IOSR-JEF   Volume-3 ~ Issue-2

Abstract: This study looks into accounting standards as it relates to Nigeria, United Kingdom and United States of America. Standards in Accounting are essential and of utmost importance and as such should not be ignored or neglected in accounting related businesses and literatures. This paper looks at the meaning and reasons for standards, international financial reporting standards (IFRS), comparative analysis of standards in the three countries using variables like tangible assets, research and development, inventories, disclosure of accounting policies, consolidated financial statement, depreciation accounting, reporting financial information by segment and accounting for leases.

Abstract: This paper analyzes the trends in India's exports using the time series data for the period 1980-81 to 2010-11. The Govt. of India introduced economic reforms since 1991 especially in the trade sector, therefore, in order to see the impact of economic reforms on India's export behavior, the whole time period has been divided into two sub-periods 1980-81 to 1991-92 (pre-reform period) and 1992-93 to 2010-11 (post-reform period). The study shows that India's exports performance improved significantly during the post-reform period and there has been a perceptible change in the value, composition and direction of India's exports. Though the volume and value of exports has increased manifold, India's share in the world exports is still not up-to the expectation.

Keyword: Economic Reforms, Economic Growth, India's Exports, Liberalization, Openness.

Abstract: The main purpose of a business unit is to make profit. The profitability analysis is done to throw light on the current operating performance and efficiency of business firms. It should be duly noted that net income figure alone is not very helpful in determining the efficiency and performance of the business firm unless it is related to some other figures such as sales, cost of goods sold, operating expenses, capital invested etc.