Published Paper Details:

Implementing Indian Accounting Standards (Ind AS) has noticeably affected the financial statements of organizations. The study aimed to analyze the Financial Statements of selected companies, pre- and post-Ind AS applications based on, Profitability, Solvency, and Cash Flows. Wipro Ltd. and Tata Motors Ltd. pre- and post-Ind AS financial statements are compared for profitability, solvency, and cash flows. First, company financial statements from AS and Ind AS periods are obtained. Extracted are NP (net profit), ROI (return on investment), ROE (return on equity), EPS (equity per share), debt-equity ratio, current ratio, quick ratio, and operating, investing, and financing cash flows. AS and Ind AS's financial statistics are analyzed using t-tests and correlation. The findings indicated that the comparative analysis of Wipro Ltd. and Tata Motors Ltd. reveals nuanced impacts of Ind AS adoption on their financial performance. For Wipro Ltd., significant declines in net profit ratio, ROI, and ROE under Ind AS highlight the influence of accounting standard changes.