Analyzing the problems with the current adoption of IFRS in the companies among India, China, Germany, Russia and Kenya

Ombati, Robert Mosomi; Shukla, Anita

doi:10.5267/j.ac.2017.3.002

Cited by 3 publications

(1 citation statement)

References 8 publications

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“…In India for instance, the government is yet to set a timeline for acceptance of IPSAS standards (Krishnan, 2016). In an article published by Ombati and Shukla (2018), the authors observed that although accrual disclosures are made in the country's public financial statements, the dominant method is a cash-based accounting. In Pakistan, most of the cash-based accounting is aligned with cash-based IPSAS framework which is applied by the national government.…”

Section: Adoption Of Ipsas In South Asiamentioning

confidence: 99%

Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries

Wang¹,

Miraj²

2018

RWE

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We examined the extent of adoption of the International Public Sector Accounting Standards (IPSAS) in South Asia and the challenges that are decelerating this process. The moderating organization, International Public Sector Accounting Standards Board (IPSAB), instituted IPSAS in an effort to improve financial reporting by public sector organizations and for comparability purposes. The aims of this research were to establish to what extent the IPSAS has been adopted in South Asia and determine the drawbacks contributing to its slow adoption process. To answer the study questions a literature review of the South Asian countries that have adopted the IPSAS was conducted. The study findings show that most of the South Asian nations have adopted the IPSASs though to different extents. Nepal, Bangladesh, Pakistan and Sri Lanka have implemented the IPSAS but taking different approaches and directions, while India still uses the cash based accounting system. The key barriers include; lack of experienced staff, delay in provision of information by the public entities, and lack of a defined implementation timeframe which seem to cut across these countries.

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Section: Adoption Of Ipsas In South Asiamentioning

confidence: 99%

Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries

Wang¹,

Miraj²

2018

RWE

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Varying Levels of Financial and Non-Financial Information Disclosure in the European Union - FSE and BSE Analysis

Tăbîrcă,

Djaouahdou

2024

Valahian Journal of Economic Studies

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This study investigates the varying levels of financial and non-financial information disclosure among firms in the European Union, specifically focusing on the Frankfurt Stock Exchange (FSE) and Bucharest Stock Exchange (BSE). The research uses comprehensive datasets to evaluate the extent and quality of disclosures, assessing their compliance with EU directives and international standards. The analysis incorporates a quantitative method to provide a nuanced understanding of disclosure practices. Key findings highlight significant disparities in disclosure levels between FSEs and BSEs, driven by differences in regulatory environments, market pressures, and organizational characteristics. The study concludes with recommendations for policymakers and corporate managers to enhance transparency and promote uniform disclosure standards across the EU.

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Analyzing the problems with the current adoption of IFRS in the companies among India, China, Germany, Russia and Kenya

Ombati¹,

Shukla²

2018

10.5267/j.ac

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Accounting information provides past and current financial information of an economic unit for business managers, potential investors, and other interested parties. Internally generated accounting information helps business managers with planning, controlling, and making decisions referred to as managerial accounting information. However, if the companies, which have adopted International Financial Reporting Standards (IFRS) globally, cannot generate the same information then the accounting practices need to be improved. For this purpose, the current study was performed with the objectives of measuring relationship between profitability and market capitalization and to analyze the challenges faced by listed firms of various countries in association with the implementation of IFRS. For this purpose, 15 companies were selected from 5 countries including India, China, Germany, Russia and Kenya. The secondary data regarding the correlation between profitability and market capitalization were analyzed to calculate the correlations. The primary data regarding the managers perception were analyzed with multiple regression method using SPSS-19 software to find out the company related variables, investors' related variables and government agency related variables responsible for problems in the current adoption of IFRS.

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Analyzing the problems with the current adoption of IFRS in the companies among India, China, Germany, Russia and Kenya

Cited by 3 publications

References 8 publications

Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries

Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries

Varying Levels of Financial and Non-Financial Information Disclosure in the European Union - FSE and BSE Analysis

Analyzing the problems with the current adoption of IFRS in the companies among India, China, Germany, Russia and Kenya

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