IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

A Study on Financial Accounting Disclosures in Ind-AS XBRL Taxonomy -A Case Study of IT Companies.

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Mrs. P.Komala, Dr. A.V.N.Murty

Abstract

Financial accounting disclosure is of great significance in accomplishing the objectives of the financial reporting system. The present study focuses on the financial accounting disclosure elements in Ind-AS XBRL taxonomy and examines the level of disclosure in XBRL reports based on Ind-AS XBRL taxonomy. Five IT companies selected from the NSE Nifty 50 companies are taken into account in the study as a convenience-based sample. XBRL reports of selected companies are collected. The content analysis technique is applied to count the number of disclosure items of the selected companies. The disclosures were subject to frequency percentage analysis and descriptive analysis such as mean and one-sample t-test. The study's findings show the taxonomy components of financial accounting disclosures in the Ind-AS XBRL taxonomy and lead to the conclusion that there has been a notable rise in the amount of disclosures in XBRL reports built on the Ind-AS XBRL taxonomy.

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