Mustata, Razvan V. and Matis, Dumitru (2007): MEASUREMENT OF NEED FOR HARMONIZATION BETWEEN NATIONAL ACCOUNTING STANDARDS AND INTERNATIONAL FINANCIAL REPORTING STANDARDS. Published in: Journal of International Business and Economics , Vol. VII, No. 3 (15. October 2007): pp. 23-46.
Download (343kB) | Preview
This study analyzes the quantification methods of the harmonization degree between the national accounting settlements and the international accounting standards. Starting from the presentation of the main methods used for this purpose such as - Euclidean distances, Jaccard’s coefficients, Spearman’s coefficients and other nonparametric methods for rank correlation analysis – we suggest a method of quantification for the need of harmonization between the national accounting standards and the financial reporting international ones. Beyond the certainty of a quantification model foe this need, we analyze in the present study the situation of 33 states selected through reporting at a global level. The main achievement of this study is represented by the concept of pre-formal harmonization and the method to quantify it, strongly connected with the general accepted concepts of formal and material harmonization of accounting.
|Item Type:||MPRA Paper|
|Original Title:||MEASUREMENT OF NEED FOR HARMONIZATION BETWEEN NATIONAL ACCOUNTING STANDARDS AND INTERNATIONAL FINANCIAL REPORTING STANDARDS|
|Keywords:||financial reporting standards, pre-formal harmonization, measurement of harmonization|
|Subjects:||M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting
C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics > C43 - Index Numbers and Aggregation
F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms ; International Business
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
|Depositing User:||Razvan V. Mustata|
|Date Deposited:||09. Dec 2007 16:27|
|Last Modified:||12. Feb 2013 16:11|
Aisbitt, Sally, “Measurement of harmony of financial reporting within and between countries: the case of the Nordic countries”, European Accounting Review, Vol. 10(1), 2001, 51-72 Archer, Simon Delvaille and McLeavy, Stuart, “The measurement of harmonization and the comparability of financial statement items: within-country and between-country effects”, Accounting and Business Research, Vol. 25 (98), Spring, 1995, 67-80. Archer, Simon Delvaille and McLeavy, Stuart, “A statistical model of international accounting harmonization”, Abacus, Vol. 32(1), March, 1996, 1-29. Canibao, Leandro and Araceli, Mora, “Evaluating the statistical Significance of de facto accounting harmonization: a study of European global players”, European Accounting Review, Vol. 9(3), 2000, 349-369 Ding, Yuan, Hope Ole-Kristian, Jeanjean Thomas, Stolowy Herve, “Differences between domestic accounting standards and IAS: measurement, determinants and implications”, Journal of Accounting and Public Policy, Vol. 26, 2007, 1-38. Emenyonu, Emmanuel N., Gray, J. Sidney, “International accounting harmonization and the major developed stock market countries: an empirical study”, International Journal of Accounting, Vol. 31(3), 1996, 226-279. Fontes, Alexandra, Rodrigues, Lucia Lima, Russell, Craig, “Measuring convergence of National Accounting Standards with International Financial Reporting Standards”, Accounting Forum, Vol. 29, 2005, 415-436. Garrido P., Leon A. and Zorio A., “Measurement of formal harmonization progress: the IASC Experience”, International Journal of Accounting, Vol. 37, 2005, 1-26 Herrmann, Don and Thomas, Wayne, “Harmonization of Accounting Measurement Practices in the European Community”, Accounting and Business Research, Vol. 25 (100), 2004, 253 - 265 International Forum for Accountancy Development (IFAD), “Use of IFRSs for reporting by domestic listed and unlisted companies by country and region”, May 2007; http://www.iasplus.com International Monetary Fund, “World Economic Outlook Database”, May 2007; http://www.imf.org International Federation of Accountants, “Membership information”, May 2007; http://www.ifac.org Ionaşcu, Ion, “The Dinamics of Contemporaneity Accounting Doctrine”, Economică, Bucharest, 2003, 93-104 Kranowski W., “Principles of multivariate analysis: a user’s perspective”, Oxford University Press, New York, 2000 Krisement M. Vera, “An approach for measuring the degree of comparability of financial accounting information”, European Accounting Review, Vol. 6(3), 465-485 Lancaster, P. and Tismenetsky, M., “The theory of matrices”, Academic Press, San Diego, 1985 Morris, D. Richard and Parker, R.H., “International harmony measures of accounting policy: comparative statistical properties”, Accounting and Business Research, Vol. 29(1), Winter, 73-86 Nobes, W. Christopher, “Elements in the International Harmonization of Accounting”, Edward Elgar Publishing Limited, USA, 2004, 3-5 Parker, H. Robert and Morris, D. Richard, “The influence of US GAAP on the harmony of accounting measurement policies of large companies in the UK and Australia”, Abacus, Vol. 37(3), October, 297-328 Pierce, A. and Weetman, P., “Measurement of the facto harmonization: implications of non-disclosure for research planning and interpretation”, Accounting and Business Research, Vol. 32(4), 259-273 Rahman, Asheq, Perera, Hector, Ganeshanandam, Siva, “Measurement of formal harmonization in accounting: an exploratory study”, Accounting and Business Research, Vol. 26(4), 1996, 325-339 Rahman, Asheq, Perera Hector, Ganeshanandam Siva, “Accounting practice harmony, accounting regulation and firm characteristics”, Abacus, Vol. 38(1), 2001, 46-75 Street D. and Larson R., “Large accounting firms’ survey reveals emergence of two-standard system in the European Union”, Advances in International Accounting, Vol. 17 , 2005,1-29 Tweedie, David, “Keep it Simple Stupid! Can global standards be principle based?”, The 2007 Ken Spencer Memorial Lecture, May 2007; http://www.iasplus.com UNCTAD, “World Investment Report 2006”, New York and Geneva, 2006 Van der Tas and Leo G., “Measuring Harmonization of Financial Reporting Practice”, Accounting and Business Research, Spring, 1988, 157-169 Weetman P., Jones E.A.E., Adams C.A., Gray S.J., “Profit measurement and UK Accounting standards a case of increasing disharmony in relation to US GAAP and IASs’”, Accounting and Business Research, Vol. 28(3), Summer, 189-208 World Trade Organization, “Statistics Database”, May 2007; http://www.wto.org