FAIR VALUATION UNDER INDIAN ACCOUNTING STANDARDS

The (financial) accountant of a business relies heavily on financial statements since they are used to transmit and disclose financial information to the firm's stakeholders, including potential investors. Considering that India is one of the world's developing economies, this research endeavors to clarify the meaning of fair value accounting, assess its applicability to Indian and global businesses, and weigh the costs and advantages of adopting it here.