International Financial Reporting Standards (Ifrs) And Indian Accounting Practices Book

We are the largest exporter manufacturer and supplier of International Financial Reporting Standards (IFRS) and Indian Accounting Practices Book in Delhi India. The objective of accounting standards is the preparation of financial statements within the bounds of rationality thereby ensuring comparability of financial statements of different enterprises. This in turn provides meaningful information to various users of financial statements to enable them to make informed economic decisions. Recognizing the need for international harmonization of accounting standards the International Accounting Standards Committee (IASC) was established in 1973. It was later reconstituted as the International Accounting Standards Board (IASB). The objectives of IASC included promotion of the international accounting standards for worldwide acceptance and observance so that the accounting standards in different countries are harmonized. In recent years need for international harmonization of accounting standards followed in different countries has grown considerably as the cross-border transfers of capital are becoming increasingly common.