소개글
[국제회계] 인도의 회계 시스템(영문)에 대한 자료입니다.
목차
1. National Accounting Background
2. Accounting Regulation System
3. Financial Reporting
4. IFRS and India
본문내용
< 2. Accounting regulation system >
●The act requires an audited balance sheet and profit and loss account,
approved by the board of directors.
(Indian accounting standards also require a cash flow statement.)
●An accompanying directors' report must address the state of affairs of the company, its material commitments, recommended dividends, and other information necessary for understanding the nature of the company's business and subsidiaries.
●The Institute of Chartered Accountants of India, established in 1949
●Chartered accountants were previously known as registered accountants and the institute was preceded by other organizations of professional accountants, such as the Society of Auditors, founded in Madras in 1927.
3. Need for IFRS
● Level of Confidence : The key benefit will be a common accounting system
that is perceived as stable, transparent, and fair to investors across the world,
whether local or foreign.
●Risk Evaluation : IFRS will eliminate barriers to cross-border listings and will
be beneficial for investors who generally ascribe a risk premium if the
underlying financial information is not prepared in accordance with
international standards.