International Financial Reporting Standards: Critical Perspectives on Business and Management

by Alexander; David

• ISBN13: 9780415380973
• ISBN10: 0415380979
• Edition: 1st
• Format: Nonspecific Binding
• Copyright: 2008-07-07
• Publisher: Routledge

Summary

International Financial Reporting Standards (IFRS), and the possibility of global accounting harmonization, have recently gained enormously in importance, both practically and from an academic and research perspective. Since 2005, European and Australian listed enterprises are required to use IFRS for Consolidated Financial Statements. Other countries - from New Zealand to China - are actively moving towards these standards. And now, the IFRS Board and the American Regulatory System are publicly committed to a convergence programme. This major work, edited by two leading experts in the field, is a timely appraisal of academic and regulatory work in relation to this whole process. These important volumes bring together - otherwise inaccessible - early material which is vital to the understanding of the historical perspective, both in terms of the current situation and of future developments. International Financial Reporting Standards provides a broad overview, in addition to detailed coverage, of thisimportant and fascinating topic, including a discussion of the processes of change and developments which have led from a widely disparate starting position to the current situation. The four volumes are fully indexed and each includes an informative, contextual introduction by the editors.

Table of Contents

Context: The Need for International Standardisation of Accounting

Diversity and its Effects

Influences on Accounting

Classification

Measuring Standardisation

The Early Years of the International Accounting Standards Committee

Foundation of the IASC

Assessments of the IASC and its Standards

Compliance and Harmonisation with IASs

The Later Years of the International Accounting Standards Committee

Conceptual Issues

Reports on IASC Board Meetings

Technical Issues

Use of IASs by Companies

The IASB: The Standards and their Widespread Adoption

Conceptual Issues

Technical Issues

Widespread Adoption of IFRS

Effects of IFRS

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