• Diptendu Simlai

The main goal of this research is to analyze the effects of IFRS adoption on key financial factors by Indian companies at the end of the recession. The study explores the influence of IFRS. The report uses an creative approach called the 'same year-long project' approach for testing (2011-12) to explain this effect. Gray Index was used to assess the effect of IFRS adoption on the financial ratios of six Indian firms while the Paired sample t test was used to test the statistical importance of the mean difference between the IFRS ratios and the IGAAP. The research key results are that IFRS adoption has had a negative impact on most of the Indian companies ' financial ratios, but the effect was not statistically important and it was found that there is no gap between IGAAP and IFRs by way of a t test.

IFRS, IGAAP, t test, Recession, Same Firm-Year

"Impact of IFRS Adoptiation Compared with IGAAP on Accounting Ratio towards the End of the Recession Period", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 8, page no.d504-d517, August-2021, Available :http://www.jetir.org/papers/JETIR2108435.pdf

"Impact of IFRS Adoptiation Compared with IGAAP on Accounting Ratio towards the End of the Recession Period", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 8, page no. ppd504-d517, August-2021, Available at : http://www.jetir.org/papers/JETIR2108435.pdf