scholarly journals On the International Convergence of Accounting Standards

2010 ◽  
Vol 5 (4) ◽  
Author(s):  
Boka Moussa
Keyword(s):  
Accounting Standards ◽  
International Convergence

scholarly journals Convergence of Chinese accounting standards with IFRS

2018 ◽  
Vol 2018 (98 (154)) ◽  
pp. 167-184
Author(s):  
Teresa Martyniuk ◽  
Celina Bójczuk
Keyword(s):  
Financial Reporting ◽  
Accounting Standards ◽  
Accounting System ◽  
Chinese Market ◽  
Chinese Enterprises ◽  
Information Gap ◽  
Harmonization Process ◽  
International Importance ◽  
International Convergence

The advancing globalization processes and the emergence of international corporations have contributed to the need for internationalization of accounting information. The international convergence of account- ing standards has therefore become a necessity. The concentration of investors on the Chinese market, its development and the growth of international importance caused China to begin reforming its accounting system. This study fills the information gap regarding the evolution of accounting and financial reporting in China. The main goal of the study is to show the evolution of accounting regulations and their effects in China. In order to accomplish the main goal, the following auxiliary objectives were adopted in the article: indication of difficulties and obstacles in the introduction and application of new standards, analy- sis of the scope of changes in relation to previous regulations and indication of differences in Chinese accounting standards in relation to IFRS. In addition, the study recounts ACCA's research to assess the quality of financial statements of Chinese enterprises after the introduction of new standards and the bene-fits of the harmonization process. The conclusions from their analysis are definite: convergence with IFRS has significantly improved the quality of reported financial data. However, it should be emphasized that these benefits are not uniform. They are most visible in the production sector, among companies in which investors have greater demand for information and also among those that are more dependent on external capital.

scholarly journals INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS AND CHANGES IN THE SEGMENT REPORT STRUCTURE: FROM VOLUNTARY DISCLOSURE TO CPC 22 ADVENT

2014 ◽  
pp. 67-83
Author(s):  
Eliandro Schvirck ◽  
Rogério João Lunkes ◽  
Valdirene Gasparetto ◽  
José Alonso Borba
Keyword(s):  
Voluntary Disclosure ◽  
Accounting Standards ◽  
International Convergence

Towards the international convergence of accounting standards: the case of Business Combinations and Goodwill

2015 ◽  
pp. 155-170
Author(s):  
Maria Elena Olante
Keyword(s):  
Accounting Standards ◽  
Current Status ◽  
Accounting Standard ◽  
Business Combinations ◽  
The Us ◽  
The Common ◽  
Common Effort ◽  
International Convergence ◽  
Major Project

Accounting for business combinations and for goodwill has profoundly changed during the last ten years both in the US and in Europe, as a consequence of the common effort of the FASB and the IASB towards the international convergence of accounting standards. The Business Combinations project has been the first major project undertaken jointly by the accounting standard setters and it has resulted in the issue of substantially converged accounting standards with some remaining differences. The aim of this paper is to review and comment the evolution and the major changes occurred in accounting for business combinations and for goodwill and their current status in the light of the process of convergence of accounting standards on these crucial economic transactions.

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