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Abstract
It is well known that companies all over the world have become more internationally oriented during last few decades. In changing scenario, India cannot cut off itself from the development taking place worldwide. IFRS is becoming the global language. In India the Institute of Chartered Accountants of India (ICAI) has announced its decision to adopt IFRS with effect from 1st April, 2011. This is aimed at converging India’s accounting standards with the globally accepted framework. The objective of convergence is to produce a common set of high quality accounting standards to enhance the consistency, comparability, transferability and efficiency of financial statements. An understanding of Indian GAAP and IFRS standards is an urgent need for today’s students. Finance graduate students are the future accounting professionals working in different organization. Thus, they must be aware about it. The study of research attempts to find out the “Awareness of International Financial Reporting Standards (IFRS) among Finance Graduate Students.” The finding described that most of the finance graduate students are aware of Indian Accounting Standards.