Interpretation and application of “new” and “complex” international financial reporting standards in Fiji: Implications for convergence of accounting standards

Chand, Parmod; Patel, Chris; Patel, Arvind

doi:10.1016/j.adiac.2010.08.004

Cited by 27 publications

(32 citation statements)

References 48 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Zeff (2007) also denoted that there are some problems caused by interpretation, because interpretation plays a very important role in the effective application of standards and therefore in the achievement of comparability. The principle-based nature of the IFRS and the need for an extensive use of professional judgment are likely to cause inconsistent interpretations and differences in applications (Hora et al, 1997;Alali & Cao, 2010;Chand et al, 2010;Hellmann et al, 2010).…”

Section: Challenges Of Implementing Ifrs For Smesmentioning

confidence: 99%

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Kılıç¹,

Uyar²

2017

JAMIS

View full text Add to dashboard Cite

In 2009, the International Accounting Standards Board (IASB) issuedInternational Financial Reporting Standards (IFRS) for Small and Medium-sized Entities (SMEs) as a simplified version of the full IFRS addressing the financial reporting needs of SMEs. Although IFRS for SMEs is still not required in this jurisdiction, Turkey was one of the first ones that have taken substantive steps towards adoption of IFRS for SMEs. The main purpose of this research is to investigate the perceptions of Turkish accountants, academicians, and auditors regarding the adoption process of IFRS for SMEs via in-depth interview methodology. The findings of the research confirmed the need for a stand-alone standard set for SMEs. The interviewees asserted that more simplification on IFRS for SMEs may hinder comparability of financial statements. While high-quality financial information will be the most important advantage of applying IFRS for SMEs, cost burdens on firms and lack of trained personnel will be the major obstacles for the implementation process.

show abstract

Section: Challenges Of Implementing Ifrs For Smesmentioning

confidence: 99%

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Kılıç¹,

Uyar²

2017

JAMIS

View full text Add to dashboard Cite

show abstract

“…According to Chand and Patel (), the by‐law acknowledges the Institute's obligation to support standards promulgated by the IASB and the International Federation of Accountants, and to use its best endeavours to ensure compliance (Pathik ; Chand et al. ; Chand and White ).…”

Section: Taking Stock Of Acquired Knowledgementioning

confidence: 99%

Accounting and Accountability in Fiji: A Review and Synthesis

Sharma

2017

Australian Accounting Review

View full text Add to dashboard Cite

This paper reviews accounting and accountability research in Fiji. The review is based on 47 papers published since 1978 in accounting refereed journals, professional journals, edited book chapters and theses and other refereed journals outside accounting. In addition to categorisation of the reviewed papers according to accounting topics, theories and methods of data collection, some themes to which the papers could be related are discussed. Financial reporting/accountability research is the most popular research in Fiji followed by new public management research, with sustainability accounting research the third most popular. The paper's findings suggest some directions for future accounting research in Fiji and where the data can possibly be sourced for such research. We conclude that more research is needed in the Fijian context that focuses on accounting and the state, performance auditing, indigenous accounting, SMEs and accountability.

show abstract

“…A adoção das IFRS promoveu o desenvolvimento de uma série de pesquisas acerca dos principais aspectos da norma, com destaque para as vantagens, desvantagens, desafios e experiência dos países quanto à adesão ao novo padrão contábil (Joshi, Bremser, & Al-Ajmi, 2008;Taylor, 2009;Chand, Patel, & Patel, 2010;Bayerlein & Farooque, 2012). Entretanto, a adesão às IFRS de mais de 130 países (IFRS, 2014) não traduz, necessariamente, a extensão da convergência contábil.…”

Section: Convergência Contábil E Seu Impacto Na Comparabilidadeunclassified

Comparabilidade das Escolhas Contábeis em Propriedades para Investimentos de Empresas Listadas na BM&FBOVESPA e NYSE

Botinha¹,

Lemes²

2017

CGG

View full text Add to dashboard Cite

RESUMOEsta pesquisa objetivou identificar a consequência das escolhas contábeis realizadas por gestores de companhias abertas listadas na NYSE e na BM&FBOVESPA, com relação à mensuração subsequente de Propriedades para Investimentos, por meio da identificação do grau de comparabilidade dos relatórios financeiros do ano de 2013. O grau de comparabilidade foi calculado por meio do índice T de Taplin. No trabalho, observou-se que, de uma maneira mais conservadora, para ambas as bolsas, houve maior utilização do método do custo pelas empresas da amostra. Mesmo com a existência de escolhas contábeis, considera-se que existe comparabilidade entre as práticas contábeis no reconhecimento em Propriedades para Investimentos das empresas listadas na BM&FBOVESPA e na NYSE. Entretanto, o grau de comparabilidade apresentou-se baixo para a comparabilidade internacional e médio, próximo ao limite inferior, para a comparabilidade por bolsa. Um fato curioso é a apresentação de um grau de comparabilidade maior para as empresas listadas na BM&FBOVESPA, em relação às listadas na NYSE, que é um mercado de capitais mais desenvolvido. Na análise da comparabilidade por setor, observou-se grau médio próximo ao limite superior. Foi possível inferir também que os baixos graus de comparabilidade identificados podem estar relacionados às diferentes escolhas realizadas pelas empresas quanto aos métodos de mensuração. Palavras-chave:Comparabilidade. Escolhas Contábeis. Propriedades para Investimento. Índice T. ABSTRACTThis research aimed to identify the consequence of the accounting choices made by public companies managers listed on the NYSE and the BM&FBOVESPA, in relation to the subsequent measurement of investment properties, through identifying the comparability degree of financial reports from the year 2013. The degree of comparability was calculated using the T index Taplin. In this paper, it was observed that, in a more conservative way, to both stock exchanges, there was increased use of the cost method for the sample companies. Even with the existence of accounting choices, it is considered that there is comparability between accounting practices in the recognition of investment property from the companies listed on the BM&FBOVESPA and NYSE. However, the degree of comparability was presented _____________________________________________________________________________ Contabilidade, Gestão e Governança -Brasília · v. 20 · n. 1 · p. 113-132 · jan./abr. 2017114 low for the international comparability and in the medium, near the lower limit for comparability per stock exchange. A curious fact is the presentation of a greater degree of comparability for the companies listed on the BM&FBOVESPA in relation to listed on the NYSE, which is a more developed capital market. In the analysis of the comparability by sector, it was observed a medium degree close to the upper limit. It has also been inferred the low comparability degrees identified may be related to the different choices made by the companies regarding the measurement methods.

show abstract

Interpretation and application of “new” and “complex” international financial reporting standards in Fiji: Implications for convergence of accounting standards

Cited by 27 publications

References 48 publications

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Accounting and Accountability in Fiji: A Review and Synthesis

Comparabilidade das Escolhas Contábeis em Propriedades para Investimentos de Empresas Listadas na BM&FBOVESPA e NYSE

Contact Info

Product

Resources

About