Journal ArticleDOI
Evaluating the statistical significance of de facto accounting harmonization: a study of European global players
Leandro Cañibano,Araceli Mora +1 more
TLDR
In this paper, the authors focus on the process of harmonization of financial accounting within the European Union and show that there has been greater conformity in recent years in the accounting practices of companies which operate on the international stage.Abstract:
Two different forces are involved in the international harmonization of accounting: institutional endeavours to harmonize accounting internationally by developing common accounting rules and reporting standards, and spontaneous efforts by ‘global players’ to adopt accounting methods that will improve communication with users in other countries. These two developments are proceeding side by side, generally reinforcing one another but occasionally moving independently. This paper is primarily concerned with the process of harmonization of financial accounting within the European Union. The hypothesis we want to test is that, in spite of the obstacles to the harmonization of regulations in the European Union, there has been greater conformity in recent years in the accounting practices of companies which operate on the international stage. If so, the implications for the harmonization strategies of the international bodies are important. In this study, we first carry out a critical analysis of previous resea...read more
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Journal ArticleDOI
Convergence with IFRS in an expanding Europe: progress and obstacles identified by large accounting firms’ survey
Robert K. Larson,Donna L. Street +1 more
TL;DR: The International Accounting Standards Board (IASB) acquired greater legitimacy and stature when the European Union (EU) decided to require all listed companies to prepare consolidated accounts based on International Financial Reporting Standards (IFRS) beginning in 2005 as discussed by the authors.
Journal ArticleDOI
Financial accounting developments in the European Union: past events and future prospects
TL;DR: The decision of the European Union (EU) to oblige listed European companies to establish their consolidated financial statements according to IFRS (IAS) represents a preliminary peak in the internationalization process of financial accounting in Europe as mentioned in this paper.
Journal ArticleDOI
Measuring convergence of National Accounting Standards with International Financial Reporting Standards
TL;DR: In this article, three methods for measuring the success achieved in effecting convergence between any two sets of accounting standards are analyzed, including Jaccard's coefficients and Spearman's coefficients.
Posted Content
Trends in research on international accounting harmonization
TL;DR: The authors reviewed articles published in major English language accounting journals during the period from 1965 through 2004 in order to trace thematic and methodological trends in this line of research and to assess where the research may evolve from here.
Journal ArticleDOI
Chinese GAAP and IFRS: An analysis of the convergence process
TL;DR: This article examined the process of convergence of Chinese GAAP with IFRS from the perspective of process theory and concluded that a combination of staged implementation and direct import has proven to be practical and effective in the convergence.
References
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Book
An introduction to the bootstrap
Bradley Efron,Robert Tibshirani +1 more
TL;DR: This article presents bootstrap methods for estimation, using simple arguments, with Minitab macros for implementing these methods, as well as some examples of how these methods could be used for estimation purposes.
Journal ArticleDOI
An Introduction to the Bootstrap.
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TL;DR: In this paper, the authors discuss the causes and examples of international differences in financial reporting, and present an overview of accounting differences in eight GAAPs, 2015, and discuss the enforcement of financial reporting standards.
Journal ArticleDOI
Computer Intensive Methods for Testing Hypotheses: An Introduction
Scott M. Smith,Eric W. Noreen +1 more
TL;DR: In this paper, approximate randomization tests are applied to bootstrap resampling, Monte Carlo sampling, and Bootstrap Resampling are used to estimate randomization test parameters.
Journal ArticleDOI
Measuring International Harmonization and Standardization
J. S. W. Tay,Robert H. Parker +1 more
TL;DR: In this article, the authors analyze six recent studies dealing with the measurement of international harmonization of financial reporting and propose an alternative methodology for measuring harmonization suggested, and discuss the issues and problems relating to the definition and operationalization of terms, sources of data, statistical methods and causation.