Reflections on Implementation of International Financial Reporting Standards (IFRS) in the Indian Banking Industry

Nayak, Samrudha; Patnaik, B. Chandra Mohan; Satpathy, Ipseeta

doi:10.13189/ujaf.2020.080407

Cited by 4 publications

(3 citation statements)

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“…Small enterprises must report to regulators, pay taxes, and follow accounting requirements. Financial accounting knowledge ensures these standards be accomplished without costly mistakes or fines (Nayak, Patnaik, & Satpathy, 2021). It also helps get financing.…”

Section: Review Of Literaturementioning

confidence: 99%

Financial Literacy and Understanding for Individuals or Small Business Owners in the Framework of Financial Accounting

Nazneen

2023

JCFMBS

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This Study Examines Financial Accounting's Development And Impact On Corporate Decisions. We Show The Flow Of Financial Data From Journal Entries To Important Financial Statements, The Profit And Loss Account, And The Balance Sheet Using A Graphic Flowchart. We Examine How Financial Analysis Affects Business Reporting And Choices. The Flowchart Helps Explain Financial Accounting's Complexities. Financial Accounting's Key Steps Are Shown In The Flowchart. We Noticed That Transactions Begin In The Journal. These Entries Are Combined In The Ledger To Show Account Balances Vividly. Revenues And Costs Determine The Net Profit Or Loss In The Profit And Loss Account. A Company's Assets, Liabilities, And Equity Are Shown On The Balance Sheet Immediately. Their Relationship Shows The Balance Between Financial Stability And Profitability. Financial Analysis Is Vital To Decision-Making. Organizations May Assess Their Financial Health And Plan Forward By Reviewing Their P&L And Balance Sheet. This Study Concludes That Financial Accounting And Analysis Are Crucial To Company Choices.

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Section: Review Of Literaturementioning

confidence: 99%

Financial Literacy and Understanding for Individuals or Small Business Owners in the Framework of Financial Accounting

Nazneen

2023

JCFMBS

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“…This transformation aims to transfer additional coverage of investment risk in the context of the flatness of financial markets. Government regulators are carrying out pension reforms and are also seeking to move corporate dangers to the individual level, which indicates the transformation of the pension services sector under the influence of convergence processes [15].…”

Section: Ias 16 P 29mentioning

confidence: 99%

The Process of Forming Accounting Policies of Ukrainian Enterprises by International Financial Reporting Standards

Panasyuk¹,

Овсюк²,

Volchek³

et al. 2021

ujaf

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“…A study of liquidity management risks is widely disclosed in the works and mathematical models of T. Barnhill and L. Schumacher [2]. In addition, an important role in the study of technical approaches to the formation of bank liquidity is based on the study of institutional changes as a result of changes in the growing riskiness of banking operations [9,16,22].…”

Section: Literature Reviewmentioning

confidence: 99%

Introduction of NSFR Ratio in the Activities of Commercial Banks in Ukraine

Dziamulych¹,

Шматковська²,

Krupka³

et al. 2021

ujaf

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Reflections on Implementation of International Financial Reporting Standards (IFRS) in the Indian Banking Industry

Cited by 4 publications

References 0 publications

Financial Literacy and Understanding for Individuals or Small Business Owners in the Framework of Financial Accounting

Financial Literacy and Understanding for Individuals or Small Business Owners in the Framework of Financial Accounting

The Process of Forming Accounting Policies of Ukrainian Enterprises by International Financial Reporting Standards

Introduction of NSFR Ratio in the Activities of Commercial Banks in Ukraine

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