Measuring convergence of National Accounting Standards with International Financial Reporting Standards

Fontes, Alexandra; Rodrigues, Lúcia Lima; Craig, Russell

doi:10.1016/j.accfor.2005.05.001

Cited by 68 publications

(56 citation statements)

References 20 publications

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“…Additionally, only a few IFRS-inspired IAS were adopted and most were only one or two pages long. Fontes, Rodrigues, and Craig (2005) concluded that in 2002 Portuguese standards were 50% similar, in terms of accounting treatments and strength of accounting methods, with IFRS. The level of disclosure in POC standards was very low also.…”

Section: The Portuguese Accounting System and Institutional Settingmentioning

confidence: 99%

Institutional Change of Accounting Systems: The Adoption of a Regime of Adapted International Financial Reporting Standards

Guerreiro

Rodrigues

Craig

2014

European Accounting Review

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This study combines Dillard et al.'s [(2004). The making and remaking of organization context:Duality and the institutionalization process. Accounting, Auditing & Accountability Journal, 17(4), 506-542] institutional change model with institutional entrepreneurship theory. The aim is to enhance understanding of institutional change processes when a country adopts international accounting standards. For empirical support, we focus on the changes in social structures and accounting practices that arose in 2010 when Portugal replaced its national accounting system for unlisted companies, with a new system of accounting based on International Financial Reporting Standards. We reveal how an evolving socio-economic and political context, and the embedding of central actors in multiple fields, facilitated entrepreneurial action by actors who took political opportunity, mobilised important allies, and accommodated the interests of major protagonists. We draw attention to the possibility of an earlier inversion of the cascading institutionalisation process than is envisaged by Dillard et al. (2004). At the organisational field level, we highlight how national professional accounting associations and business associations can shape criteria established at the political and economic level, thereby counteracting the institutionalisation process. At the organisational level, we focus on the accounting standard for small and medium-sized entities. We provide insights to why some accountants maintained structures of meaning associated with the previous accounting system.

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Section: The Portuguese Accounting System and Institutional Settingmentioning

confidence: 99%

Institutional Change of Accounting Systems: The Adoption of a Regime of Adapted International Financial Reporting Standards

Guerreiro

Rodrigues

Craig

2014

European Accounting Review

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“…It is also considered important to emerging economies and developing countries that seek to acquire wealth through the adoption of business practices that are globalized such as a set of accounting standards (Harris, 2002). There is a promise of "transparent, comparable and consistent financial information" that can guide investors to making "optimal investment decisions" because of the convergence of many national Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRSs) (Fontes et, 2005;Jacob and Madu 2004). There has been recognition within developing countries for the need to participate in the opportunities offered by globalization (United Nations General Assembly, 2004).…”

Section: The Growth Of Accounting Standards In the Uae Over The Periodmentioning

confidence: 99%

The Advantages and the Challenges of Adopting IFRS into UAE Stock Market

Alsaqqa¹,

Sawan²

2013

IJBM

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This paper aims to assess the benefits gained and the challenges experienced by companies listed on the UAE stock market following the introduction of IFRS. Since the announcement by the European Union to adopt IFRS by listed companies, many countries have followed suit, hoping to gain competitive edge in attracting the Foreign Direct Investment to boost their economic growth. This study focuses on examining the advantages and challenges faced by companies listed on the UAE stock market listed companies as a result of adopting IFRS. The framework used in this analysis will be based on the identification and assessment of key drivers influencing companies listed on the UAE stock market. To what extent are these factors internal or external to the financial sector, but which have a direct bearing on the overall economic environment? The views and perceptions of the Chief Financial Officers' (CFOs) for Dubai and Abu Dhabi listed companies, financial analysts of the financial statements in the two listed companies and auditors will be analysed. Methodology:Questionnaires were used as the main method of data collection. Questionnaire were distributed in both Dubai and Abu Dhabi markets, The data obtained through the questionnaires have been imported into software for analysis, namely, the Statistical Package for the Social Sciences (SPSS). Findings:The results clearly show that the benefits of adopting IFRSs in UAE inevitably far outweigh the difficulties and costs. The findings also reveal that adoption of IFRSs in UAE stock markets has improved the overall standard of the quality of financial reporting, which help in attracting investors to invest in the UAE stock markets. However, many respondents were still apprehensive that effective and professional financial reporting decisions will be affected by the level of education of accounting users, the methods provided by some IFRSs, and the inadequate enforcement mechanisms.

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“…Seperti yang telah dikatakan sebelumnya, penelitian ini berdasarkan pada penelitian yang telah dilakukan sebelumnya oleh Fontes et al (2005) dan Rosinta Ria Panggabean (2007) …”

Section: Pengembangan Hipotesisunclassified

“…Untuk mengukur tingkat kesesuaian antara standar akuntansi keuangan Indonesia (SAK) dengan standar akuntansi internasional (IFRS), penulis menggunakan empat puluh tiga isu akuntansi sesuai dengan yang disusun oleh Fontes, et al (2005). Kemudian dilakukan observasi paragraf per paragraf terhadap PSAK dan IFRS untuk setiap item isu akuntansi tersebut.…”

Section: Hasil Dan Pembahasan Data Sekunderunclassified

Mengukur Tingkat Kesesuaian antara Standar Akuntansi Keuangan dengan International Financial Reporting Standards per 1 Januari 2008

Panggabean

2010

Binus Business Review

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Measuring convergence of National Accounting Standards with International Financial Reporting Standards

Cited by 68 publications

References 20 publications

Institutional Change of Accounting Systems: The Adoption of a Regime of Adapted International Financial Reporting Standards

Institutional Change of Accounting Systems: The Adoption of a Regime of Adapted International Financial Reporting Standards

The Advantages and the Challenges of Adopting IFRS into UAE Stock Market

Mengukur Tingkat Kesesuaian antara Standar Akuntansi Keuangan dengan International Financial Reporting Standards per 1 Januari 2008

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