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The Impact of IFRS Adoption on the Financial Activities of Companies in India: An Empirical Study

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  • Rahul Kamath
  • Ruchir Desai

Abstract

With increasing globalization and integration of capital markets, the world is fast adopting a single language of financial reporting, i.e., International Financial Reporting Standards (IFRS). More than 100 countries have adopted IFRS and many others have given their consent to adopt IFRS in the near future. India is in line to converge with IFRS. This paper investigates the impact of IFRS adoption on financial activities of Indian companies by using a sample of eight companies for three years, 2010-11 to 2012-13. The study considers four areas of financial activity, i.e., financial risks, investment activities, operating activities and debt covenants. The results reveal that the financial indicators, investment activities and operating activities have been significantly affected by the adoption of IFRS, while financial risks and debt covenants fail to show a statistically significant impact.

Suggested Citation

  • Rahul Kamath & Ruchir Desai, 2014. "The Impact of IFRS Adoption on the Financial Activities of Companies in India: An Empirical Study," The IUP Journal of Accounting Research and Audit Practices, IUP Publications, vol. 0(3), pages 25-36, July.
    • Handle: RePEc:icf:icfjar:v:13:y:2014:i:3:p:25-36
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    Cited by:

    1. Dana Kubickova & Irena Jindrichovska, 2016. "Comparability and Reliability of Financial Information in the Sector of Czech SMES (ten years of IFRS as a part of Czech accounting context)," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 64-77.

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