The introduction of the CSRD represents the largest regulatory intervention in external reporting in decades. Sustainability statements now have to be issued in accordance with the ESRS, which include numerous Disclosure Requirements and datapoints, and prepared in a standardized,...

Since the release and implementation of SFAS No.141 and No.142, there has been a continuous controversy over whether to apply the impairment-only or the amortisation-and-impairment method for subsequent goodwill accounting. FASB and IASB solicited opinions on proposed revisions through the and...

A comprehensive literature review and analysis of auditing and "fair value accounting (FVA)" growth in Jordan and the "Arab - Middle Eastern (ME)" region are presented in this paper. It determines fair value implementation criteria and their impact on auditing pricing and application status....

Policies, standards, and voluntary initiatives aimed at mobilizing businesses to address the challenges of climate change resides on the foundation of greenhouse gas (GHG) accounting. The existence of multiple, yet similar, standards can create market confusion in deciding which standard to...

At the beginning of the 1990s UK accounting standards were described as a ‘laughing stock’. By the millennium they were widely acclaimed and in some respects world-leading. This paper explores some of the key technical advances in this period, and the political processes employed to secure...

This study, relying on the notion of agency theory that the presence of information asymmetry causes higher agency costs, investigates the impact of accounting disclosure and perceived strength of auditing and reporting standards on perceived corruption. Using data for 71 economies for the...

One of the main objectives of International Financial Reporting Standards (IFRS) is to improve the comparability of financial reports internationally and is a reason jurisdictions abandoned their local GAAP. Contemporaneous comparability is affected by the clarity of the requirements and the...

Industry accounting is a branch of accounting that deals with the processing, analysis, and reporting of financial information in an industrial context. The industrial sector generally involves various types of business entities operating in manufacturing, trading, services, mining, and other...

The extractive industry covers a wide range of activities, including the exploration, production and sale of non-renewable natural resources such as minerals, oil and natural gas. In general, these activities are characterized by a high degree of risk. There is a risk that exploration will not...

The research questions that are solved in this paper are as follows: (1) how the value relevance of accounting information evolved from a developing country perspective and (2) how the accounting reform impacts on value relevance. This study aims to assess the value relevance of accounting...

We use a case study to illustrate how different acquisition methods can result in different amounts of goodwill recognised on financial statements in China. China Merchants Bank adopted a two-step acquisition method: first, it acquired 53% of the shares of Hong Kong's Wing Lung Bank to gain...

Textual data has drawn much research interest in the recent accounting literature. However, there has also been some criticisms about the seeming lack of transparency and hence replicability of how texts are processed and measured. In this paper I aim to have a better understanding of such...

This paper examines whether the level of enforcement shapes the complexity in accounting standards. First, in order to identify the level of complexity in accounting standards, we calculated a new measure that conceptualizes accounting complexity based on the theoretical dimensions of...

Accounting is simply the language of business; like any other field of knowledge, it has its own rules, regulations, and standards, which differ from region to region, country to country, and economy to economy. Having single, universal standards is the dream of many accounting practitioners,...

"This timely Handbook offers a practical guide to understanding the complex world of financial reporting. It depicts how the financial reporting environment is shaped by key players, including standard setters, managers, auditors, and regulators, and how sophisticated users like institutional...

Das Lehrbuch stellt zum einen die Grundlagen der Besteuerung von Gesellschaften systematisch und methodisch anhand einer Vielzahl von ausführlichen Beispielen und Übersichten dar. Zum anderen bietet es Praktiker:innen eine umfassende Darstellung des Gesellschafts-, Bilanz- und Steuerrechts der...

The article deals with the actual problems of implementation of the national provision (standard) of accounting in the public sector 136 “Biological Assets”. The essence of the concept of “biological assets” in various scientific and literary sources was investigated. Different...