Value Relevance of Comprehensive Income reported as per IFRS-converged Indian Accounting Standards

Sushma Vishnani (), Nityanand Deva () and Dheeraj Misra ()
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Sushma Vishnani: Jaipuria Institute of Management
Nityanand Deva: Jaipuria Institute of Management
Dheeraj Misra: Jaipuria Institute of Management

Asia-Pacific Financial Markets, 2024, vol. 31, issue 3, No 2, 453-472

Abstract: Abstract The study probes comparative and additional value relevance of total comprehensive income and other comprehensive income, respectively, in the Indian context after adopting IFRS-converged accounting standards. The study sample comprises of 367 Indian non-financial companies. The period of study is F.Y. 2016–2017 to F.Y. 2019–2020. Results reveal both net profit and total comprehensive are value relevant, but the supremacy of neither of the two could be established based on our findings. Furthermore, other comprehensive income comes out to be additionally value relevant. The study's findings determine the decision usefulness of OCI and thus, provide useful insights to standard setting bodies.

Keywords: Value relevance; Ind AS; India; IFRS; OCI; Comprehensive income (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10690-023-09422-x

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