Download Achieving Global Convergence of Financial Reporting by Parmod Chand,Christopher Patel PDF

By Parmod Chand,Christopher Patel

Show description

Read Online or Download Achieving Global Convergence of Financial Reporting Standards. Implications from the South Pacific Region PDF

Best accounting books

Studies in International Taxation

As a united worldwide financial system evolves, economists and policymakers are pressured to contemplate even if the present procedure of taxing source of revenue is inconsistent with the craze towards liberalized global monetary flows and elevated overseas pageant. to aid determine latest tax guidelines and incentives, this quantity offers new study on how taxes have an effect on the funding and financing judgements of multinationals this present day.

Accounting Reform in Transition and Developing Economies

A lot has been written concerning the fiscal and political difficulties of nations which are within the strategy of altering from centrally deliberate platforms to industry structures. so much experiences have fascinated with the commercial, criminal, political and sociological difficulties those economies have needed to face through the transition interval.

Payroll Accounting 2013

Organize for profession good fortune with first-hand event in calculating payroll, finishing payroll taxes, and getting ready payroll files and stories. The 2013 version of Bieg/Toland's market-leading textual content addresses all the most modern legislation and up to the moment updates concerning payroll. The textual content specializes in functions instead of thought, and contains robust end-of-chapter fabric that enhances thoughts and offers necessary hands-on studying stories.

Insolvenzrecht: Grundkurs für Wirtschaftswissenschaftler

Das Buch stellt das komplette Insolvenzrecht für Studenten der Wirtschaftswissenschaften dar und geht auf die wichtigsten klausurrelevanten Themenfelder ein. Der Stoff wird anhand zahlreicher Beispiele und Fälle anschaulich vermittelt. Wiederholungsfragen in jedem Kapitel vertiefen das Wissen.

Additional resources for Achieving Global Convergence of Financial Reporting Standards. Implications from the South Pacific Region

Sample text

989), even the needs of the country in which they operate. Hopwood (1994) explicitly illustrated that international accounting was the output of worldwide lobbying pressures by the audit industry. Large multinational accounting firms, he explained, have power to command accounting agendas, primarily to serve their own interests. , 1998, p. 531), but are also direct beneficiaries of this process. A standardized set of global standards enables the parent companies to monitor closely and provide highly structured training programs to train their professional accountants all over the world.

IFRS standardize corporate financial reporting across international boundaries and cultures. Users of financial reports of multinational enterprises from different jurisdictions are provided with the same financial information, offering the same insights into their operations. Multinational enterprises cannot be accused of ambiguity in their reporting or of confusing users by reporting different outcomes in different jurisdictions. However, in this process an important factor is overlooked, namely, that although the cost of information may be reduced due to the uniformity in financial reporting, this may not lead to improved quality in the information produced (Haswell & McKinnon, 2003, p.

The adoption of IFRS was seen as an incentive for multinationals and local enterprises to register on the local stock market. However, consistent with the Papua New Guinea experience, the adoption of IFRS has not attained this objective. For example, the SPSE currently has 17 listed companies, having attracted only 5 new listings since 2002 when IFRS were first adopted. Evidence shows that in Fiji less than 4% of equity in companies listed on the SPSE is held by individuals not directly involved in running the enterprises (Patel, 2002, p.

Download PDF sample

Rated 4.85 of 5 – based on 19 votes