IFRS and Indian Business Environment
What kind of impact IFRS is going to create in Indian business environment? Indian business environment will face sea of changes when Indian corporates will adopt IFRS in 2011. IFRS conversion requires fundamental change on multiple levels, can take up to several years, and affects virtually every function within an organization. Adopting IFRS is going to be very challenging but at the same time could also be rewarding. Indian corporates are likely to reap significant benefits from adopting IFRS. Improvement [...]
Adopt, adapt, accept, acquire IFRS
Indian business environment will face sea of changes when Indian corporates will adopt IFRS in 2011. IFRS conversion requires fundamental change on multiple levels, can take up to several years, and affects virtually every function within an organization. Adopting IFRS is going to be very challenging but at the same time could also be rewarding. PIRON believes Indian corporates are likely to reap significant benefits from adopting IFRS. Improvement in comparability of financial information and financial performance with global peers [...]
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