Impact of Convergence with IFRS on Selected Pharmaceuticals Companies in India

Amrutha Pavithran, Murugesan Selvam, Isaiah Onsarigo Miencha, Gayathri Jayapal and Chinnadurai Kathiravan

This research paper proposes to analyse the impact of International Financial Reporting Standards (IFRS), on pharmaceutical companies. A graphical representation of its impact on the key performance indicators, after converging with IFRS, is presented in this paper. This study compared the financial ratios, prepared by using IGAAP and IFRS, on the date of transition, i.e. 1st April 2016, using Wilcoxon Signed Ranked Test. The study has exhibited significantly positive impact on most of the ratios under IFRS, when compared to those derived under Indian GAAP.

Volume 12 | 04-Special Issue

Pages: 183-191

DOI: 10.5373/JARDCS/V12SP4/20201480