A Picture of Convergence of Accounting Standards with International Financial Reporting Standards Impact on Financial Performance & Position of TCS Company : Special Reference Period 2009 to 2020
Author(s):
Dr. Sushma Sharma, Ms. Jyoti Sharma
Keywords:
IFRS, AS, GAAP, IAS
Abstract
International Financial Reporting Standards (IFRS) set common rules so that financial statements can be consistent, transparent, and comparable around the world. IFRS are issued by the International Accounting Standards Board (IASB). They specify how companies must maintain and report their accounts, defining types of transactions, and other events with financial impact. IFRS were established to create a common accounting language so that businesses and their financial statements can be consistent and reliable from company to company and country to country. The paper is based on the IFRS Convergence period started the period 1990 in India and other developing countries. In this paper I have find out it what are the basic improvement during the convergence periods of Accounting System and IFRS. We analysis it the basic impact on the performance of TCS Company financial performance. Therefore we have divided the 12 year period into two parts (6 year before/6 year after) & we have used it T – TEST method for the finding of the improvement during 12 years. The paper are divided into the following content (1) Introduction (2)Review of Literature (3) Objectives of Research (4) Research methodology (5) An Empirical Analysis of Selected Financial Ratios of TCS Company (6) findings (7) References
Article Details
Unique Paper ID: 151697

Publication Volume & Issue: Volume 8, Issue 1

Page(s): 552 - 557
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