International Journal of Accounting & Finance Review International Journal of Accounting & Finance Review (IJAFR),Accounting & Finance Review,Accounting, Finance en-US (Anderson Zee) (Technical Support) Thu, 23 Sep 2021 00:00:00 +0000 OJS 60 USING ERP SYSTEM TO TEACH ACCOUNTING COURSES <p><em>This paper discusses the use of Enterprise Resource Planning (ERP) systems as a teaching tool in Accounting Courses.&nbsp; Students can understand better the accounting cycle and business transaction processing by doing exercises and projects using the ERP system because it clearly shows the complete transaction cycle from the beginning to the end in a systematic and integrated way.&nbsp;&nbsp; Specifically, practical suggestions and usages in the class setting are illustrated based on the SAP system. This hands-on and active learning approach greatly enhances the learning of Accounting Courses such as financial and managerial accounting courses, finance courses, and information systems courses.</em></p> <p><strong>JEL Classification Codes:</strong> G2, M1, M4.</p> Benjamin Bae, C. Christopher Lee ##submission.copyrightStatement## Thu, 23 Sep 2021 14:45:10 +0000 THE EFFECT OF ADOPTION OF IFRS BASED ACCOUNTING STANDARDS: INDIAN EVIDENCES OF ENHANCED VALUE RELEVANCE AND UNIFORMITY <p style="text-align: justify;"><em>This study examines how relevant the accounting information was for the value of the firm prior to 2016, when India had the indigenous Accounting Standards, and after 2016 when India adopted new accounting standards known as IND-AS, which were the convergence standards mostly in line with IFRS. As an extension to this, we have performed another round of analysis to observe whether the enhanced value relevance is symmetrically distributed among big and small firms. We have used the price regression model of (Barth et al, 2008) on 1770 firm-years data of Indian firms and applied panel data analysis. We have found 66% adjusted R<sup>2</sup> under OLS method for the period prior to 2016 and 78% for the post-change period. Further to this, big and small firms, in the new regime, have shown 84% and 89% adjusted R<sup>2</sup>. From the results, we have found substantial improvement in value relevance of accounting information in the IND-AS period. We have also found that the enhanced value relevance is uniformly distributed across firms irrespective of firm-size.</em></p> <p style="text-align: justify;"><strong>JEL Classification Codes:</strong> M41.</p> Somnath Banerjee, Satyajit Dhar, Anirban Dutta ##submission.copyrightStatement## Thu, 23 Sep 2021 18:47:59 +0000