International accounting in the 21st century / Aleksei Solovyov and Ilia Kuznetsov, editors.

Contributor(s): Solovyov, Aleksei | Kuznetsov, Ilia
Language: English Series: Business economics in a rapidly-changing world series: Publisher: New York : Nova Science Publishers, c2010Description: 1 online resourceContent type: text Media type: computer Carrier type: online resourceISBN: 9781608760183; 9781611225082Subject(s): Accounting -- Standards -- International cooperationGenre/Form: Electronic books.DDC classification: 657.02/18 LOC classification: HF5611Online resources: Full text available at EBSCOhost Click here to view
Contents:
Ch. 1. Extended Exergy accounting (EEA) of the Dutch society / K.J. Ptasinski and M.J.C. van der Stelt ch. 2. Accounting harmonization and financial pricing models : a review / Javier Gómez-Biscarri and Germán López-Espinosa ch. 3. Quality of accounting information and essence of efficient investor protection mechanisms / George Iatridis ch. 4. Adoption of public accounting plans in Portugal : effect on the comparability and utility of financial reporting / Paula Gomes dos Santos and Manuela Sarmento ch. 5. Management accounting reforms filling the transparency gap in public sector? / Inger Johanne Pettersen ch. 6. Monetary policy strategies associated with market dynamics : a comparison between the European Central Bank, the Bank of England and the Federal Reserve / Bernardina Algieri and Antonio Aquino ch. 7. Title measurement problems in global financial reporting : the need for a stable composite currency / Nikolai V. Hovanov, James W. Kolari and Mikhail V. Sokolov ch. 8. Development of accounting in the history of modern Turkey (from 1923 to 2006) / S. Burak Arzova and Aylin Poroy Arsoy ch. 9. Accounting, cyclicality and financial stability : the South African experience (1990-2007) / T. Bosch, J. Mukuddem-Petersen and M.A. Petersen The artistry of international accounting case pedagogy / Ehsan H. Feroz
Summary: Despite the recent trend towards accounting homogenization across countries, there are still substantial differences worldwide in accounting standards. These differences constitute barriers to the efficient allocation of investment, since they act, for all purposes, an informational transaction costs of informational asymmetries. As a consequence, the very process of international financial integration is affected and slowed down. In particular, cross-country differences in accounting regulations affect the behavior and therefore, the international comparability of accounting-based variables; for example, domestic accounting regulations across the globe differ significantly in the speed of earnings and losses recognition, the intensity of earning smoothing and the accounting and tax treatment of asset revaluation. Thus, two identical companies with exactly the same assets and activities that operated in two countries subject to different accounting standards would present different values of variables such as the book to market ratio, operating earnings, net income, assets, etc. This new important book gathers the latest research from around the world on this topic.
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Includes bibliographical references and index.


Ch. 1. Extended Exergy accounting (EEA) of the Dutch society / K.J. Ptasinski and M.J.C. van der Stelt
ch. 2. Accounting harmonization and financial pricing models : a review / Javier Gómez-Biscarri and Germán López-Espinosa
ch. 3. Quality of accounting information and essence of efficient investor protection mechanisms / George Iatridis
ch. 4. Adoption of public accounting plans in Portugal : effect on the comparability and utility of financial reporting / Paula Gomes dos Santos and Manuela Sarmento
ch. 5. Management accounting reforms
filling the transparency gap in public sector? / Inger Johanne Pettersen
ch. 6. Monetary policy strategies associated with market dynamics : a comparison between the European Central Bank, the Bank of England and the Federal Reserve / Bernardina Algieri and Antonio Aquino
ch. 7. Title measurement problems in global financial reporting : the need for a stable composite currency / Nikolai V. Hovanov, James W. Kolari and Mikhail V. Sokolov
ch. 8. Development of accounting in the history of modern Turkey (from 1923 to 2006) / S. Burak Arzova and Aylin Poroy Arsoy
ch. 9. Accounting, cyclicality and financial stability : the South African experience (1990-2007) / T. Bosch, J. Mukuddem-Petersen and M.A. Petersen
The artistry of international accounting case pedagogy / Ehsan H. Feroz

Despite the recent trend towards accounting homogenization across countries, there are still substantial differences worldwide in accounting standards. These differences constitute barriers to the efficient allocation of investment, since they act, for all purposes, an informational transaction costs of informational asymmetries. As a consequence, the very process of international financial integration is affected and slowed down. In particular, cross-country differences in accounting regulations affect the behavior and therefore, the international comparability of accounting-based variables; for example, domestic accounting regulations across the globe differ significantly in the speed of earnings and losses recognition, the intensity of earning smoothing and the accounting and tax treatment of asset revaluation. Thus, two identical companies with exactly the same assets and activities that operated in two countries subject to different accounting standards would present different values of variables such as the book to market ratio, operating earnings, net income, assets, etc. This new important book gathers the latest research from around the world on this topic.

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