Paper Title
International Financial Reporting Standards: Opportunities for Indian Universities
Abstract
Globalization requires theoretically sound, simple, globally accepted harmonized accounting or financial reporting standards permitting use of one accounting report everywhere in the world. It needs conceptual framework, legal and regulatory framework and institutional framework. Now International Financial Reporting Standards (IFRS) have been accepted by 83% of the globe. Rest is likely to accept it soon. The universal acceptance of IFRS opens up great opportunities in the field of education, training and research based on IFRS theory and practice. India will be the youngest nation in the ageing world to seize this opportunity to export IFRS related skilled manpower to the world. The present paper lists 21 opportunities for education and training 16 research opportunities related to IFRS.
Index Term - IFRS, Ind-As, Indian Universities