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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | "The Future of IFRS: Challenges and Opportunities in a Rapidly Changing Global Business Environment" |
| Authors Name: | Supriya Medari , G Vinesh Kumar |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_212157
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| Published Paper Id: | IJNRD2401071 |
| Published In: | Volume 9 Issue 1, January-2024 |
| DOI: | |
| Abstract: | This analysis explores the constantly changing global corporate environment and how International Financial Reporting Standards (IFRS) are changing. The research critically looks at the difficulties that IFRS faces, especially with regard to its ability to change to meet the complex needs that contemporary technology presents. Underscoring the interconnectedness of global economies, the study reassesses IFRS's efficacy in creating an open reporting framework that cuts beyond national boundaries. The investigation also encompasses the revolutionary prospects that arise from these difficulties, particularly the utilization of digital advances to improve decision-making procedures, expedite reporting processes, and improve data accuracy. Additionally, the paper explores how IFRS practices are shaped by sustainable financing. In particular, it emphasizes how environmental, social, and governance aspects are integrated into IFRS frameworks, encouraging socially conscious financial practices and harmonizing methods for reporting on climate change. In the end, this research provides a thorough road map for the development of financial reporting standards. Through the provision of insightful information on the strategic imperatives of IFRS in an environment full of opportunities and challenges, the analysis gives stakeholders the tools they need to successfully navigate the terrain of international financial reporting in the future. |
| Keywords: | IFRS, Challenges, Opportunities, Global Business Environment |
| Cite Article: | ""The Future of IFRS: Challenges and Opportunities in a Rapidly Changing Global Business Environment"", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 1, page no.a616-a622, January-2024, Available :http://www.ijnrd.org/papers/IJNRD2401071.pdf |
| Downloads: | 000118763 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2401071 Registration ID: 212157 Published In: Volume 9 Issue 1, January-2024 DOI (Digital Object Identifier): Page No: a616-a622 Country: Godavarikhani, Telangana, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2401071 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2401071 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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