Impact of Ind AS (IFRS) on Fair Value Disclosure of Derivative Financial Instruments (DFIs) in India
Downloads
Derivative financial instruments (DFIs) may play an important role in near crumble or bankruptcies if it is not managed and priced properly. To protect the interests of the stakeholders, fair value accounting has become a relevant field of International Financial Reporting Standards (IFRS) for DFIs. In India, Indian Accounting Standard has been replaced by Ind AS (IFRS) on 1st April 2016. This study aims to determine the effect of fair value on DFIs in Indian corporate annual reports at the backdrop of introduction of IFRS (Ind As) in India. The study also looks at whether DFIs' degree of fair value disclosure is linked to their size, listing status, leverage, and other factors. This research would be extremely beneficial to corporate executives and stakeholders.
Achalapathi, K. V., & Sireesha, P. B. (2015). Impact of IFRS adoption on financial statements of select Indian companies. Osmania Journal of International Business Studies , 10 (1), 21-33.
Arshad, R., & Ismail, R. (2011). Discretionary Risks Disclosure:. Asian Journal of Accounting and Governance: A Management Perspective , 2, 67-77
Bajaj, N., Singh, H., & Shirur, S. (2019). Adoption of International Financial Reporting Standards(IFRS) in Accounting Curriculum in India. International Journal of Innovative Technology and Exploring Engineering (IJITEE) , 8 (7S2), 208-218.
Cairns, D., D, M., R, T., & Tarca, A. (2011). IFRS fair value measurement and accounting policy choice in the United Kingdom and Australia. The British Accounting Review , 43, 1–21.
Dhankar, R. S., Chaklader, B., & Gupta, A. (2018). Application of IFRS/Ind AS in Indian Public Sector Banks: An Analysis. Universal Journal of Accounting and Finance , 6 (2), 29-46.
Ernst & Young (2006); Risk Investor Survey Report http://www.ey.com/global/ssets.nsf/international/Global_Risk_investor_Survey_Report/$file; Accessed on: 29.03.2008
Gope, A. (2014). Indian Equity Derivative Market. international Journal of business and Management , 2 (6), 115-124.
Greenspan, J. (1997). Financial Futures and Options in Indian Perspective. Jaico Publishing House.
Huan, X., & Parbonetti, A. (2019). Financial derivatives and bank risk: evidence from. Accounting and Business Research eighteen developed markets , 2159-4260.
Kalra, N., & Vardia, S. (2016). The Impact of IFRS on Financial Statements:A Study of Indian Listed Companies. Pacific Business Review International , 9 (5), 31-40.
Kamath, R., & Desai, R. (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 , 13 (3), 25-36.
Kaur, J. (2013). The Fairness of the Fair Value Concept. International Journal of Business and Commerce , 3 (3), 1-10.
Kingsley, O. O., Gina, O., & Vivian, O. (2014). A Comparative Study of Accounting Standards in Nigeria, United Kingdom and United States of America. IOSR Journal of Economics and Finance , 3 (2), 1-7.
Landsman, W. (2007). Is financial accounting information relevant and reliable? Evidence from capital market research. Accounting and Business Research (Special issue), 19=30.
Mitra, G. & Gope, A. (2013). IFRS on Derivative Financial Instruments. DBM Social Science Reporter , 1 (1), 12-19.
Prabhakara, T. (2013). Derivatives, Hedge Accounting Disclosure And Impact On Indian Financial Market. Golden Research Thoughts , 3 (3).
Selvam, V., & Rita, S. (2011). Financial Derivatives - Real Challenges in India. Advances In Management , 4 (1), 20-23.
Skoda, N., & Slavikova, G. (2015). Fair value measurement after financial crunch. Procedia - Social and Behavioral Sciences , 213, 241 – 247.
Stulz, R. (2004). Should We Fear Derivatives? Journal of Economic perspectives , 18 (3), 173-192.
Vashishtha, A., & Kumar, S. (2010). Development of Financial Derivatives Market in India- A Case. International Research Journal of Finance and Economics (37), 15-29.
Venkatachalam, M. (1996). Value relevance of banks' derivatives disclosures. Journal of Accounting & Economics , 22, 327-355.
Varma, J. R. (2008). Derivatives and Risk Management, McGraw Hill Companies, New Delhi. Model Sum of Squares df Mean Square F Sig.
