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The development of accounting standards and regulations in China since the economic reform of 1978.January 1994 (has links)
by Szeto Kam-fai, Peter, Lee, Wai-wah, Viva. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1994. / Includes bibliographical references (leaves 83-84). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / LIST OF FIGURE --- p.vii / ACKNOWLEDGEMENT --- p.viii / CHAPTERS / Chapter I. --- INTRODUCTION --- p.1 / Chapter 1.1 --- The Soviet Accounting Model for Centrally Planned Control Economy --- p.2 / Chapter 1.2 --- Impact of the Open Door Policy --- p.2 / Chapter 1.3 --- Joint Venture Accounting --- p.3 / Chapter 1.4 --- Joint Stock Reform Program --- p.4 / Chapter 1.5 --- Accounting Regulations for Pilot PRC Joint Stock Companies --- p.4 / Chapter 1.6 --- Accounting Standards Regulations for Enterprises --- p.5 / Chapter 1.7 --- Objective and Methodology --- p.6 / Chapter 1.8 --- Organization of the Report --- p.6 / Chapter II --- GENERAL CHARACTERISTICS OF THE CHINESE ACCOUNTING SYSTEMS AND REGULATIONS --- p.8 / Chapter 2.1 --- Uniform and Rigid Accounting Regulations --- p.8 / Chapter 2.2 --- Concept of Fund Application and Fund Source --- p.10 / Chapter 2.3 --- Rule-oriented Regulations without Conceptual Framework for the Accounting Regulations --- p.12 / Chapter 2.4 --- Tax-driven Approach for Measuring Accounting Profit --- p.13 / Chapter III. --- JOINT VENTURES ACCOUNTING IN PRC --- p.15 / Chapter 3.1 --- Differences between the Old and the New PRC Joint Venture Accounting Regulations --- p.17 / Chapter 3.1.1 --- Wider Scope of Coverage --- p.17 / Chapter 3.1.2 --- More Comprehensive Accounting Definitions --- p.18 / Chapter 3.1.3 --- Recognition of Probable Losses --- p.21 / Chapter 3.1.4 --- Introduction of New Accounting Treatments --- p.22 / Chapter 3.1.5 --- Additional Disclosure Requirements --- p.27 / Chapter 3.2 --- Differences between the New PRC Joint Venture Accounting Regulations and the International Accounting Standards --- p.29 / Chapter 3.2.1 --- Rigid Pre-defined Accounting Rules Not Consistent with the IASs --- p.30 / Chapter 3.2.2 --- Probable Losses Not Fully Accounted for in the Light of the IASs --- p.32 / Chapter 3.2.3 --- Accounting Treatments Not Consistent with the IASs --- p.34 / Chapter 3.2.4 --- Major Topics or Information Not Adequately Covered or Disclosed by the New Regulations in the Light of IASs --- p.38 / Chapter IV --- ACCOUNTING REGULATIONS FOR PILOT JOINT STOCK COMPANIES --- p.42 / Chapter 4.1 --- Areas of Inconsistencies Removed by the Addenda --- p.44 / Chapter 4.2 --- Major Inconsistencies Not Resolved in the Light of IASs --- p.51 / Chapter 4.3 --- Conclusion - the 'Joint Stock Accounting Regulations' --- p.56 / Chapter V. --- ACCOUNTING STANDARDS FOR ENTERPRISE IN PRC --- p.58 / Chapter 5.1 --- Development of Accounting Standards in PRC --- p.60 / Chapter 5.2 --- Relationship between the 'Accounting Standards' and the 'Financial Regulations' --- p.61 / Chapter 5.3 --- Relationship between the 'Accounting Standards' and the 'Accounting Regulations' --- p.63 / Chapter 5.4 --- Improvements in the New 'Accounting Standards' --- p.65 / Chapter 5.5 --- Difference between the 'Accounting Standards' and the IASs --- p.70 / Chapter VI. --- FUTURE DEVELOPMENT OF ACCOUNTING STANDARDS AND REGULATIONS IN CHINA --- p.74 / APPENDICES / Chapter A. --- BALANCE SHEET FOR STATE INDUSTRIAL ENTERPRISES --- p.79 / Chapter B. --- BALANCE SHEET FOR STATE COMMERCIAL ENTERPRISES --- p.80 / Chapter C. --- FUND APPLICATION FOR STATE INDUSTRIAL ENTERPRISES --- p.81 / Chapter D. --- FUND SOURCE FOR STATE INDUSTRIAL ENTERPRISES --- p.82 / BIBLIOGRAPHY --- p.83
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Compliance with international accounting standards by listed companies in the Gulf Co-operation Council member states : an empirical studyAl-Shammari, Bader A. January 2006 (has links)
The aim of this study was to investigate empirically the extent of mandatory compliance with international accounting standards (IASs) by companies in the Gulf Co-Operation Council (GCC) member states - namely, Bahrain, Oman, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates (UAE) - between 1996 and 2002, and to explain why some companies comply more than others. Official personnel in the relevant enforcement bodies were interviewed to obtain information about their monitoring and enforcement activities. An index of compliance was devised to quantify the level of compliance. This was applied to the financial statements of 137 listed companies. Multivariate regression analysis was employed to explore the relationships between the level of compliance and particular attributes of the companies and year-by-year dummy variables. This was done to discover if the level of compliance with IASs was influenced only by company attributes or whether there were time trends as well. The attributes were country of origin, size, leverage, liquidity, profitability, auditor, industry, internationality, ownership diffusion and the company’s age. The average level of compliance for all companies and all years was 75% of the items in the index. No company within the examined time period fully complied with all requirements. The average level of compliance increased over time, though, from 68% in 1996 to 82% in 2002. There was significant variation in the level of compliance across the six GCC member states as well, but the level of compliance increased in all states over the sample period. The highest average level of compliance was in Saudi Arabia, where it reached 88% in the last year of the study. The degree of non-compliance with IASs across the GCC member states was partially attributable to limited monitoring and enforcement by the bodies responsible for overseeing financial reporting, and to the limited comprehensiveness of audits by external auditors. In addition to the role of the enforcement bodies and external auditors, several company attributes helped explain the level of compliance with IASs. Compliance variation increased with a company’s size, leverage and internationality. The level of compliance varied by industry too; however, company profitability, liquidity, ownership diffusion and whether the audit was conducted by a major international audit firm were found not to be significant factors.
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Erfolgsberichterstattung : Konzeption, Darstellung und Weiterentwicklung nach internationalen Rechnungslegungsstandards /Caliz, Stefan, January 2003 (has links) (PDF)
Sankt Gallen, Univ., Diss., 2003.
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A State of Flux: The Future of the Financial Accounting Standards Board (FASB) in the Face of International Financial Reporting Standards (IFRS)O'Malley, Sean L. 18 June 2012 (has links)
No description available.
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The legitimacy of International Financial Reporting Standards (IFRS) : an assessment of the due process of standard-settingAmisi, Bright 17 October 2013 (has links)
International Financial Reporting Standards (IFRS) are required or permitted for use in over 100 countries across the world. IFRS are developed by the International Accounting Standards Board (IASB). The IASB, with no formal or legal mandate, is performing a task normally reserved for national standard-setters. This study sought to establish the legitimacy of IFRS by assessing the due process of the IASB. The study established that countries have different motivations for choosing IFRS which raises legitimacy concerns. The global financial crisis compounded the legitimacy challenges of IFRS by exposing due process vulnerabilities. The study established that the IFRS governance structures are dominated by powerful stakeholders especially members of the G-20. Although the due process procedures provide opportunities for participation, actual participation is still dominated by constituents from Europe. Africa and South America still account for very low proportions of governance seats and participants in standard-setting projects. / Financial Accounting / M. Com. (Accounting)
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The legitimacy of International Financial Reporting Standards (IFRS) : an assessment of the due process of standard-settingAmisi, Bright 18 February 2013 (has links)
International Financial Reporting Standards (IFRS) are required or permitted for use in over 100 countries across the world. IFRS are developed by the International Accounting Standards Board (IASB). The IASB, with no formal or legal mandate, is performing a task normally reserved for national standard-setters. This study sought to establish the legitimacy of IFRS by assessing the due process of the IASB. The study established that countries have different motivations for choosing IFRS which raises legitimacy concerns. The global financial crisis compounded the legitimacy challenges of IFRS by exposing due process vulnerabilities. The study established that the IFRS governance structures are dominated by powerful stakeholders especially members of the G-20. Although the due process procedures provide opportunities for participation, actual participation is still dominated by constituents from Europe. Africa and South America still account for very low proportions of governance seats and participants in standard-setting projects. / Financial Accounting / M. Com. (Accounting)
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Evaluering van twee groepe dubbelgenoteerde maatskappye, wat op die JSE Sekuriteitebeurs van Suid-Afrika genoteer is, vir suksesvolle omskakeling na internasionale finansiele verslagdoeningstandaarde teen 2005Smith, Heidi Helette 12 1900 (has links)
Thesis (MAcc (Accountancy))--University of Stellenbosch, 2005. / The fact that investors increasingly invest in companies from another country than
the investor himself and the consequential globalisation of capital markets, resulted
in the European Parliament and Council (EP) accepting Regulation No. 1606/2002
during 2002. The consequence of the regulation was that uniform accounting
standards had to be implemented throughout the European Union (EU). The
accounting standards that were accepted, are the International Financial Reporting
Standards (IFRS) (previously known as International Accounting Standards (IAS)).
The regulation further determined that the effective date of this required compliance
with IFRS was 1 January 2005. At the time when the regulation was accepted, most
companies that were listed on the JSE Securities Exchange of South Africa (JSE) still
prepared their financial statements in accordance with South African Statements of
Generally Accepted Accounting Practice (South African SGAAP). The implication of
the acceptance of the regulation by the EP was that in the event that a company was
not only listed on the JSE but also on a stock exchange in the EU, the financial
statements of that company would have to be prepared in accordance with IFRS.
In this study two groups of companies were selected for evaluation. The one group
consists of companies with a primary listing on the JSE and a secondary listing in the
EU (first group) and the other group has a primary listing in the United Kingdom (UK)
and thus the EU, with a secondary listing on the JSE (second group). The purpose of
the study is to identify the implications of the acceptance of abovementioned
regulation on the financial reporting of the selected companies.
Firstly, a study was made of the differences between the Generally Accepted
Accounting Practice of the United Kingdom (UK GAAP) and IFRS. The reason for this
largely relates to the fact that there are still substantial differences between these two
sets of accounting standards. No such study was conducted in respect of differences
between South African SGAAP and IFRS as South African SGAAP was completely
replaced by IFRS during 2004 and hence no differences exist any more. The only
exception relates to the 500 series of standards that are unique to South Africa.
There are, however, only two issued standards in this series and hence no further
attention was paid to that. Hereafter the 2002 financial statements of all the selected companies were evaluated
by measuring it against an IFRS disclosure checklist for 2002. The purpose was to
identify the extent to which the selected companies comply with IFRS by focusing on
the areas with regards to which they do not comply with IFRS. It was found that the
companies of the first group largely fail to comply with IFRS in respect of matters of
disclosure, whilst the second group of companies sometimes also, in their application
of recognition requirements and measurement guidelines, used different practices to
those suggested by IFRS. This was largely attributable to the fact that there are
substantial differences between UK GAAP and IFRS, whilst South African SGAAP
and IFRS already were very similar until recently.
Consequently, questionnaires were sent to interested selected companies in which
they could give feedback on their level of awareness and perceptions of the required
transition to IFRS by 2005 as well as the procedures that they have followed or will
follow in their process of transition to IFRS.
Fourthly the 2003 financial reports of the selected companies were evaluated for
compliance with IFRS by measuring it against the IFRS disclosure checklist that
would be applicable on their 2004 financial periods. This was done in order to
determine whether the selected companies showed any progress in their level of
compliance with IFRS. This process also identified which IFRS, which were issued
during 2003/2004, will be applicable on the 2004 or later financial periods of the
selected companies, as these are further areas that will demand the attention of the
selected companies in their process of becoming IFRS compliant. It was found that
all selected companies showed rather little progress in their level of IFRS
compliance. It is however concerning that even though South African SGAAP were
previously very narrowly aligned with IFRS, the companies of the first group still fail to
comply with fairly simple disclosure requirements. It would thus appear that they do
not take the process of transition to IFRS serious enough. The fact that the second
group of companies also did not make much progress can still be justified by the fact
that UK GAAP were not aligned closer to IFRS during 2003 and most of the selected
companies were still busy with the planning process for the transition to IFRS. It is
expected that the financial statements of these companies will display substantial
progress in their 2004 financial periods. Finally the compliance mechanisms were studied in order to determine which
processes are in place to ensure that companies will indeed comply with IFRS. This
study was done in respect of the EU, the UK and South Africa. All three these
regions either already have or will have bodies in the near future that will have the
task of evaluating the financial statements of listed companies for IFRS compliance.
The conclusion is however that as a result of the negative consequences of noncompliance
with IFRS sufficient factors do exist that will motivate companies to fully
comply with IFRS. In addition, the listing requirements of the JSE has changed and
financial reporting in accordance with IFRS is now a requirement.
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An empirical analysis of mandatory valuation allowance change in China: an accounting choice and valuation study.January 2001 (has links)
Chen Chang. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 33-34). / Abstracts in English and Chinese.
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Avaliação das contas a receber: um estudo da aplicação das Normas Internacionais de Contabilidade nas contas a receberOscar, Natanael de Souza 10 October 2011 (has links)
Made available in DSpace on 2016-04-25T18:39:42Z (GMT). No. of bitstreams: 1
Natanael de Souza Oscar.pdf: 4182278 bytes, checksum: 56545453917892a94a5fa6db91235a6d (MD5)
Previous issue date: 2011-10-10 / International accounting has become a worldwide reality and, in Brazil the
harmonization process began in 2008, with the promulgation of laws 11.638/07and
11.941/09 when international accounting was adapted for the large companies, in
regard to the preparation and publication of financial statements, thus initiating the
adhesion to the standards of International accounting. With the creation of the CPC
(Committee of Accounting Standards) by resolution CPC no. 1055/05, the process of
aligning Brazilian accounting standards to the international standards began with the
following objectives: The coherence of standards. The centralization of the translation
and issue of standards. The democratic process in the preparation of these
standards by the participation of all interested parties such as auditors, and users,
whether institutional, academic or governmental. Considering this innovation, as well
as the need to develop literature on this theme the realization of a study on
international accounting standards and their effect on the evaluation and presentation
of Accounts Receivable is described here. To achieve this objective a bibliographic
research was made followed over the available literature as well the analyses over
the available laws and legal instructions about the theme. Additionally, a randomly
research and a review of the published financial statements at December 31, 2009,
of previously selected companies listed on the Sao Paulo stock exchange
(BOVESPA) related to various the business segments (Trade, Paper Industry, Steel
and metals, Construction, Aerospace Industry, Medical, Education, Telephone,
Energy and Air Transport) was performed and thus evaluating and presenting the
accounts receivable based on new accounting norms aligned international
accounting standards - IFRS - International Financial Reporting Standards.
In conclusion to our work, we observed that the surveyed companies did apply
international accounting standards to their financial statements prepared and
published at that date, thereby evaluating and presenting Accounts Receivable within
the new Brazilian accounting standards aligned to the International Accounting
Standards / A contabilidade internacional tornou-se realidade mundial. No Brasil, o processo de
harmonização iniciou-se em 2008, a partir da edição das Leis nº 11.638/07 e
11.941/09 (conversão em lei da MP 449/08), quando contabilidade internacional foi
adaptada às sociedades de grande porte, dispondo quanto à elaboração e
divulgação de demonstrações financeiras, iniciando, desta forma o processo de
adesão aos padrões internacionais de contabilidade. Com a criação do CPC, Comitê
de Pronunciamentos Contábeis, a partir da Resolução CFC nº 1055/05, inicia-se o
processo de alinhamento das normas contábeis brasileiras às normas contábeis
internacionais, objetivando: a convergência em si; ii) a centralização do processo de
tradução e emissão das normas e, iii) o processo democrático na produção dessas
normas mediante a participação de produtores das normas, auditores, usuários,
intermediário, academia e governo. Considerando esta novidade, bem como a
necessidade de se desenvolver literatura sobre o tema, a realização de um estudo
sobre as normas internacionais e seu efeito sobre a avaliação e a apresentação das
das Contas a Receber é apresentado neste trabalho. Para atingir o objetivo
proposto neste estudo, foi realizada uma pesquisa de abordagem qualitativa, com a
revisão da literatura composta por levantamento bibliográfico, bem como análise
documental das referidas leis buscando embasar teoricamente o estudo. Para
complementar o estudo optou-se por realizar uma pesquisa do tipo exploratóriadescritiva,
com empresas listadas na Bolsa de Valores de São Paulo BOVESPA,
na data de 31 de Dezembro de 2009, e que atendem, por obrigação, à Lei
11.638/07, na elaboração e divulgação de seus resultados financeiros. A escolha
das empresas, em número de dez, deu-se aleatoriamente, uma vez que seus dados
são públicos, contudo buscou-se a diversidade nos segmentos de atuação (de
Comércio, Indústria de Papel, Siderurgia e Metalurgia, Construção Civil, Indústria
Aeronáutica, Médico, Educação, Telefonia, Energia e Transporte Aéreo). Na
elaboração das considerações finais do trabalho, como resultado foi possível
concluir que, as empresas pesquisadas aplicaram as normas internacionais para as
demonstrações financeiras levantadas e publicadas para aquele período, estando
desta forma avaliando e apresentando as contas a receber com base nas novas
normas contábeis brasileiras alinhadas às normas contábeis internacionais - IFRS -
International Financial Reporting Standard
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Three essays on the economic consequences of mandatory adoption of IFRS in Europe. / Three essays on the economic consequences of mandatory adpotion of International Financial Reporting Standards in Europe / CUHK electronic theses & dissertations collectionJanuary 2011 (has links)
pt. 1. The mandatory adopton of IFRS and Big4 audits on earnings quality -- pt. 2. The cross-border spillover effect of financial reporting on investment efficiency: evidence from mandatory IFRS adoption -- pt. 3. Discretionary fair value earnings and CEO cash compensation: evidence from continental Europe. / Chen, Chen. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2011. / Includes bibliographical references (leaves 148-157). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstract also in Chinese.
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