What question did this study set out to answer?

To examine the industry-level impact of IFRS-converged Indian Accounting Standards (Ind-AS) on the quality of matching expenses with revenues across adoption periods.

September 17, 2026Journal of Public Affairs

Impact of Indian Accounting Standards on Expense‐Revenue Matching Quality: An Industry‐Level Analysis

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KGKaran Gandhi

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Overview

Industry-level regression analysis reveals heterogeneous shifts in expense-revenue matching quality under Indian Accounting Standards, highlighting sector-specific implementation challenges.

Key Points

To examine the industry-level impact of IFRS-converged Indian Accounting Standards (Ind-AS) on the quality of matching expenses with revenues across adoption periods.
Analyzed matching quality using both a two-stage regression model (31 industries, N=807 firms) and a single-stage model (45 industries, N=869 firms).
Evaluated changes across the initial post–Ind-AS period (2017–2019) and the later post–Ind-AS period (2019–2022), controlling for the 2020–2021 COVID-19 fiscal year.
Performed robustness checks incorporating exceptional items into total expenses to detect potential managerial classification shifting.
In the initial post–Ind-AS period, matching quality significantly improved in 5 industries under the two-stage model and 10 under the single-stage model, but declined in 1 and 7 industries, respectively.
In the later post–Ind-AS period, learning effects appeared in 4 (two-stage) and 5 (single-stage) industries, whereas matching quality deteriorated in 6 (two-stage) and 9 (single-stage) industries.
Cross-method consistency was limited across industries, and tests including exceptional items revealed shifts consistent with opportunistic expense reclassification.

Cite This Study

Karan Gandhi (2026) studied this question.

synapsesocial.com/papers/6aabb7155f706d05830e5ec4 https://doi.org/10.1002/pa.70155

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September 17, 2026Journal of Public Affairs

Impact of Indian Accounting Standards on Expense‐Revenue Matching Quality: An Industry‐Level Analysis

View Full Paper

Ask AI

Bookmark

Authors

KGKaran Gandhi

Discussion

Member takes

Overview

Industry-level regression analysis reveals heterogeneous shifts in expense-revenue matching quality under Indian Accounting Standards, highlighting sector-specific implementation challenges.

Key Points

To examine the industry-level impact of IFRS-converged Indian Accounting Standards (Ind-AS) on the quality of matching expenses with revenues across adoption periods.
Analyzed matching quality using both a two-stage regression model (31 industries, N=807 firms) and a single-stage model (45 industries, N=869 firms).
Evaluated changes across the initial post–Ind-AS period (2017–2019) and the later post–Ind-AS period (2019–2022), controlling for the 2020–2021 COVID-19 fiscal year.
Performed robustness checks incorporating exceptional items into total expenses to detect potential managerial classification shifting.
In the initial post–Ind-AS period, matching quality significantly improved in 5 industries under the two-stage model and 10 under the single-stage model, but declined in 1 and 7 industries, respectively.
In the later post–Ind-AS period, learning effects appeared in 4 (two-stage) and 5 (single-stage) industries, whereas matching quality deteriorated in 6 (two-stage) and 9 (single-stage) industries.
Cross-method consistency was limited across industries, and tests including exceptional items revealed shifts consistent with opportunistic expense reclassification.

Cite This Study

Karan Gandhi (2026) studied this question.

synapsesocial.com/papers/6aabb7155f706d05830e5ec4 https://doi.org/10.1002/pa.70155

View Full Paper

Ask AI

Bookmark