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Encyclopedia of International Accounting
This Encyclopedia presents a comprehensive overview of international accounting. Top scholars in the field highlight key issues such as accounting standards, sustainability reporting, ethical standards, corporate governance, theories of regulation, and international institutions.
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Critical Acclaim
Contributors
Contents
More Information
This Encyclopedia presents a comprehensive overview of international accounting. Top scholars in the field highlight key issues such as accounting standards, sustainability reporting, ethical standards, corporate governance, theories of regulation, and international institutions.
With an examination of core concepts and definitions surrounding international accounting, including tax havens, money laundering, international auditing, and global accounting standards, it covers both key theories and current challenges in the field. Theories of regulation form a framework for entries to explain why governments intervene in markets in order to regulate economic activities, covering public interest theory, capture theory, rent-seeking theory, institutional theory, and regulatory competition theory. The Encyclopedia further looks at issues connected to globalization such as the benefits and costs of adopting international financial reporting standards, the major factors affecting international accounting practices, and the challenges of managing multinational corporations.
Key Features:
● Entries divided into thematic sections for ease of reference
● Summarizes trends of qualitative and quantitative research in international accounting
● Includes commentaries on 167 cross-continent jurisdictions regarding the adoption of international financial reporting standards
● Outlines the institutions linked to international accounting practices, including the IASB, IFAC, International Monetary Fund, and World Trade Organisation
This Encyclopedia is an insightful read for accounting scholars, international accounting regulators, and practitioners in accounting, audit firms, and business.
With an examination of core concepts and definitions surrounding international accounting, including tax havens, money laundering, international auditing, and global accounting standards, it covers both key theories and current challenges in the field. Theories of regulation form a framework for entries to explain why governments intervene in markets in order to regulate economic activities, covering public interest theory, capture theory, rent-seeking theory, institutional theory, and regulatory competition theory. The Encyclopedia further looks at issues connected to globalization such as the benefits and costs of adopting international financial reporting standards, the major factors affecting international accounting practices, and the challenges of managing multinational corporations.
Key Features:
● Entries divided into thematic sections for ease of reference
● Summarizes trends of qualitative and quantitative research in international accounting
● Includes commentaries on 167 cross-continent jurisdictions regarding the adoption of international financial reporting standards
● Outlines the institutions linked to international accounting practices, including the IASB, IFAC, International Monetary Fund, and World Trade Organisation
This Encyclopedia is an insightful read for accounting scholars, international accounting regulators, and practitioners in accounting, audit firms, and business.
Critical Acclaim
‘This Encyclopedia will be a useful guide for both accounting professionals and research students. It reviews the accounting standards, including ethics and auditing. It is especially valuable as a guide to the theories used to understand accounting issues, and as an introduction to international accounting research.’
– David Hay, The University of Auckland, New Zealand
‘This is a comprehensive and informative coverage of all matters “international accounting”, with contributions from many prominent scholars. It will be of great value to students, researchers, practitioners, standard-setters and regulatory policy makers involved in all aspects of international accounting.’
– Graeme Harrison, Macquarie University, Australia
– David Hay, The University of Auckland, New Zealand
‘This is a comprehensive and informative coverage of all matters “international accounting”, with contributions from many prominent scholars. It will be of great value to students, researchers, practitioners, standard-setters and regulatory policy makers involved in all aspects of international accounting.’
– Graeme Harrison, Macquarie University, Australia
Contributors
Contributors include: Vida Botes, Parmod Chand, Zhuoan Feng, Pei-Chi Kelly Hsiao, Kanwal Javed, Nirupika Liyanapathirana, Sumit K. Lodhia, Mary Low, Rajni Mala, Mansi Mansi, Nam The Nguyen, Rakesh Pandey, Dinuja Perera, Hector Perera, Krishan Prasad, Md Mustafizur Rahaman, Afzalur Rashid, Umesh Sharma, Mohammad Abu Taleb, Noriyuki Tsunogaya, Dale Tweedie
Contents
Contents:
Preface viii
Acknowledgements x
PART I CONCEPTS AND DEFINITION
1 International accounting 2
Hector Perera
2 International convergence of financial reporting 7
Parmod Chand
3 International ethical standards in accounting 14
Nam The Nguyen
4 International Financial Reporting Standards (IFRS) 21
Rajni Mala
5 International Financial Reporting Standards (IFRS) for small and medium-sized enterprises 27
Dinuja Perera
6 International issues in auditing 37
Vida Botes
7 International issues in corporate governance 44
Zhuoan Feng
8 International issues in managing multinational corporations 51
Rakesh Pandey and Mansi Mansi
9 International sustainability reporting 59
Sumit K. Lodhia
10 Prominent ethical issues in international accounting and business 65
Mary Low and Nirupika Liyanapathirana
PART II THEORIES AND RESEARCH METHODS
1 Accounting systems 76
Kanwal Javed
2 Conceptual framework 82
Kanwal Javed
3 Theories of accounting regulation 89
Krishan Prasad
4 Trends of qualitative research in international accounting 97
Dale Tweedie
5 Trends of Quantitative Research in International Accounting 103
Parmod Chand and Rajni Mala
PART III INTERNATIONAL ACCOUNTING ISSUES
1 Benefits and costs of International Financial Reporting Standards (IFRS) implementation 114
Mohammad Abu Taleb and Afzalur Rashid
2 Information technology 119
Mohammad Abu Taleb and Afzalur Rashid
3 International Financial Reporting Standards (IFRS) implementation: institutional arrangements 128
Mohammad Abu Taleb and Afzalur Rashid
4 Integrated reporting 139
Pei-Chi Kelly Hsiao
PART IV INSTITUTIONS
1 Institutions 148
Umesh Sharma
International Accounting Standards Board 148
International Federation of Accountants 148
International Monetary Fund 149
International Organization of Securities Commissions 150
International Sustainability Standards Board 152
World Trade Organization 152
World’s Largest Public Accounting Firms (Big 4) 154
PART V FACTORS AFFECTING INTERNATIONAL ACCOUNTING PRACTICES
1 Factors affecting international accounting practices 160
Noriyuki Tsunogaya
Culture 160
Education level 162
Inflation 162
Legal system 163
Level of economic development and capital markets 163
Political and economic ties 164
Religion 164
Sources of finance 165
Status of the accounting profession 166
Taxation 166
PART VI INTERNATIONAL ACCOUNTING PRACTICES ACROSS THE GLOBE
1 The International Financial Reporting Standards Foundation 169
Md Mustafizur Rahaman
2 International accounting practices across the countries in Europe 170
Md Mustafizur Rahaman
3 International accounting practices across the countries in Africa 212
Md Mustafizur Rahaman
4 International accounting practices across the countries in the Middle East 242
Md Mustafizur Rahaman
5 International accounting practices across the countries in Asia and Oceania 253
Md Mustafizur Rahaman
6 International accounting practices across the countries in the Americas 287
Md Mustafizur Rahaman
Preface viii
Acknowledgements x
PART I CONCEPTS AND DEFINITION
1 International accounting 2
Hector Perera
2 International convergence of financial reporting 7
Parmod Chand
3 International ethical standards in accounting 14
Nam The Nguyen
4 International Financial Reporting Standards (IFRS) 21
Rajni Mala
5 International Financial Reporting Standards (IFRS) for small and medium-sized enterprises 27
Dinuja Perera
6 International issues in auditing 37
Vida Botes
7 International issues in corporate governance 44
Zhuoan Feng
8 International issues in managing multinational corporations 51
Rakesh Pandey and Mansi Mansi
9 International sustainability reporting 59
Sumit K. Lodhia
10 Prominent ethical issues in international accounting and business 65
Mary Low and Nirupika Liyanapathirana
PART II THEORIES AND RESEARCH METHODS
1 Accounting systems 76
Kanwal Javed
2 Conceptual framework 82
Kanwal Javed
3 Theories of accounting regulation 89
Krishan Prasad
4 Trends of qualitative research in international accounting 97
Dale Tweedie
5 Trends of Quantitative Research in International Accounting 103
Parmod Chand and Rajni Mala
PART III INTERNATIONAL ACCOUNTING ISSUES
1 Benefits and costs of International Financial Reporting Standards (IFRS) implementation 114
Mohammad Abu Taleb and Afzalur Rashid
2 Information technology 119
Mohammad Abu Taleb and Afzalur Rashid
3 International Financial Reporting Standards (IFRS) implementation: institutional arrangements 128
Mohammad Abu Taleb and Afzalur Rashid
4 Integrated reporting 139
Pei-Chi Kelly Hsiao
PART IV INSTITUTIONS
1 Institutions 148
Umesh Sharma
International Accounting Standards Board 148
International Federation of Accountants 148
International Monetary Fund 149
International Organization of Securities Commissions 150
International Sustainability Standards Board 152
World Trade Organization 152
World’s Largest Public Accounting Firms (Big 4) 154
PART V FACTORS AFFECTING INTERNATIONAL ACCOUNTING PRACTICES
1 Factors affecting international accounting practices 160
Noriyuki Tsunogaya
Culture 160
Education level 162
Inflation 162
Legal system 163
Level of economic development and capital markets 163
Political and economic ties 164
Religion 164
Sources of finance 165
Status of the accounting profession 166
Taxation 166
PART VI INTERNATIONAL ACCOUNTING PRACTICES ACROSS THE GLOBE
1 The International Financial Reporting Standards Foundation 169
Md Mustafizur Rahaman
2 International accounting practices across the countries in Europe 170
Md Mustafizur Rahaman
3 International accounting practices across the countries in Africa 212
Md Mustafizur Rahaman
4 International accounting practices across the countries in the Middle East 242
Md Mustafizur Rahaman
5 International accounting practices across the countries in Asia and Oceania 253
Md Mustafizur Rahaman
6 International accounting practices across the countries in the Americas 287
Md Mustafizur Rahaman
