Explain should india adopt ifrs

Assignment Help Financial Accounting
Reference no: EM132592605

One reason given by the Chairman of the FASB for not continuing with the convergence project was that the inconsistent implementation across the world. Due to cultural, business, and economic differences in different countries and regions, it is challenging to achieve true comparability within IFRS. In January 2013, the Institute of Chartered Accountants in India set out their status regarding the convergence with IFRS.

Question 1: Should India adopt IFRS? Apply both the push factors and obstacles to full harmonization to the Indian situation and reach your own conclusion.

Reference no: EM132592605

Questions Cloud

Explain the translation gain or loss in terms of changes : Current rate method and the temporal method. Explain the translation gain or loss in terms of changes in the value of exposed accounts.
Prepare the journal entries that JustKitchens would make : JustKitchens Inc. provides services to restaurants and hotels. Prepare the journal entries that JustKitchens would make over the life of the contract
Future of health care in population health model : Define how technology will impact the future of health care in population health model.
Anatomy and physiology : We will cover every body system in this course and Anatomy and Physiology II.
Explain should india adopt ifrs : Explain Should India adopt IFRS? Apply both the push factors and obstacles to full harmonization to the Indian situation and reach your own conclusion.
What is the difference between the national deficit : What is the difference between the national deficit and the national debt? Do you think having a large national debt is a problem for the economy?
How should Loud account for this contract modification : On January 1, 2017, Loud Company enters into a 2-year contract with a customer for an unlimited talk, How should Loud account for this contract modification
Monopolistically competitive market : With practical examples, explain how firms that operate in monopolistically competitive market and oligopolistic market use non
Feature of the anatomy and physiology revealed software : What are your initial impressions of the McGraw-Hill website? What is the most interesting or helpful feature of the Anatomy and Physiology Revealed software?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd