financial statements and market value, prepared by Indian Companies. To find out the statistical significant of the above stated activities, proper statistical test (Wilcoxon Signed Rank, regression, correlation) has been applied.

当一国为境内企业编制财务报表而采用新会计准则时，该准则可能会对财务报表的定量与定性特征产生影响。国际财务报告准则（IFRS）已成为全球通用的报告语言，因此印度出于自身利益考量，积极推动采用该准则并将其强制实施。本研究的核心目的是对国际财务报告准则（IFRS）与印度公认会计原则（Indian GAAP）进行平行对比，并梳理二者间的基本差异，以此探究印度企业采用IFRS后对其编制的财务报表及市场价值产生的影响。为验证上述研究主题的统计学显著性，本研究采用了恰当的统计检验方法，包括威尔科克森符号秩检验、回归分析与相关性分析。