Abstract

http://ssrn.com/abstract=1245962
 


 



Relevance, Issues & Importance of Accounting Standards


Vrajlal K. Sapovadia


SBS Jaipur

August 21, 2008


Abstract:     
Financial statements are prepared to summarize all business activities by an enterprise during an accounting period in monetary terms & report financial outcomes in terms of performance, status of assets, liabilities & flow of cash. These business activities vary from one enterprise to other on one hand and size & volume of business on the other hand. To compare the financial statements of various reporting enterprises poses some difficulties because of the divergence in the methods and principles adopted by these enterprises in preparing their financial statements. In order to make these methods and principles uniform, comparable, transparent, establish accountability and bring true & fair view of Financial Statement - Accounting Standards are evolved. This article discuss relevance, importance, applicability & content of Indian Accounting Standards till this date.

Number of Pages in PDF File: 13

Keywords: Accounting Standard, Indian GAAP

JEL Classification: M41, M44, M47

working papers series


Download This Paper

Date posted: August 22, 2008  

Suggested Citation

Sapovadia, Vrajlal K., Relevance, Issues & Importance of Accounting Standards (August 21, 2008). Available at SSRN: http://ssrn.com/abstract=1245962 or http://dx.doi.org/10.2139/ssrn.1245962

Contact Information

Vrajlal K. Sapovadia (Contact Author)
SBS Jaipur ( email )
Opp. Vral Gardens, Off S. P. Ring Road
Shela
Ahmedabad, GA Gujarat 380058
India
HOME PAGE: http://www.shantibschool.edu.in
Feedback to SSRN


Paper statistics
Abstract Views: 6,026
Downloads: 829
Download Rank: 14,711

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.218 seconds