Analyzing the problems with the current adoption of IFRS in the companies among India, China, Germany, Russia and Kenya

Ombati, Robert Mosomi; Shukla, Anita

doi:10.5267/j.ac.2017.3.002

Cited by 4 publications

(1 citation statement)

References 8 publications

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“…In India for instance, the government is yet to set a timeline for acceptance of IPSAS standards (Krishnan, 2016). In an article published by Ombati and Shukla (2018), the authors observed that although accrual disclosures are made in the country's public financial statements, the dominant method is a cash-based accounting. In Pakistan, most of the cash-based accounting is aligned with cash-based IPSAS framework which is applied by the national government.…”

Section: Adoption Of Ipsas In South Asiamentioning

confidence: 99%

Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries

Wang¹,

Miraj²

2018

RWE

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We examined the extent of adoption of the International Public Sector Accounting Standards (IPSAS) in South Asia and the challenges that are decelerating this process. The moderating organization, International Public Sector Accounting Standards Board (IPSAB), instituted IPSAS in an effort to improve financial reporting by public sector organizations and for comparability purposes. The aims of this research were to establish to what extent the IPSAS has been adopted in South Asia and determine the drawbacks contributing to its slow adoption process. To answer the study questions a literature review of the South Asian countries that have adopted the IPSAS was conducted. The study findings show that most of the South Asian nations have adopted the IPSASs though to different extents. Nepal, Bangladesh, Pakistan and Sri Lanka have implemented the IPSAS but taking different approaches and directions, while India still uses the cash based accounting system. The key barriers include; lack of experienced staff, delay in provision of information by the public entities, and lack of a defined implementation timeframe which seem to cut across these countries.

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Section: Adoption Of Ipsas In South Asiamentioning

confidence: 99%

Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries

Wang¹,

Miraj²

2018

RWE

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The History of IFRS in Russia in 1991–2021

Generalova,

Pyatov,

Sokolov

2024

Journal of International Accounting Research

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The authors analyze the trends in the application of IFRS in Russia in the post-Soviet period between 1991 and 2021. The research relies on Russian regulatory legal acts, scientific and professional publications, and the data describing the development of accounting practices in Russia. The study reviews the scale of proactive adoption of IFRS by Russian companies in the 1990s and 2000s. It also evaluates the legal support of the transition to IFRS in Russia, including the legal requirement of IFRS filing for the consolidated financial statements of Russian companies. The article reviews the Russian accounting standards in terms of their compliance with the IFRS. The authors analyze the adoption of IFRS by the public sector as well as by small and medium-size enterprises. The transition to IFRS was a natural response to the key macroeconomic processes that have changed Russia over the past 30 years of its post-Soviet reality. Data Availability: Data are available from the public sources cited in the text. JEL Classifications: M40; M41; M48.

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Varying Levels of Financial and Non-Financial Information Disclosure in the European Union - FSE and BSE Analysis

Tăbîrcă,

Djaouahdou

2024

Valahian Journal of Economic Studies

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This study investigates the varying levels of financial and non-financial information disclosure among firms in the European Union, specifically focusing on the Frankfurt Stock Exchange (FSE) and Bucharest Stock Exchange (BSE). The research uses comprehensive datasets to evaluate the extent and quality of disclosures, assessing their compliance with EU directives and international standards. The analysis incorporates a quantitative method to provide a nuanced understanding of disclosure practices. Key findings highlight significant disparities in disclosure levels between FSEs and BSEs, driven by differences in regulatory environments, market pressures, and organizational characteristics. The study concludes with recommendations for policymakers and corporate managers to enhance transparency and promote uniform disclosure standards across the EU.

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Analyzing the problems with the current adoption of IFRS in the companies among India, China, Germany, Russia and Kenya

Cited by 4 publications

References 8 publications

Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries

Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries

The History of IFRS in Russia in 1991–2021

Varying Levels of Financial and Non-Financial Information Disclosure in the European Union - FSE and BSE Analysis

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