Financial accounting and reporting in developing countries: A South African perspective

Oberholster, J.G.I.

doi:10.4102/sajems.v2i2.2575

Cited by 10 publications

(4 citation statements)

References 1 publication

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“…The current set of IFRSs has been based on the Anglo-Saxon (US, UK, Canada and Australia) model and as such, non-Anglo-Saxon countries may apply newly introduced principles differently from Anglo-Saxon countries using their own cultural values and interpreting IFRSs in ways that conform with their old national GAAPs and Company Law requirements. Gray (1988) and Oberholster (1999), maintain that cultural values are a function of various factors such as internal and external influences inherent in each contrasting culture. As discussed in section 7.3 above, trying to force countries to adopt accounting standards by applying the same template has flaws and may not result in their consistent application.…”

Section: Different Interpretations and Applications Of Accountingmentioning

confidence: 99%

Factors impacting on the future of the IASB

Sacho

Oberholster

2008

Meditari Accountancy Research

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This paper investigates the factors influencing the future of the IASB, using as the point of departure, a review of its historical progression towards becoming the global accounting standard-setting authority. It concludes that the IASB is an organisation vulnerable to (1) political lobbying of influential institutions, (2) US accounting authorities decision makers, (3) potential accounting scandals, and (4) cultural differences resulting in the misapplication of its standards around the world. Such factors should be borne in mind when charting the next steps for the IASB and in evaluating the comparability and quality of accounts produced under IFRSs around the world.

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Section: Different Interpretations and Applications Of Accountingmentioning

confidence: 99%

Factors impacting on the future of the IASB

Sacho

Oberholster

2008

Meditari Accountancy Research

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“…First, the United Nations (2008) asserted that in developing countries, compliance with IFRS for SMEs is believed to be more difficult than elsewhere because IASB (the standards setters) did not accommodate the peculiarities of developing countries, in terms of their uniqueness and heterogeneous nature (see Simpson, 2008;Oberholster, 1999).…”

Section: Challenges Of Adoption Of Ifrs For Smes In Nigeriamentioning

confidence: 99%

Financial Reporting for Small and Medium-Sized Enterprises (SMES) In Nigeria: A Review of Literature

Ajekwe¹,

Ibiamke²

2020

IBES

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This paper reviews literature of financial reporting by small and Medium-Sized Enterprises (SMEs) with particular reference to Nigeria. The study justifies the use of International Financial Reporting Standards (IFRS) by Nigerian enterprises. Thereafter, the paper recognises the economic importance of SMEs both globally and in Nigeria. Justification for differential reporting between listed entities and unlisted SMEs was articulated. The paper notes the advantages and challenges related to adopting IFRS for SMEs globally and in Nigeria. It is recommended that further research be undertaken to access empirically the impact and consequences of adopting IFRS for SMEs by unlisted enterprises in Nigeria

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“…Many accounting academics and practitioners who study accounting in formerly colonized countries are taught the "modern and prevailing" technologies and practices of the accounting craft. Hence research on the history of Accounting in Africa either focuses on the accounting professionalism and standard adoption (Boolaky, 2004;Oberholster, 1999), or the antecedent histories of ancient Egyptian and Mesopotamian accounting history (Farag, 2009;Ezzamel, 2009;Akinyemi, Okoye, & Izedonmi, 2015). However as Fourie and Green (2015) observe, Africa has a past that can be shed through the use colonial reports and similar archival records of colonizers.…”

Section: And Intersubjective Levelsmentioning

confidence: 99%

Reflections on the Contributions of Sir Charles Rey to the Development of Financial Control and Accountability in the Bechuanaland Protectorate (1929-1937)

Phatshwane¹

2020

IBES

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This essay examines the diaries of Sir Charles F. Rey, Resident Commissioner of Bechuanaland, covering the years 1929-1937. The paper summarizes and reviews the accounting thoughts, activities and practices during a period of British colonial rule in Bechuanaland Protectorate. It illustrates early accounting and budgetary practices, as well as their role in influencing and shaping political and socio-economic development. The paper reveals that nuances of accounting history are contained in literary and archival documents, and that accounting practitioners and researchers should explore these scripts in order to understanding the introduction and development of accounting in the African continent. It further suggests that Sir Charles Rey’s memoirs show him to be a financial manager and administrator of note, albeit one who used financial management techniques to maintain control over natives, European businesses, and colonial administrators. This notwithstanding, this paper encourages researchers and practitioners to locate accounting history from such writings.

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Financial accounting and reporting in developing countries: A South African perspective

Cited by 10 publications

References 1 publication

Factors impacting on the future of the IASB

Factors impacting on the future of the IASB

Financial Reporting for Small and Medium-Sized Enterprises (SMES) In Nigeria: A Review of Literature

Reflections on the Contributions of Sir Charles Rey to the Development of Financial Control and Accountability in the Bechuanaland Protectorate (1929-1937)

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