Journal of Accounting Research, Business and Finance Management

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EISSN : 2582-8851
Total articles ≅ 6
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Articles in this journal

Anchal Ojha, Ishika Chouriya, Nilesh Anute
Journal of Accounting Research, Business and Finance Management, Volume 3, pp 1-8; https://doi.org/10.46610/jarbfm.2022.v03i02.001

Abstract:
In this paper, we have analyzed what is the impact of Indirect tax reforms in India, as we all know how indirect taxes played progressively vital role in the Indian economy. Excise duty was first introduced in India in 1944. The change in the Indirect taxes was anticipated after independence. As Goods and Services tax (GST) is India’s most significant tax reform, which went into effect on July 1st, 2017. It was eventually superseded by all the indirect taxes levied by Federal and State Governments on Goods and Services. Indirect taxes are imposed on goods and services due to which consumer ended up paying more for the products. The time limit for paying tax was extended during the Covid-19 pandemic. There were several GST compliance relief measures announced by union finance minister during worldwide pandemic. Through our research we come to know about that the introduction of GST boost economy growth and give rise to GDP growth by 1.0% to 3.0%.
Journal of Accounting Research, Business and Finance Management, Volume 2; https://doi.org/10.46610/jarbfm.2021.v02i02.007

Abstract:
The discovery of oil in West Asia has contributed to its integration into the international capitalist system. The mono-commodity, oil, has brought tremendous wealth to West Asia. But a rising population and an ever growing demonstration effect, has caused imports to grow exorbitantly, with oil prices expected to fall, depicted explicitly by recent oil price drop, also over time as interest in climate change increases after RIO-20, and more options of renewable energy sources coming on line like Gas, Solar Energy, wind power and nuclear energy etc. the rentier mode of development followed by west Asian economies is clearly unsustainable. Further the oil producing nations are so over-specialized that they do not possess the necessary flexibility to shift their resources from one sector to another, or to develop substitution if and when the need arises. Moreover, the ability of oil producing countries to respond to deliberate or accidental economic measures taken abroad is limited. This paper theoretically analyses the standing of the West Asian mono product economies, their specific traits, benefits and disbenefit of current condition and looks into the case for diversification of West Asian Region. As diversification is a sine qua non in long Run for the sustainability of the West Asian economies.
Varun Sahewala, Varun Jain
Journal of Accounting Research, Business and Finance Management, Volume 2; https://doi.org/10.46610/jarbfm.2021.v02i02.006

Abstract:
The paper studies the relationship between Money Supply, Prices and Output by creating a robust VAR Model incorporating the changing trend of the macro-economic variables. The observations were that rate of change of Prices and Money Supply have a direct relationship (in short and long run), rate of change of Price and Private Consumption have an inverse relationship (more significant in long run), and rate of change of Investment and Money Supply have an inverse relationship (significant in long run). The study provides a foundation for understanding of stability and shocks amongst the macro-economic variables which have further scope of exploration in terms of magnitude of absolute change and implicit relationships which exist amongst the variables in the Quantity Theory of Money.
K. T. G. P. Madhusanka
Journal of Accounting Research, Business and Finance Management, Volume 2; https://doi.org/10.46610/jarbfm.2021.v02i02.002

Abstract:
The purpose of this study is to measure the determinants influence on green purchase intention among young consumers in University of Sri Jayewardenepura. Based on the prior studies, the study identified determinants of green purchase intention such as environmental knowledge, environmental attitude, government initiative, green advertising and price. A quantitative study was conducted to address the research objectives. The survey was done among young consumers in University of Sri Jayewardenepura. The used sample method was convenient sample collection. Primary data were gathered through a questionnaire and evaluate the questionnaire through five-point likert scale. There were 254 usable questionnaires from undergraduates of University of Sri Jayewardenepura. The data was analyzed using IBM SPSS statistics 23. Descriptive statistics, correlation analysis were used to evaluate the gathered data. Five hypotheses were developed to conduct this research and those were tested using Spearman’s Correlation Analysis and Multiple Regression Analysis. The results of the research indicated that price has the much significant influence on green purchase intention among young consumers in Sri Lanka. Also environmental attitude and government initiative have significant influence on green purchase intention among young consumers in Sri Lanka. In contrast, environmental knowledge and green advertising have no significant influence on green purchase intention.
Dipti Kumar Chakravorty, Debarshi Bhattacharya
Abstract:
Ministry of Corporate Affairs (MCA), Govt. of India, by its notification dated 16.02.2015, in exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 in consultation with the NACAS, introduced a new accounting standard rules which has converged Indian Accounting Standards in the line of IFRSs (i.e. Ind ASs). MCA has notified 39 Ind. ASs till date including a separate Ind AS on Fair Value Measurement (Ind AS 113). Companies (Indian Accounting Standards) Rules, 2015 and its subsequent amendments stipulate adoption and applicability of Ind ASs in Indian corporate financial reporting in a phased manner mandatorily from the financial year 2016-17. Therefore, in India, financial statements for the year ended 31st March, 2017 are the first that some specified companies have already prepared adopting Ind ASs as well as applying fair value measurement with a transition date of 1st April, 2015. The undertaken research study is a humble endeavour to judge opinions of Indian academicians and professionals in the field of accounting regarding acceptability and impact of application of fair value method on Indian corporate financial reporting. For the purpose, we conducted an opinion study through questionnaire survey with the Indian academicians and professionals. In the opinion survey, it has been observed that most of the respondents advocate for presentation of assets and liabilities in the financial statements at fair value, instead of historical cost.  
Aditi Singh
Abstract:
The COVID-19 outbreak impacts go way beyond mortality, almost to a level of global economic catastrophe. With almost the entire world coming to a halt, it is predicted that the virus will turn global economic growth sharply negative. This survey paper provides insights into the possible economic downfall, also looking back at the Global Financial Crisis of 2008. Since, the risk of recession is absolutely real, the article provides insights into the lessons from the past; focusing on how one can thrive the post crisis period, acquiring skills that can lead to beneficial employment.
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