INTERNATIONAL FINANCIAL REPORTING STANDARDS

(IFRS)

A seminar presentation submitted

In

CO101: ADVANCED FINANCIAL MANAGEMENT

Department of CommerceGoa University

2009

Sr.No

Roll No.

Name Topic covered Pg.Nos

Sign

1.

13-2009

Lorraine Rayelle Gomes

Introduction IFRS

(Background)Need for IFRS in India Is IFRS to our

Advantage

1 - 5

2.

05-2009

Bena Jessia D’costa Global Convergence Convergence by

different countries

Status of Accounting Convergence in India

6 - 8

3.21-2009

Pankaj. M. Mangeshker

IFRS v/s Indian GAAP

9 - 14

4.35-2009

Pritam .S. Salkar Standard-wise Comparison

15 - 20

5.

26-2009

Priya Upendra Naik Opportunities for India Inc

Challenges in IFRS Implementation

23 - 27

Contents

Chapter No.

Chapter Pg. Nos.

1. Introduction IFRS (Background)

1 – 32

2. Need for IFRS in India Is IFRS to our Advantage

4 - 55

3. Global Convergence Convergence by different

countries Status of Accounting

Convergence in India

6 – 86

8

4. IFRS v/s Indian GAAP A Standard-wise

Comparison

9 – 2015

5. Opportunities for India Inc. 21 - 226. Challenges in IFRS

implementation Conclusion

23 – 27

26

REFERENCES

Websites:

http://www.ifrs.com/ifrs_faqs.html#q3

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1245962.

http://www.icai.org/resource_file/1236announ1186.pdf

http://www.rediff.com/money/2008/dec/27guest-global-accounting-standard-challenges-india-faces.html.

http:/www.journalofaccountacy.com/Issues/2009/Apr/Preparerspointofview.html.

Magazines:

Y. Bala Bharathi, G. P. Mrudhula, (2009), IFRS – Is India Ready?, Treasury Management, Vol X/ Issue- 6, Pg 55 to 61.

N. S. Pandey, (2009), Global Convergence of Financial Reporting – An Insight, The Accounting World, Vol XII/ Issue- 5, Pg 35 to 42.

Salini K, (2009), Innovations in Accounting Standards- Bridging the Gap between GAAP and IFRS, The Accounting World, Vol XII/Issue 5, Pg 43 to 45.

Vineetha VK, (2009), Paradigm Shift to IFRS- How Effective will be the Mantra of IFRS to India?, The Accounting World, Vol XI/ Issue 4, Pg 19 to 22.

Debdas Rakshit, Sujit K Ghosh, (2009), Convergence with IFRS – A Hard Rock to Drill, The Accounting World, Vol XI/Issue 4, Pg 38 to 39.

SK Chaudhary, KR Swain, (2009), IFRS – A New Benchmark to Corporate Accounting, The Accounting World, Vol VII/ Issue 5, Pg 20 to 25.