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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 58
Sumit K. Lodhia
10 Prominent ethical issues in international accounting and business 64
Mary Low and Nirupika Liyanapathirana
PART II THEORIES AND RESEARCH METHODS
1 Accounting systems 75
Kanwal Javed
2 Conceptual framework 81
Kanwal Javed
3 Theories of accounting regulation 87
Krishan Prasad
4 Advancing qualitative research in international accounting 95
Dale Tweedie
5 Trends of quantitative research in international accounting 101
Parmod Chand and Rajni Mala
PART III INTERNATIONAL ACCOUNTING ISSUES
1 Benefits and costs of International Financial Reporting Standards (IFRS) implementation 112
Mohammad Abu Taleb and Afzalur Rashid
2 Information technology 117
Mohammad Abu Taleb and Afzalur Rashid
3 International Financial Reporting Standards (IFRS) implementation: institutional arrangements 126
Mohammad Abu Taleb and Afzalur Rashid
4 Integrated reporting 138
Pei-Chi Kelly Hsiao
PART IV INSTITUTIONS
1 Institutions 147
Umesh Sharma
International Accounting Standards Board 147
International Federation of Accountants 147
International Monetary Fund 148
International Organization of Securities Commissions 149
International Sustainability Standards Board 151
World Trade Organization 151
World’s Largest Public Accounting Firms (Big 4) 153
PART V FACTORS AFFECTING INTERNATIONAL ACCOUNTING PRACTICES
1 Factors affecting international accounting practices 159
Noriyuki Tsunogaya
Culture 159
Education level 161
Inflation 161
Legal system 162
Level of economic development and capital markets 162
Political and economic ties 163
Religion 163
Sources of finance 164
Status of the accounting profession 165
Taxation 165
PART VI INTERNATIONAL ACCOUNTING PRACTICES ACROSS THE GLOBE
1 The International Financial Reporting Standards Foundation 168
Md Mustafizur Rahaman
2 International accounting practices across the countries in Europe 169
Md Mustafizur Rahaman
3 International accounting practices across the countries in Africa 209
Md Mustafizur Rahaman
4 International accounting practices across the countries in the Middle East 239
Md Mustafizur Rahaman
5 International accounting practices across the countries in Asia and Oceania 250
Md Mustafizur Rahaman
6 International accounting practices across the countries in the Americas 283
Md Mustafizur Rahaman
Index 312
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 58
Sumit K. Lodhia
10 Prominent ethical issues in international accounting and business 64
Mary Low and Nirupika Liyanapathirana
PART II THEORIES AND RESEARCH METHODS
1 Accounting systems 75
Kanwal Javed
2 Conceptual framework 81
Kanwal Javed
3 Theories of accounting regulation 87
Krishan Prasad
4 Advancing qualitative research in international accounting 95
Dale Tweedie
5 Trends of quantitative research in international accounting 101
Parmod Chand and Rajni Mala
PART III INTERNATIONAL ACCOUNTING ISSUES
1 Benefits and costs of International Financial Reporting Standards (IFRS) implementation 112
Mohammad Abu Taleb and Afzalur Rashid
2 Information technology 117
Mohammad Abu Taleb and Afzalur Rashid
3 International Financial Reporting Standards (IFRS) implementation: institutional arrangements 126
Mohammad Abu Taleb and Afzalur Rashid
4 Integrated reporting 138
Pei-Chi Kelly Hsiao
PART IV INSTITUTIONS
1 Institutions 147
Umesh Sharma
International Accounting Standards Board 147
International Federation of Accountants 147
International Monetary Fund 148
International Organization of Securities Commissions 149
International Sustainability Standards Board 151
World Trade Organization 151
World’s Largest Public Accounting Firms (Big 4) 153
PART V FACTORS AFFECTING INTERNATIONAL ACCOUNTING PRACTICES
1 Factors affecting international accounting practices 159
Noriyuki Tsunogaya
Culture 159
Education level 161
Inflation 161
Legal system 162
Level of economic development and capital markets 162
Political and economic ties 163
Religion 163
Sources of finance 164
Status of the accounting profession 165
Taxation 165
PART VI INTERNATIONAL ACCOUNTING PRACTICES ACROSS THE GLOBE
1 The International Financial Reporting Standards Foundation 168
Md Mustafizur Rahaman
2 International accounting practices across the countries in Europe 169
Md Mustafizur Rahaman
3 International accounting practices across the countries in Africa 209
Md Mustafizur Rahaman
4 International accounting practices across the countries in the Middle East 239
Md Mustafizur Rahaman
5 International accounting practices across the countries in Asia and Oceania 250
Md Mustafizur Rahaman
6 International accounting practices across the countries in the Americas 283
Md Mustafizur Rahaman
Index 312
