ISSN 0798 1015


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Vol. 41 (Issue 31) Year 2020. Art. 15

Received: 23/05/2020 • Approved: 28/07/2020 • Published 20/08/2020

Impact of Indian Accounting Standards (Ind-AS) on financial statements: an assessment

Impacto de las normas de contabilidad india (Ind-AS) en los estados financieros: una evaluación

DAS, Kamala K. 1
DAS MOHAPATRA, Arka K. 2

Abstract
This study was undertaken to assess the impact of Indian Accounting Standards (Ind-AS) on the financials of select Indian industries in comparison to what they were under the previously practiced Indian GAAP. The impact of Ind-AS on financial statements were examined by using the differential impact and dimensional impact on 38 items (variables) of balance sheet, 12 items of profit and loss account, and 12 financial ratios.It revealed that Ind-AS has a mixed impact on the financial statements of Indian companies.
key words: Dimensional impact, Differential impact, financial indicators, I-GAAP, Transition, Ind-AS

Resumen
Este estudio se realizó para evaluar el impacto de las normas de contabilidad indú(Ind-AS9 en las finanzas de industrias indúseleccionadas en comparación con lo que estaban bajo los PCGA indúpracticados anteriormente. El impacto de Ind-AS en los estados financieros se examinó utilizando el impacto diferencial y el impacto dimensional en 38 ítems (variables) del balance general, 12 ítems del estado de pérdidas y ganancias y 12 ratios financieros. Reveló que Ind-AS tiene un impacto mixto en los estados financieros de las empresas indias.
Palabras clave: Impacto dimensional, impacto diferencial, indicadores financieros, I-GAAP, transición, Ind-AS


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1. Senior Research Fellow, Department of Business Administration.Sambalpur University, Jyoti Vihar, Sambalpur- 768019, Odisha, India.kamal.papun@gmail.com,   ORCID-0000-0003-3946-1296

2. Professor.Department of Business Administration. Sambalpur University, Jyoti Vihar,Sambalpur- 768019, , Odisha, India. akdm.2002@gmail.com, ORCID-0000-0003-2085-6992


Revista ESPACIOS. ISSN 0798 1015
Vol. 41 (Nº 31) Year 2020

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