Journal of Accounting Research, Business and Finance Management (e-ISSN: 2582-8851)

Acceptability of Fair Value Accounting In Indian Corporate Sector – An Opinion Study

Dipti Kumar Chakravorty — 2020-08-01

Ministry of Corporate Affairs (MCA), Govt. of India, by its notification dated 16.02.2015, in exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 in consultation with the NACAS, introduced a new accounting standard rules which has converged Indian Accounting Standards in the line of IFRSs (i.e. Ind ASs). MCA has notified 39 Ind. ASs till date including a separate Ind AS on Fair Value Measurement (Ind AS 113). Companies (Indian Accounting Standards) Rules, 2015 and its subsequent amendments stipulate adoption and applicability of Ind ASs in Indian corporate financial reporting in a phased manner mandatorily from the financial year 2016-17. Therefore, in India, financial statements for the year ended 31st March, 2017 are the first that some specified companies have already prepared adopting Ind ASs as well as applying fair value measurement with a transition date of 1st April, 2015. The undertaken research study is a humble endeavour to judge opinions of Indian academicians and professionals in the field of accounting regarding acceptability and impact of application of fair value method on Indian corporate financial reporting. For the purpose, we conducted an opinion study through questionnaire survey with the Indian academicians and professionals. In the opinion survey, it has been observed that most of the respondents advocate for presentation of assets and liabilities in the financial statements at fair value, instead of historical cost.

Company Transfer Pricing Decision: An Empirical Study on Manufacturing Companies Listed in Indonesian Stock Exchange

Mukhtaruddin — 2020-09-10

This research aims to analyze the factors are affecting to transfer pricing applied decision. The factors are tax (TAX), bonus mechanisms (BM), tunneling incentive (TI), debt covenant (DC) and exchange rate (ER). Data was collected through purposive sampling method from 22 companies that conducted transactions with related parties in the manufacturing sector, listed on the IDX, within the 2013-2017, in the form secondary data, through companies’ year- end financial report. However, hypothesis testing was carried out using a logistic regression method.

The result indicated that TAX, DC and ER significantly influence the decision to implement TP, while BM and TI had an insignificant effect.

Sustainable Development as a North to North Development Agenda

M A K U Madhuwanthi — 2020-07-12

Sustainable development has become a panacea for all the emerging crisis of the world. It has become an integral part of the intentional development agenda. Unfortunately, the Western leaders have recognized it as the term that can be used to create and reestablish their hegemonic power over the world. Hence it has become an eye-catching phrase used by the global north to strengthen their power by hindering their offenders’ agenda of sustainable development. This study reviews the existing literature on sustainable development and fake hands of global north towards the global south in relation to sustainable development to understand how the global north has created a glorified plan for the global south. Literature highlights that every country has to have its own agenda to be sustainable and to create ‘a sustainable goal’.