Estimating Levels of Awareness amongst Students in North Gujarat with Regards to IFRS
Keywords:
accounting standards, global accounting standards, power distance, uncertainty avoidance, cultural framework, IFRS, IASCAbstract
This research article deals with investigating perceived levels of Awareness amongst students in the North Gujarat region of India, specifically within the realm of IFRS and its implications on professional, personal, socio-cultural, and economic planes. The present research utilizes secondary research to lay a theoretical foundation for IFRS's historical, cultural, and economic context in the modern world. It also utilizes survey questionnaires to gauge the degree of Awareness amongst post-graduate students in major universities across North Gujarat. Findings of this research reveal that there is not enough educational preparation given to students on IFRS and its role in the current Economy. At the same time, the study also reveals that there is ample cultural and personal employment-oriented awareness and openness amongst students regarding the role of IFRS and its significance in an economic context.
