Cultural Relevance of Western Accounting Systems to Developing Countries

Baydoun, Nabil; Willett, Roger

doi:10.1111/j.1467-6281.1995.tb00355.x

Cited by 115 publications

(73 citation statements)

References 19 publications

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“…According to this author, a country characterized by an aversion to uncertainty, with a high degree of uniformity, a strong distance to power, and a moderate degree of individualism has a conservative accounting system, based on the social status and taking into account the views of professionals (Azan, 2000). According to Baydoun and Willett (1995), this description corresponds perfectly to the French case.…”

Section: Harmonization Towards a Single Accounting Anglo-saxon Culturementioning

confidence: 73%

Are IFRS Harder to Implement for Emerging Economies Compared to Developed Countries? A Literature Review

Trabelsi¹

2016

JMAA

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In practice, the international accounting harmonization process faces cultural resistance in the concrete situations of accounting reforms. We often tend to believe that this resistance is felt more in the so-called emerging countries, rather than the developed ones. It is precisely this idea that the paper attempts to analyze, based on a literature review. The literature shows that emerging countries do not have the infrastructure or the real needs justifying a reform of international harmonization, except the need to display an IFRS label (Daske, Hail, Leuz, & Verdi, 2007), to facilitate the access of firms from emerging economies to developed financial markets. Moreover, the Anglo-American culture attached to IFRS leads to a difficulty in adopting those standards by any country whose original accounting system is continental. Indeed, for these countries, the process of international harmonization begins with an adaptation to the Anglo-Saxon accounting culture, the latter being different from the continental accounting culture at several levels.

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Section: Harmonization Towards a Single Accounting Anglo-saxon Culturementioning

confidence: 73%

Are IFRS Harder to Implement for Emerging Economies Compared to Developed Countries? A Literature Review

Trabelsi¹

2016

JMAA

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“…O modelo de Gray (1988) tem, inclusivamente, suportado a investigação realizada na área nas últimas décadas (Baydoun & Willett, 1995;Chanchani & Willett, 2004;Doupnik & Riccio, 2006;Tsakumis, 2007;Teixeira & Silva, 2009). …”

Section: Nuno Miguel Barroso Rodrigues Fábio Henrique Ferreira De Alunclassified

Section: Agrupamentos Regionais Como Variável Explicativa Da Culturaunclassified

“…Baydoun & Willett, 1995). De acordo com esta teoria, cada cultura concebe o seu próprio sistema contabilístico que influencia e determina a forma de elaboração do relato financeiro (Baydoun & Willett, 1995). (2004), em consonância com o modelo de Gray (1988), defendem que a cultura, especificamente os valores culturais, exercem influência sobre as escolhas realizadas no âmbito do relato financeiro.…”

Section: Agrupamentos Regionais Como Variável Explicativa Da Culturaunclassified

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As diferenças em torno dos valores culturais: Um estudo empírico a partir de entidades listadas em índices europeus

Rodrigues

Albuquerque

Quirós

et al. 2017

RCC, Rev. Contab. Control.

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ResumoA influência do fator cultural no âmbito da subcultura da Contabilidade é reconhecida pela literatura, que não descura os seus eventuais impactos na comparabilidade do relato financeiro. A presente investigação visa aferir a eventual existência de distintos níveis de valores culturais propostos por Gray (1988) em função de agrupamentos regionais. Adicionalmente, pretende-se testar a existência de uma eventual associação entre os referidos valores culturais. A recolha dos dados foi realizada a partir dos relatórios e contas consolidados anuais, referentes a 2013 e 2014, divulgados pelas entidades cotadas (grupos não financeiros) nos índices bolsistas relativos a mercados financeiros da União Europeia (UE), tendo sido utilizada a análise de conteúdo como metodologia. Após a aplicação de critérios específicos de seleção, a população final deste estudo é constituída por 137 entidades. Os resultados obtidos a partir da aplicação de técnicas de análise não-paramétricas bivariadas sugerem que o conservadorismo distingue-se em função de alguns agrupamentos regionais. Constata-se ainda a existência de uma conexão positiva entre o conservadorismo e o secretismo. Um dos contributos desta investigação consiste, entre outros, na identificação do potencial impacto da cultura sobre o julgamento profissional, mesmo no contexto do avançado processo de harmonização contabilística internacional em curso. Palavras

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“…One of the most important reasons is surely the difference in the legal systems of the different countries but, before that, it is necessary to point out the cultural differences among Italy, Bulgaria, and the United Kingdom, where international accounting standards which are now applied within the European Union originated (for more details on the different environmental factors which form the basis of the discrepancies of the accounting systems, see also Ball, Kothari, & Robin, 2009;Baydoun & Willett, 1995;Bushman & Piotroski, 2006;Doupnik & Richter, 2004;Doupnik & Salter, 1993;Gray, 1988;Hofstede, 1980;Jaggi & Low, 2000;Lamb, 1996;La Porta, Lopez-de-Silanes, Shleifer, & Vishny, 1997;McGee, 2008;Nobes, 1998Nobes, , 2006Perera, 1989;Puxty, Willmott, Cooper, & Lowe, 1987;Saudagaran, 2004;Viganò, 1991;Zysman, 1983). It can be seen that the culture of Mediterranean European and Central European countries has been strongly affected by the Greek and Roman traditions.…”

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confidence: 99%

Business Combinations, Goodwill and Deferred Taxes: Evidences Emerging From a Comparative Analysis Between Italy and Bulgaria

Capodaglio¹,

Semprini²,

Dangarska³

2015

CBR

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The starting point for the research was the evidence of a possible contradiction in the provisions of IAS 12 on goodwill and deferred income taxes, i.e., about the need to calculate deferred income taxation on temporary differences relating to all assets except for goodwill. This paper aims at exploring the degree of consistency between the theoretical provisions of International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS) and their actual application by the management of Italian and Bulgarian listed companies, as regards the accounting treatments of deferred income taxes relating to the item "goodwill". The findings suggest that there are some differences between the accounting methods used by the management of most Italian listed companies and the provisions of IAS/IFRS. It can be argued that the rules given by IAS/IFRS are sometimes contradictory, since they may cause doubts in interpretation. As a consequence, in the end of the paper, an amendment to the provisions, set forth in IAS/IFRS concerning the accounting treatment of deferred income taxes relating to the item "goodwill", is proposed.

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Cultural Relevance of Western Accounting Systems to Developing Countries

Cited by 115 publications

References 19 publications

Are IFRS Harder to Implement for Emerging Economies Compared to Developed Countries? A Literature Review

Are IFRS Harder to Implement for Emerging Economies Compared to Developed Countries? A Literature Review

As diferenças em torno dos valores culturais: Um estudo empírico a partir de entidades listadas em índices europeus

Business Combinations, Goodwill and Deferred Taxes: Evidences Emerging From a Comparative Analysis Between Italy and Bulgaria

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