Financial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee, 1973‐200020081Kees Camfferman and Stephen A. Zeff. Financial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee, 1973‐2000. New York, NY: Oxford University Press 2007. xxi + pp. 676

This research investigates Vietnam’s approach to converging with international accounting standards using a variety of de jure convergence scores between Vietnamese Accounting Standards (‘VAS’) and International Accounting Standards/International Financial Reporting Standards (‘IAS/IFRS’), such as full convergence, partial convergence and non-convergence. Vietnam’s initial approach to converging with IAS/IFRS is one of selecting suitable IAS/IFRS issues to fully adopt, but there are few VAS issues modified from IAS/IFRS. The level of convergence between VAS and their equivalent IAS/IFRS is quite high at the beginning (84%), then drops significantly to 63% in 2013 due to non-response to subsequent amendments to IAS and new IFRS. If Vietnam is to effectively compete in the world’s capital markets then a resurgence of the convergence program is urgently needed. If the International Accounting Standards Board (‘IASB’) is to achieve its global convergence goals, then it should consider the implications of IAS/IFRS convergence specific to emerging markets.

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The Impending Demise Of LIFO: History, Threats, Implications, And Potential Remedies

Journal of Applied Business Research (JABR) ◽

10.19030/jabr.v28i4.7047 ◽

2012 ◽

Vol 28 (4) ◽

pp. 645 ◽

Cited By ~ 2

Author(s):

Brian W. Carpenter ◽

Douglas M. Boyle ◽

Yi Ren

Keyword(s):

Financial Reporting ◽

Accounting Standards ◽

Federal Budget ◽

International Accounting ◽

International Accounting Standards ◽

Accounting Practice ◽

Deficit Reduction ◽

History Of ◽

Accounting Rules ◽

Global Harmonization

Since its approval by congress in 1939, the last-in-last-out (LIFO) inventory cost flow assumption has historically been utilized by a significant portion of U.S. companies for both tax and financial reporting purposes. However, despite its extensive use and wide acceptance in practice, the LIFO inventory method is currently endangered by two powerful movements that make its future existence far from certain. The first of these movements is the ongoing convergence of U.S. and international accounting standards. Whether future global harmonization of accounting practice come from continued convergence or outright adoption of international accounting standards, this harmonization poses a threat to the continued use of LIFO since LIFO is prohibited under international accounting rules. The second movement is grounded in governmental attempts to lessen the current federal budget deficit. The elimination of LIFO has been targeted as a way of reducing the deficit within the Obama administrations deficit reduction efforts. The momentum of these two threats to LIFO makes the topic of LIFOs future ripe for discussion. This study discusses the history of LIFO, illuminates the current threats the method faces, and outlines the most common remedies that have been proposed to mitigate the financial impact faced by companies that will be negatively affected by any such elimination of the method.

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Magyar Pszichológiai Szemle ◽

10.1556/mpszle.63.2008.4.9 ◽

2008 ◽

Vol 63 (4) ◽

pp. 769-770

Author(s):

Csaba Pléh

Keyword(s):

New York ◽

Point Of View ◽

Cambridge University ◽

New Science ◽

Oxford University ◽

History Of ◽

The Mind ◽

Oxford University Press

Danziger, Kurt: Marking the mind. A history of memory . Cambridge University Press, Cambridge, 2008Farkas, Katalin: The subject’s point of view. Oxford University Press, Oxford, 2008MosoninéFriedJudités TolnaiMárton(szerk.): Tudomány és politika. Typotex, Budapest, 2008Iacobini, Marco: Mirroring people. The new science of how we connect with others. Farrar, Straus and Giroux, New York, 2008Changeux, Jean-Pierre. Du vrai, du beau, du bien.Une nouvelle approche neuronale. Odile Jacob, PárizsGazzaniga_n

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BOOK REVIEW: Edited By Andrew N. Porter.THE OXFORD HISTORY OF THE BRITISH EMPIRE, VOLUME III: THE NINETEENTH CENTURY. Oxford and New York: Oxford University Press, 1999. and Edited By Robin Winks.THE OXFORD HISTORY OF THE BRITISH EMPIRE, VOLUME V: HISTORIOGRAPHY. Oxford and New York: Oxford University Press, 1999.

Victorian Studies ◽

10.2979/vic.2001.44.1.167 ◽

2001 ◽

Vol 44 (1) ◽

pp. 167-169 ◽

Cited By ~ 4

Author(s):

Antoinette Burton

Keyword(s):

Nineteenth Century ◽

New York ◽

British Empire ◽

Oxford University ◽

History Of ◽

Oxford University Press

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THE ROLE OF NON-GOVERNMENTAL ORGANIZATIONS (NGOs) AS INTERMEDIARIES OF THE EUROPEAN UNION DECISION TO ADOPT INTERNATIONAL ACCOUNTING STANDARDS: 1973–2002

Accounting Historians Journal ◽

10.2308/0148-4184.43.2.59 ◽

2016 ◽

Vol 43 (2) ◽

pp. 59-127 ◽

Cited By ~ 2

Author(s):

Devrimi Kaya ◽

Robert J. Kirsch ◽

Klaus Henselmann

Keyword(s):

European Union ◽

Accounting Standards ◽

International Accounting ◽

International Accounting Standards ◽

The European Union ◽

Governmental Organizations ◽

Non Governmental Organizations ◽

History Of ◽

The Many

This paper analyzes the role of non-governmental organizations (NGOs) as intermediaries in encouraging the European Union (EU) to adopt International Accounting Standards (IAS). Our analysis begins with the 1973 founding of the International Accounting Standards Committee (IASC), and ends with 2002 when the binding EU regulation was approved. We document the many pathways of interaction between European supranational, governmental bodies and the IASC/IASB, as well as important regional NGOs, such as the Union Européenne des Experts Comptables, Économiques et Financiers (UEC), the Groupe d'Etudes des Experts Comptables de la Communauté Économique Européenne (Groupe d'Etudes), and their successor, the Fédération des Experts Comptables Européens (FEE). This study investigates, through personal interviews of key individuals involved in making the history of the organizations studied, and an extensive set of primary sources, how NGOs filled key roles in the process of harmonization of international accounting standards.

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