Adaptability of Indian Accounting Standards in HDFC Bank Ltd.
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Abstract
Indian Accounting Standards provides reliable and relevant information to the different stakeholders for their financial and investment decision making. Through the adoption of corporate disclosure practices, a proper recording and classification of economic and financial transactions in particular business can be followed in its truest manner.
In past research studies in the arena of corporate financial disclosure, researchers have investigated the manner of disclosure in various corporate sectors. Through this research, Efforts may be executed to check these variations and their ill-effects on stakeholder’s interests. The main objective of various Accounting Standards Issued by The Institute of Chartered Accountants of India and also check the adaptability status of the company. This research study was based on the secondary data derived from the annual financial disclosure presented by the corporate sector. The research design for this study was descriptive as well as analytical.
The result of the study was that HDFC Bank Limited does not focus on adopted in Accounting Standards. HDFC Bank Limited is a company that did not deliberately follow most of the accounting standards and the company not adopting proper Indian Accounting Standards
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References
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