Issues and Challenges of Accounting Standards on Manufacturing Industries with Special Reference to Bangalore

Abstract

The study titled "Issues and Challenges of Accounting Standards on Manufacturing Industries with Special Reference to Bangalore" explores the intricacies involved in the adherence and implementation of accounting standards within Bangalore's manufacturing sector. This research identifies critical challenges such as regulatory changes, technological limitations, economic fluctuations, and the availability of skilled workforce that impede the effective application of these standards. Employing a mixed-methods approach, data was collected through surveys, interviews, and secondary sources to provide a comprehensive analysis. The findings reveal significant variations in financial reporting quality and compliance issues among key manufacturing companies.