Impact of Ind AS (IFRS) on Fair Value Disclosure of Derivative Financial Instruments (DFIs) in India

ABSTRACT : Derivative financial instruments (DFIs) may play an important role in near crumble or bankruptcies if it is not managed and priced properly. To protect the interests of the stakeholders, fair value accounting has become a relevant field of International Financial Reporting Standards (IFRS) for DFIs. In India, Indian Accounting Standard has been replaced by Ind AS (IFRS) on 1st April 2016. This study aims to determine the effect of fair value on DFIs in Indian corporate annual reports at the backdrop of introduction of IFRS (Ind As) in India. The study also looks at whether DFIs' degree of fair value disclosure is linked to their size, listing status, leverage, and other factors. This research would be extremely beneficial to corporate executives and stakeholders.