Jan '19


The IUP Journal of Accounting Research and Audit Practices.

ISSN: 0972-690X

A peer reviewed journal indexed on Cabells Directory, and also distributed by EBSCO and Proquest Database

It is a quarterly journal that offers papers on Financial accounting, Management accounting, Accounting standards, Taxation, IT-accounting interface; R&D reporting biases and their consequences; Corporate disclosures and Standards of reporting reflecting better governance, Environmental accounting and reporting; Auditing research, Internal and external audits, Ethics in reporting, etc.

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Article   Price (₹) Buy
Goods and Services Tax (GST) in India: Towards Sustainable Economic Growth
50
Exploring Stakeholders’ Perception About IFRS: An Empirical Study
50
The Determinants of Dividend Policy in Indian Corporate Sector
50
Research Note
An Analysis of the Pre- and Post-Deregulation Financial Performance of IOCL and ONGC
50
       
Contents: (Jan 2019)

Goods and Services Tax (GST) in India: Towards Sustainable Economic Growth
Divya Verma Gakhar

Goods and Services Tax (GST) has been newly introduced in India. Not only will GST help India to adjust with the global taxation system, but it will also help the Government of India to increase its Tax to GDP ratio. The main objective of the study is to understand the GST launched by the government and to analyze its impact on the financial performance of the companies. The data for four industrial sectors (two industrial goods and two consumer goods) has been taken, namely, cement industry, steel industry, automobile sector and communication sector. A total of 78 companies were taken as the sample and quarterly results related to various financial parameters such as net sales, total expenses, net profit, earnings per share, price-earnings ratio and turnover were collected from the Prowess database. The data was collected for two quarters before and after the implementation of GST on July 1, 2017, so that the impact of GST implementation could be studied across sectors on various performance parameters. The analysis shows that introduction of GST has brought in a positive change in the performance of all sectors selected for this study.


© 2018 IUP. All Rights Reserved.

Article Price : Rs.50

Exploring Stakeholders’ Perception About IFRS: An Empirical Study
Shilpa Vardia and Shiv Lal Parmar

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.


© 2018 IUP. All Rights Reserved.

Article Price : Rs.50

The Determinants of Dividend Policy in Indian Corporate Sector
Mahesh Chand Garg and Vikas Bhargaw

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.


© 2018 IUP. All Rights Reserved.

Article Price : Rs.50

Research Note
An Analysis of the Pre- and Post-Deregulation Financial Performance of IOCL and ONGC
Om Prakash Agrawal and Prateek Kumar Bansal

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.


© 2018 IUP. All Rights Reserved.

Article Price : Rs.50

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