• Usha Rajendra Pillewar
• Dr Sunit G Metre

The need for standard common accounting standard has been felt since the companies have been started working internationally. The international efforts in setting these uniform accounting standards lead to the International Financial Reporting Standards. As we know that India has been the first preferred destination for FDI. Many Indian companies have become global especially after the liberalization policy of the central government in 1991-92. It has therefore become necessary to review the status of IFRS implementation in India and especially in Vidarbha based industries. Any new system brings difficulties and challenges in its adoption with the advantages. The researcher therefore felt the need to understand the implementation status of IFRS in India. Apart from this in our country there are various laws for different sectors and companies. Hence the researcher tried to focus on the IFRS implementation for various sectors and different types of companies. The present study will enable in understanding the various issues obstructing the IFRS implementation, the road map and the utilization of the benefits of IFRS convergence by the Indian companies.

GAAP, IFRS, Uniform Accounting Standards, IAS

"STUDY OF IFRS IMPLEMENTATION FOR DIFFERENT SECTORS AND COMPANY -TYPES IN INDIAN COMPANIES WITH REFERENCE TO VIDARBHA BASED INDUSTRIES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 8, page no.564-570, August-2018, Available :http://www.jetir.org/papers/JETIR1808722.pdf

"STUDY OF IFRS IMPLEMENTATION FOR DIFFERENT SECTORS AND COMPANY -TYPES IN INDIAN COMPANIES WITH REFERENCE TO VIDARBHA BASED INDUSTRIES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 8, page no. pp564-570, August-2018, Available at : http://www.jetir.org/papers/JETIR1808722.pdf