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WHY IFRS ?

BALU.... (CCI STUDENT....) (44614 Points)

08 January 2010  

As capital markets become increasingly global and India emerges as an economic superpower, it is becoming increasingly important for Indian corporations to adopt international reporting standards in order to rank pari passu with corporations the world over. IFRS not only brings transparency over the financial statements but also gives increased investor confidence. As with any regulatory change, IFRS conversion presents an opportunity to increase your credibility, not to reduce it. The transformation presents an opportunity to streamline its operations. The attitude adopted towards the conversion, would eventually decide whether the organization is able to seize the opportunity arising from the transformation.

IFRS conversion can only be performed by professionals who have expertise in both Indian and International standards. Also, the engagement team should have adequate knowledge of the taxation to understand the impacts. In addition, adequate resource needs to be allocated to understand the IT systems to incorporate the changes in accordance with IFRS.

At A Cube, we take the transitional phase as very crucial for a business and therefore, we bring with us a team of professional managers who are well trained in international environment and are also well qualified. The professionals also assist you not only with the financial perspective but also taxation and IT system.


 6 Replies


(Guest)

बहुत अच्छा, धन्यवाद

sanjeev (student CA CS) (295 Points)
Replied 20 January 2011

Nice article ,  THANKX SIR

raj kumar (articels) (27 Points)
Replied 14 February 2011

thank u sir

Osama J. Q (IPCC / S.Y.Bcom Student)   (322 Points)
Replied 14 February 2011

Thanku for sharing...

raghavendhra reddy (ca ipcc) (79 Points)
Replied 04 July 2012

thanks sir

Rahul Bansal (Finalist) (35924 Points)
Replied 29 August 2012

Originally posted by : Member (Account Deleted)
बहुत अच्छा, धन्यवाद


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