Adoption of International Financial Reporting Standards (IFRS) in Accounting Curriculum in India-An Empirical Study
Archana Patro,V. K. Gupta +1 more
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In this article, the authors investigate the perception of IFRS among Indian management students and assess the level of planning for adopting the standards and also assist management schools and universities with decisions regarding adopting IFRS in Indian Accounting curriculum.Abstract:
The Institute of Chartered Accountants of India (ICAI) has announced its decision to adopt IFRS in India with effect from 1 April, 2011. The standards will have a significant impact on capital markets but students and investors know remarkably little about these standards. Many European countries shifted to IFRS as early as 2005. They are ahead of India in including IFRS in the curriculum for students. An understanding of Indian Generally Accepted Accounting Principles (GAAP) and IFRS standards is an urgent need for today's students. Therefore, by investigating the perception of IFRS among Indian management students, this study aims to assess the level of planning for adopting the standards and also assist management schools and universities with decisions regarding adopting IFRS in Indian Accounting curriculum. According to the empirical results of the study, the adoption of IFRS mainly depends on the need and interest among students to understand the subject. If students are knowledgeable about the positive impact of the course, they are more likely to take these courses when management colleges or universities offer them. Further, successful integration to the course also depends upon efficient training of instructors, use of appropriate pedagogy and availability of relevant reading materials.read more
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The Pathway of Transition to International Financial Reporting Standards (IFRS) in Developing Countries: Evidence from Indonesia
Agus Fredy Maradona,Parmod Chand +1 more
TL;DR: In this paper, the authors examined the dynamics of accounting standard development in Indonesia with emphasis on the process of convergence of the country's national accounting standards and International Financial Reporting Standards (IFRS).
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Incorporating International Financial Reporting Standards (IFRS) into Accounting Curricula: Perceptions of Undergraduate Accounting Students in Saudi Universities
TL;DR: In this article, the authors examined the perceptions of accounting students in Saudi Arabia on the extent of incorporating IFRS into accounting curricula in undergraduate accounting programs in Saudi universities after the mandatory implementation of IFRS in 2017.
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Factors affecting the adoption of International Accounting Standards (IAS): Empirical evidence from Bangladesh
TL;DR: In this paper, the influential factors of adopting International Accounting Standards (IAS) in the banking industries of Bangladesh are found. This study is based on two-stage least-squares method f...
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Impact of ambiguity tolerance and tertiary education on professional judgment
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IFRS integration into accounting curriculum: Undergraduate accounting students’ perceptions in JakartaAbstract
TL;DR: In this article, the authors analyze the empirical evidence about the difference perceptions of IFRS into accounting curriculum integration between female students with male students, and students who are under or equal to 20 years with a student over the age of 20 years.
References
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Classroom Learning and Motivation: Clarifying and Expanding Goal Theory
TL;DR: This article pointed out areas in which attention to definition of constructs and to problems in classroom implementation would strengthen the field of goal theory and made suggestions for use of different sampling techniques and designs and introducti
First-TimeAdoption of IFRS, Managerial Incentives, andValue-Relevance: Some French Evidence
TL;DR: In this article, the authors investigate whether and how managerial incentives influence the decision to elect optional exemptions when first adopting International Financial Reporting Standards (IFRS) and examine the value-relevance of the mandatory and optional equity adjustments that must be recognized as a result of the first-time adoption of IFRS.
Journal ArticleDOI
First-Time Adoption of IFRS, Managerial Incentives, and Value-Relevance: Some French Evidence
TL;DR: In this paper, the authors investigated whether and how managerial incentives influenced the decision to elect optional exemptions when first adopting International Financial Reporting Standards (IFRS), and examined the value-relevance of the mandatory and optional equity adjustments that must be recognized as a result of the first-time adoption of IFRS.