The Implementation of Ifrs Around the World Is Occurring Rapidly Growth and Quality Improvements Of
Accounting System Through a Uniform Set of Standards (Ifrs). the Accounting Standards Are Issued With a View
To Describe the Accounting Principles and the Methods of Applying These Principles In the Preparation And
Presentation of Financial Statements So That They Give a True and Fair View. International Accounting Standards
For Worldwide Are Acceptance and Observance So That the Accounting Standards In Different Countries Are
Harmonized. the Present Study Is on Attempt to Gather the Previous Research Work. So Far, Has Been Done In The
Field of Ifrs and to Represent Its Critical Analysis In a Systematic Way. the Study Is Based on Secondary Data And
Descriptive In Nature. In Recent Years, Need For International Harmonization of Accounting Standards Followed In
Different Countries Has Grown Considerably As the Cross-Border Transfers of Capital Are Becoming Increasingly
Common. Ifrss the Primary Objective of Uniformity and Comparability of the Financial Statements Prepared In
India With the Rest of the Countries of Globe Will Be Achieved.