This study explores the stakeholders’ perception about the impact of International Financial Reporting Standards (IFRS). Based on the stakeholders’ perception about IFRS and in consultation with academicians, practicing chartered accountants/company secretaries and students pursuing chartered accountancy/company secretary course and IFRS students, 15 key issues and 8 key challenges relating to IFRS were identified. The opinions of 22 academicians, 22 practicing chartered accountants/company secretaries and students pursuing chartered accountancy/company secretary course, and 76 IFRS students were gathered through a field survey. The survey was conducted in Udaipur, Rajasthan, using a closed-ended structured questionnaire. The collected data was empirically analyzed using mean, coefficient of variance, Z-test and ANOVA. The study also revealed that there is a significant difference between average score and neutral opinion on only one question and 22 questions have no significant difference between average score and neutral opinion regarding overall opinion of academicians, professionals and IFRS students exploring the perception on IFRS. The results would benefit the Indian IFRS community to develop better and relevant information for stakeholders.

The present paper is an attempt to examine the determinants of dividend policy of Indian corporate sector for a duration of 12 years from 2002-03 to 2013-14. The sample contains 200 companies out of listed companies in the BSE-500 index at Bombay Stock Exchange which paid dividend for at least 10 years out of 12 financial years. The well-known multiple regression analysis-based dividend model, namely, Lintner’s (1956) dividend model is used to test the relationship among the study variables. The empirical results suggest that current year profits after tax and lagged dividends are the most important factors that affect positively the current dividend policy of the companies, which demonstrates the suitability of Lintner’s dividend model for determining the dividend behavior of the sample companies. In order to provide a comprehensive analysis of the determinants of dividend policy, additional explanatory variables such as investment demand, flow of net debt, interest payment, and change in sales have also been included along with the Lintner’s dividend model, and it is found that none of these additional variables are significant determining factors of dividend decision of Indian corporate sector. On the practical side, the study holds the argument that information related to profitability and lagged dividend would help the firms to focus on the major factors concerning the payment of dividend by Indian corporate sector.

Indian economy is a developing economy which is dependent on oil and gas for its growth and development. Before 2010, prices were controlled by the State, with the Government of India providing subsidy on oil and gas, which was a cause for the slow growth of economy, which also caused loss of revenue. Indian Oil Corporation Limited (IOCL) and Oil and Natural Gas Corporation (ONGC) are the largest producers of oil products in India. Their financial soundness is very important to Indian economy. To evaluate the financial performance of a company, major techniques like comparative analysis, trend analysis and ratio analysis are used.