Accounting in Central and Eastern Europe by Cătălin Albu,Răzvan V. Mustaţă,Shahzad Uddin

By Cătălin Albu,Răzvan V. Mustaţă,Shahzad Uddin

Countries in vital and jap Europe (CEE), such a lot of them former elements of the communist bloc, have suffered diversified impacts over the years. traditionally, the appearance of communism within the Nineteen Fifties has stopped the industrial and political improvement of those international locations. Its fall throughout the past due Eighties and early Nineteen Nineties caused serious adjustments within the fiscal and social surroundings, with profound effects at the international locations' accounting and company versions. The accounting regulatory means of those nations has in general been a public one, even though a few nations additionally concerned deepest region our bodies. With financial and political reforms those international locations at the moment are reforming their accounting platforms with for instance the adoption of foreign Accounting Standards/International monetary Reporting criteria (IFRS). also, the CEE international locations' political will to affix the eu Union pressured the regulators to make sure a excessive point of harmonization with the European...

Show description

Read or Download Accounting in Central and Eastern Europe PDF

Best business development books

Cities, Poverty and Development: Urbanization in the Third World

This learn offers a complete account of 3rd international urbanization. It discusses the evolution of 3rd global citie, the character of city and neighborhood disparities inside of nations, the reasons and styles of rural-urban migration, the constitution of city labour markets and the inability of efficient employment, the city housing marketplace and well known responses to it, city methods of existence and the adaption of migrants, numerous styles of political clash, and present matters in city and local making plans.

Recognising Non-Formal and Informal Learning: Outcomes, Policies and Practices

Even supposing studying usually occurs inside of formal settings and specified environments, loads of invaluable studying additionally happens both intentionally or informally in lifestyle. coverage makers in OECD nations became more and more conscious that non-formal and casual studying represents a wealthy resource of human capital.

Conquering Global Markets: Secrets from the world’s most successful multinationals

Conquering worldwide Markets deals exams of the problems, records, instances, and top practices of mergers, acquisitions, joint ventures and alliances through the international. utilizing info gleaned interviews with CEOs, the e-book presents insights into making international M&As profitable.

Becoming Hewlett Packard: why strategic leadership matters

Invoice Hewlett and Dave Packard invented the version of the Silicon Valley start-up and set in movement a technique of company changing into that made it attainable for HP to remodel itself six instances over the seventy seven years when you consider that its founding within the face of sweeping technological adjustments that felled so much of its rivals through the years.

Additional resources for Accounting in Central and Eastern Europe

Example text

Additionally, the countries’ political will to join the European Union (EU) compelled the national regulators to ensure a high level of harmonisation with the European Directives even before these countries joined the EU, and concluded with their enactment subsequently (for the ones that in the end became full members). Also, CEE economies do not make exception to findings in other emerging economies: a lower level of development of the accounting profession, lower focus on professional judgment, and lesser quality of financial reporting, than in more developed countries.

The second chapter in the issue is Garanina and Kormiltseva (2013), the second empirical chapter selected. The chapter investigates the effect of IFRS adoption on the value relevance of financial reporting in Russia. The authors do not find any evidence of increased value relevance to external users of financial information after IFRS adoption when comparing and evaluating the Russian Accounting Standards and IFRS, across the entire population of firms listed on the Russian financial market. The authors explain this finding by the so-called mock compliance with IFRS undergoing in their sample firms.

2008). This fact suggests that the results found for large firms and low leverage firms are even stronger if we exclude the voluntary adopters. Therefore, the results of firm characteristics are robust to the preference of early IFRS adoption. Table 5. Mean Values of LNASSETS and LEVERAGE for Voluntary and Mandatory IFRS Adopters. CONCLUSIONS AND DISCUSSION The purpose of the study is to present evidence on the IFRS adoption and earnings quality relationship on an emerging country context focusing on firm characteristics.

Download PDF sample

Rated 4.13 of 5 – based on 47 votes