A Study of Differences in Financial Performance under Indian GAAP and IFRS: Case of Noida Toll Bridge Company Limited

Abstract

The use of a single set of high quality accounting standards would facilitate investment and other economic decisions across borders, increase market efficiency, and reduce the cost of raising capital, in these aspects IFRS is the best set of accounting standards which have been adapted by 115 countries all over the world. In this article investigators considered the impact of convergence with IFRS on stamen of financial position of Nodia Toll Bridge Company Limited for the year2010, we considered the effect of transition to IFRS as well asratio of changes between each item by using of:Ratio = (x2-x1)/x1 X 100 So after finding the ratio of changes we start to find the reason of these changes through the comparing between IFRS and Ind AS.