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Comparative International Accounting

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ISBN-10: 0273703579

ISBN-13: 9780273703570

Edition: 9th 2006 (Revised)

Authors: Christopher Nobes, Robert Parker, Robert B. Parker

List price: $136.00
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Description:

Firmly established as the leading text in the field, this new edition ofComparative International Accounting has been fundamentally updated to reflect the changes that are occurring in financial accounting and reporting as a result of the introduction of IFRS.Comparative International Accountingtakes a comprehensive look at the international dimensions of financial accounting and reporting. Whilst the majority of chapters have been written by the book's two main authors, the text includes several contributions from a diverse group of international experts, all of whom are leading practitioners or academics.
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Book details

List price: $136.00
Edition: 9th
Copyright year: 2006
Publisher: Prentice Hall PTR
Binding: Paperback
Pages: 576
Size: 7.25" wide x 9.25" long x 1.25" tall
Weight: 2.530
Language: English

Contributors
Preface
Setting the Scene
Introduction
Contents
Objectives
Differences in financial reporting
The global environment of accounting
The nature and growth of MNEs
Comparative and international aspects of accounting
Structure of this book
Summary
References
Useful websites
Questions
Causes and examples of international differences
Contents
Objectives
Introduction
Culture
Legal systems
Providers of finance
Taxation
Other external influences
The profession
Conclusion on the causes of international differences
Some examples of differences
Summary
References
Further reading
Questions
International classification of financial reporting
Contents
Objectives
Introduction
The nature of classification
Classifications by social scientists
Classifications in accounting
Extrinsic classifications
Intrinsic classifications: 1970s and 1980s
Developments related to the Nobes classification
Further intrinsic classification
Is there an Anglo-Saxon group?
A taxonomy of accounting classifications
Summary
References
Questions
International harmonization
Contents
Objectives
Introduction
Reasons for, obstacles to and measurement of harmonization
The International Accounting Standards Committee
Other international bodies
The International Accounting Standards Board
Summary
References
Useful websites
Questions
Financial Reporting
The context of financial reporting
Contents
Objectives
Introduction
IFRS in the EU
Adoption of, and convergence with, IFRS
Foreign listing and foreign investing
Reconciliations from national rules to US GAAP and IFRS
High-level IFRS/US differences
Reconciliations from IFRS to US GAAP
Convergence of IFRS and US GAAP
Summary
References
Useful websites
Questions
The requirements of International Financial Reporting Standards
Contents
Objectives
Introduction
The conceptual framework and some basic standards
Assets
Liabilities
Group accounting
Disclosures
Summary
References
Further reading
Useful websites
Questions
An outline of the content of International Financial Reporting Standards
Financial reporting in the United States
Contents
Objectives
Introduction
Regulatory framework
Accounting standard-setters
The conceptual framework
Contents of annual reports
Accounting principles
Consolidation
Audit
Differences from IFRS
Summary
References
Further reading
Useful websites
Questions
Enforcement of Financial Reporting Standards
Contents
Objectives
Introduction
Modes and models of enforcement
United States
European Union
Australia
Summary
References
Useful websites
Questions
Political lobbying on Accounting Standards - national and international experience
Contents
Objectives
Introduction
Motivations for political lobbying
Political lobbying up to 1990
US political lobbying from 1990
Political lobbying of the IASC/IASB
Preparer attempts to control the accounting standard-setter
Political lobbying of the FASB's convergence with the IASB
Some concluding remarks
Summary
References
Useful websites
Questions
Harmonization and Transition in Europe and East Asia
Harmonization and transition in Europe
Contents
Objectives
Introduction
Harmonization within the European Union
Transition in Central and Eastern Europe
Poland
Summary
References
Useful websites
Questions
Harmonization and transition in East Asia
Contents
Objectives
Introduction
Japan
China
Summary
References
Further reading
Useful websites
Questions
Financial Reporting
The context of financial reporting
Contents
Objectives
Introduction
Outline of differences between national rules and IFRS or US GAAP
The survival of national rules
Financial reporting, tax and distribution
Special rules for small or unlisted companies
Summary
References
Useful websites
Questions
Making accounting rules for non-listed business enterprises in Europe
Contents
Objectives
Introduction
Who makes accounting rules?
Which business enterprises are subject to accounting rules?
Summary
References
Further reading
Useful websites
Questions
Contents of the Plan comptable general
Financial accounting chart of accounts
Accounting rules and practices of individual companies in Europe
Contents
Objectives
Introduction
France
Germany
United Kingdom
Summary
References
Further reading
Useful websites
Questions
Formats for French financial statements
Formats for German financial statements
Formats for British financial statements
Major Issues in the Financial Reporting of MNEs
Key financial reporting topics
Contents
Objectives
Introduction
Recognition of intangible assets
Asset measurement
Financial instruments
Provisions
Employee benefits
Deferred tax
Revenue recognition
Summary
References
Questions
Consolidation
Contents
Objectives
Introduction
Rate of adoption
The concept of a 'group'
Harmonization from the 1970s onwards
Definitions of group companies
Publication requirements and practices
Techniques of consolidation
Summary
References
Further reading
Questions
Foreign currency translation
Contents
Objectives
Introduction
Translation of transactions
Introduction to the translation of financial statements
The US initiative
The temporal method versus the closing rate method
FAS 52
IAS 21
Translation of the income statement
Accounting for translation gains and losses
Research findings
An alternative to exchange rates?
Summary
References
Further reading
Questions
Segment reporting
Contents
Objectives
What is segment reporting?
The need for segment information
Disclosure regulations
Problems of segment identification
Evidence on the benefits of segment reporting
Summary
References
Questions
Analysis and Management Issues
International financial analysis
Contents
Objectives
Introduction
Understanding differences in accounting
Disclosure practices in international financial reporting
Interpreting financial statements
Financial analysis and the capital market
Summary
References
Questions
International auditing
Contents
Objectives
Introduction
Reasons for the internationalization of auditing
Promulgating international standards
The international audit process
Summary
References
Further reading
Useful websites
Questions
International aspects of corporate income taxes
Contents
Objectives
Introduction
Tax bases
International tax planning
Transfer pricing
Tax systems
Harmonization
Summary
References
Further reading
Useful websites
Questions
Managerial accounting
Contents
Objectives
Introduction
The balanced scorecard as an overview tool
Currency and control
Variances and foreign exchange
Culture and management accounting
Control and performance
Looking forward
Summary
References
Questions
Glossary of abbreviations
Suggested answers to some of the end of chapter questions
Author index
Subject index