Redovisningen syftar till att generera en rättvisande bild av ett företags finansiella ställning. Forskning visar att den principbaserade redovisningen ger en mer rättvisande bild av ett företag än den regelbaserade. Det är Bokföringsnämnden som skapar normgivningen för svenska företag som inte är tvingade att tillämpa IFRS. För mindre svenska företag finns möjligheten att tillämpa K2 som är ett förenklat regelverk och som anses regelbaserat. K3 ska tillämpas av större svenska företag och är ett principbaserat regelverk.  Syftet med studien är att ta reda på vilka motiv som finns bakom företag som frivilligt väljer att tillämpa K3 samt om fler företag borde välja K3 framför K2. Studiens frågeställning besvarades genom en kvalitativ forskningsmetod där tre revisorer intervjuades. Studien visar att företag som planerar för en framtida försäljning väljer K3 för att generera mer information till sina intressenter. Tillväxtföretag väljer K3 för att komma in i rätt regelverk från start. Övriga motiv till frivillig tillämpning av K3 är att vara bäst i klassen, möjligheten till komponentavskrivningar på fastigheter, möjligheten att aktivera utvecklingskostnader inom forskning och utveckling, aktivering av immateriella tillgångar, redovisning av uppskjuten skatt samt viljan att skydda det egna kapitalet. Studien visar inte att fler företag generellt borde välja K3 framför K2.  Studiens huvudsakliga bidrag är att öka förståelsen till varför företag frivilligt väljer ett mer avancerat regelverk i den svenska kontexten eftersom forskning främst finns på internationell nivå. Studien bidrar ytterligare till att ge revisorers syn på diskussionen kring huruvida fler företag borde redovisa enligt K3 i stället för K2. / Financial reports aim to generate a true and fair view of a company's financial position. Researchshows that principle-based accounting provides a more accurate picture of a company than rulebased accounting. It is Bokföringsnämnden that creates the standard setting for Swedish companies that are not forced to apply IFRS. For smaller Swedish companies, there is a possibility of applying K2 which is considered rule-based. K3 is to be applied by larger Swedish companiesand is principle-based. The purpose of the study is to find the motives behind companies that voluntarily choose to apply K3 and whether more companies should choose K3 over K2. The study's issues were answered through a qualitative research method where three auditors were interviewed. The study shows that companies planning for a future sale choose K3 to generate more informationto their stakeholders. Growth companies choose K3 to apply the right regulations from start. Other motives for voluntary application of K3 are the desire to be best in class, opportunities for component depreciation on properties, opportunities to capitalize development costs in research and development companies, capitalization of intangible assets, reporting of tax estimates and the desire to protect equity. The study does not show that more companies generally should chooseK3 over K2. The study's main contribution is to increase the understanding why companies voluntarily choose a more advanced regulatory framework in the Swedish context, as research is primarily available at an international level. The study also presents auditors’ views on the discussion about whether more companies should report according to K3 instead of K2.

The regional economic community (REC) of the Southern African Development Community (SADC) compri'ses 15 Southern African countries. The' economic and political aspects of regional integration in SADC dictate the pace of integration while the influence of a legal regime for regional integration remains at the periphery. While the SADC Treaty and its Protocol on Trade are clear about the priority of economic integration; the full implementation of SADC's economic integration is still yet to be realised using these legal instruments. Regional economic integration is also a priority at both continental and global level. The legal instruments applicable at these levels are those established through the African Union (AU) and the World Trade Organisation (WTO) respectively. Analysis of these external legal instruments is relevant because SADC Member States are signatories to agreements establishing these organisations·. Thus, rules based trade in SADC should be understood from a regional, continental and global perspective where a community must have well-structured and managed relations between itself and other legal systems as a necessary condition for its effectiveness. These structured relations refers to a legal and institutional framework that defines the relations between community and national laws, spelling out the modalities for implementing community law in Member States, defines the respective competencies of the community and Member States and provide rule based systems for resolution of conflicts. In setting the scene for an in-depth discussion of the legal and institutional framework for regional economic integration in SADC, this study presents the history of SADC, its political and economic characteristics that have shaped the legal aspects of trade within the region, the continent of Africa and the world at large. Within this context, the definition of regional integration is presented from a general and international understanding but ultimately gets narrowed down to what it means for Africa and SADC. The discussion on the · theories behind regional economic integration gives understanding to the integration approach employed in the organisation. South Africa's economic and political leadership is critical in the realisation of economic integration; hence this study acknowledges that without South Africa's full commitment; regional economic integration will suffer .a setback. Besides the challenge of implementing rules based trade in SADC, this study also identifies a number of obstacles to SADC regional economic integration and multiple memberships are identified as a: major stumbling block. A comparative study of SADC's institutional framework with that of the E1;Jropean Union· (EU) is undertaken to establish the rationale behind SADC's choice of utilising the EU model of integration. This study establishes the critical role institutions play in the implementation of treaty obligations as established by the agreements. The main lesson from this comparative study is that the EU institutions are allowed to fulfill their obligations of implementing treaty provisions, while SADC institutions are handicapped. The future of SADC is presented within the context of a set of recommendations that identifies the tripartite free trade area (FTA) that includes the East Africa Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA) as one of viable legal instrument for deeper integration in SADC and the continent of Africa. General recommendations are made on the need for reform of rules and principles that are necessary for the implementation of SADC Treaty regime as well as possible improvements that are important for the full realisation of regional economic integration. / PhD (Law), North-West University, Potchefstroom Campus, 2012

The regional economic community (REC) of the Southern African Development Community (SADC) compri'ses 15 Southern African countries. The' economic and political aspects of regional integration in SADC dictate the pace of integration while the influence of a legal regime for regional integration remains at the periphery. While the SADC Treaty and its Protocol on Trade are clear about the priority of economic integration; the full implementation of SADC's economic integration is still yet to be realised using these legal instruments. Regional economic integration is also a priority at both continental and global level. The legal instruments applicable at these levels are those established through the African Union (AU) and the World Trade Organisation (WTO) respectively. Analysis of these external legal instruments is relevant because SADC Member States are signatories to agreements establishing these organisations·. Thus, rules based trade in SADC should be understood from a regional, continental and global perspective where a community must have well-structured and managed relations between itself and other legal systems as a necessary condition for its effectiveness. These structured relations refers to a legal and institutional framework that defines the relations between community and national laws, spelling out the modalities for implementing community law in Member States, defines the respective competencies of the community and Member States and provide rule based systems for resolution of conflicts. In setting the scene for an in-depth discussion of the legal and institutional framework for regional economic integration in SADC, this study presents the history of SADC, its political and economic characteristics that have shaped the legal aspects of trade within the region, the continent of Africa and the world at large. Within this context, the definition of regional integration is presented from a general and international understanding but ultimately gets narrowed down to what it means for Africa and SADC. The discussion on the · theories behind regional economic integration gives understanding to the integration approach employed in the organisation. South Africa's economic and political leadership is critical in the realisation of economic integration; hence this study acknowledges that without South Africa's full commitment; regional economic integration will suffer .a setback. Besides the challenge of implementing rules based trade in SADC, this study also identifies a number of obstacles to SADC regional economic integration and multiple memberships are identified as a: major stumbling block. A comparative study of SADC's institutional framework with that of the E1;Jropean Union· (EU) is undertaken to establish the rationale behind SADC's choice of utilising the EU model of integration. This study establishes the critical role institutions play in the implementation of treaty obligations as established by the agreements. The main lesson from this comparative study is that the EU institutions are allowed to fulfill their obligations of implementing treaty provisions, while SADC institutions are handicapped. The future of SADC is presented within the context of a set of recommendations that identifies the tripartite free trade area (FTA) that includes the East Africa Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA) as one of viable legal instrument for deeper integration in SADC and the continent of Africa. General recommendations are made on the need for reform of rules and principles that are necessary for the implementation of SADC Treaty regime as well as possible improvements that are important for the full realisation of regional economic integration. / PhD (Law), North-West University, Potchefstroom Campus, 2012

One of the realities that developing countries like Nigeria have to face today is that national and international markets have become more and more interconnected through the global platform of telecommunications and the Internet. This global networked economy is creating a paradigm shift in the focus of development goals and strategies particularly for developing countries. Globalisation is driving the nations of the world more into political and economic integration. These integrations are enhanced by a globally interconnected network of economic and communication systems at the apex of which is the Internet. This network of networks thrives on and encourages the expansion of cross-border flows of ideas and information, goods and services, technology and capital. Being an active member of the global network economy is essential to Nigeria’s economic development. It must plug into the network or risk being shut out. The global market network operates by means of rules and standards that are largely set by the dominant players in the network. Data protection is a critical component of the regime of rules and standards that govern the global network economy; it is evolving into an international legal order that transcends geographical boundaries. The EU Directive on data protection is the de facto global standard for data protection; it threatens to exclude non-EU countries without an adequate level of privacy protection from the EU market. More than 50 countries have enacted data protection laws modelled on the EU standard. Access to the huge EU market is a major motivation for the current trend in global harmonisation of domestic data protection laws. This trend provides a compelling reason for examining the issues relating to data protection and trans-border data flows and their implications for Nigeria’s desire to integrate into the global network economy. There are two primary motivations for legislating restrictions on the flow of data across national boundaries. The first is the concern for the privacy of the citizens, and second, securing the economic well-being of a nation. It is important that Nigeria’s privacy protection keeps pace with international norms in the provision of adequate protection for information privacy order to prevent potential impediments to international trading opportunities. / Public, Constitutional, & International / LLD

The disclosure of headline earnings is one of the JSE Limited (JSE)’s listing requirements. All listed entities are required to comply with this disclosure requirement. Guidance in the form of The Circular on headline earnings is issued by the South African Institute of Chartered Accountants (SAICA), and is updated every time when there are changes to the International Financial Reporting Standards (IFRS). The Circular adopts a rules-based approach and specifies what is included and excluded in the calculation of headline earnings. The rules consist of general rules, which apply to all entities other than those industry groups with special provisions such as the life insurance entities. This study questions whether a rules-based headline earnings approach or a principles-based approach is more appropriate for the calculation of headline earnings of listed property entities on the JSE, for economic decision-making purposes. The research method consisted of questionnaires that were sent out to stakeholders. The responses from the CFOs and investment analysts show that principles-based headline earnings guidance is preferred over rules-based headline earnings guidance. / Business Management / M. Phil (Accounting Sciences)

Cette thèse s’intéresse au rôle du Ciblage d’inflation (CI) et des règles budgétaires (RBs), ainsi qu’à celui de leurs interactions, sur l’environnement macroéconomique. Après avoir posé les bases conceptuelles et empiriques de ces deux cadres de politique basés sur des règles (Chapitre 1), la thèse met en évidence de nouveaux résultats relatifs à leurs conséquences macroéconomiques. Premièrement, l’adoption du CI permet d’attirer plus d’investissements directs étrangers dans les pays en développement (Chapitre 2). Deuxièmement, dans ces pays, l’adoption du CI incite fortement les gouvernements à entreprendre des réformes destinées à améliorer la qualité des institutions (Chapitre 3). Troisièmement, l’introduction des RBs numériques au niveau national constitue un remède crédible contre l’indiscipline budgétaire, surtout dans les pays politiquement stables et avec un grand nombre de RBs en place. Mais cet effet disciplinaire des RBs diminue avec la durée de temps consécutive à leur adoption et est affaibli en présence de RBs supranationales et dans les pays à gouvernement fragmenté. Plus intéressant, cet effet varie en fonction du type de règles : tandis que les règles de solde budgétaire et les règles de dépense exercent un effet disciplinaire sur la conduite de la politique budgétaire, l’effet des règles de dette s’avère statistiquement non significatif (Chapitre 4). Les trois derniers chapitres de la thèse analysent le rôle de l’interaction entre le CI et les RBs, et dans une plus grande mesure de l’interaction entre les autorités monétaires et budgétaires. Le premier résultat qui en découle est que le CI, qui est un cadre de conduite de la politique monétaire, s’avère aussi suffisamment contraignant pour les autorités budgétaires de sorte à les inciter fortement à améliorer la discipline budgétaire, notamment dans les pays en développement (Chapitre 5). Par ailleurs, d’une part, le CI et les RBs agissent de façon complémentaire, puisqu’adopter à la fois le CI et les Rbs conduit à de meilleurs résultats budgétaires et inflationnistes qu’adopter seulement l’un ou l’autre de ces deux cadres de politique. D’autre part, la séquence qui consiste à introduire d’abord les RBs avant d’adopter le CI produit de meilleures performances inflationnistes et budgétaires que la séquence inverse (Chapitre 6). Finalement, une meilleure cohérence du Policy-Mix, c'est-À-Dire une meilleure coordination des politiques monétaire et budgétaire conduit à une plus grande croissance économique dans la Communauté Economique des Etats de l’Afrique de l’Ouest (CEDEAO) (Chapitre 7). / This thesis is concerned with the role of Inflation Targeting (IT) and Fiscal Rules (FRs), as well as of their interactions, on macroeconomic environment. After laying the conceptual and empirical backgrounds of both these rules-Based policy frameworks (Chapter 1), the dissertation highlights new evidence on their macroeconomic consequences. First, IT adoption does help attracting more Foreign Direct Investment into Developing Countries (Chapter 2). Second, inthese countries, IT adoption provides strong incentives for governments to undertake reforms designed to improve the quality of institutions (Chapter 3). Third, the introduction of national-Level numerical FRs does stand as a credible remedy against fiscal indiscipline in these countries, all the more in politically stable economies and where the numberof FRs in place is important. But this discipline-Enhancing effect of FRs decreases with the time length since their adoption, and is weakened in the presence of supranational rules and in countries with more fragmented government. Interestingly, this effect varies with the type of rules: while Budget Balance Rules and Expenditure Rules have significant disciplineenhancing effects, the effect of Debt Rules proved not significantly different from zero (Chapter 4). The last three chapters of the thesis focus on the role of the interaction between IT and FRs, and to a broader extent, on the interplay between monetary and fiscal authorities. The first result that emerges is that IT, which is a framework for conducting monetary policy, proves also sufficiently binding for fiscal authorities to providing them with strong incentives for improving fiscal discipline, notably in developing countries (Chapter 5). In addition, on the one hand, IT and FRs act complementarily, as adopting both IT and FRs leads to better results in terms of running fiscal surpluses and in terms of bringing down average inflation than adopting only one of these two frameworks. On the other hand, the sequence which consists of introducing FRs first before adopting IT yields better inflationary and fiscal performances than the opposite sequence (Chapter 6). Finally, better Policy Mix coherence, that is, better coordination between monetary and fiscal policies, is conducive to higher economic growth in the Economic Community of West African States (ECOWAS) (Chapter 7).

One of the realities that developing countries like Nigeria have to face today is that national and international markets have become more and more interconnected through the global platform of telecommunications and the Internet. This global networked economy is creating a paradigm shift in the focus of development goals and strategies particularly for developing countries. Globalisation is driving the nations of the world more into political and economic integration. These integrations are enhanced by a globally interconnected network of economic and communication systems at the apex of which is the Internet. This network of networks thrives on and encourages the expansion of cross-border flows of ideas and information, goods and services, technology and capital. Being an active member of the global network economy is essential to Nigeria’s economic development. It must plug into the network or risk being shut out. The global market network operates by means of rules and standards that are largely set by the dominant players in the network. Data protection is a critical component of the regime of rules and standards that govern the global network economy; it is evolving into an international legal order that transcends geographical boundaries. The EU Directive on data protection is the de facto global standard for data protection; it threatens to exclude non-EU countries without an adequate level of privacy protection from the EU market. More than 50 countries have enacted data protection laws modelled on the EU standard. Access to the huge EU market is a major motivation for the current trend in global harmonisation of domestic data protection laws. This trend provides a compelling reason for examining the issues relating to data protection and trans-border data flows and their implications for Nigeria’s desire to integrate into the global network economy. There are two primary motivations for legislating restrictions on the flow of data across national boundaries. The first is the concern for the privacy of the citizens, and second, securing the economic well-being of a nation. It is important that Nigeria’s privacy protection keeps pace with international norms in the provision of adequate protection for information privacy order to prevent potential impediments to international trading opportunities. / Public, Constitutional, and International / LL. D.

The disclosure of headline earnings is one of the JSE Limited (JSE)’s listing requirements. All listed entities are required to comply with this disclosure requirement. Guidance in the form of The Circular on headline earnings is issued by the South African Institute of Chartered Accountants (SAICA), and is updated every time when there are changes to the International Financial Reporting Standards (IFRS). The Circular adopts a rules-based approach and specifies what is included and excluded in the calculation of headline earnings. The rules consist of general rules, which apply to all entities other than those industry groups with special provisions such as the life insurance entities. This study questions whether a rules-based headline earnings approach or a principles-based approach is more appropriate for the calculation of headline earnings of listed property entities on the JSE, for economic decision-making purposes. The research method consisted of questionnaires that were sent out to stakeholders. The responses from the CFOs and investment analysts show that principles-based headline earnings guidance is preferred over rules-based headline earnings guidance. / Business Management / M. Phil. (Accounting Sciences)