Comparative International Accounting

Now in its twelfth edition, Comparative International Accounting is renowned for its depth of discussion and comparative method of explaining the international dimensions of financial reporting. This text uncovers the conceptual and contextual foundations of International Financial Reporting Standards (IFRSs) and contrasts them with US generally accepted accounting principles (US GAAP). It also examines international differences that remain between countries such as China, France, Germany and Japan, and pays particular attention to the key issues of harmonization, political lobbying and the special accounting problems of multinational companies.Part I: SETTING THE SCENE 1 Introduction 2 Causes and examples of international differences 3 International classification of financial reporting 4 International harmonization Part II: FINANCIAL REPORTING BY LISTED GROUPS USING IFRS OR US GAAP 5 The context of financial reporting by listed groups 6 The requirements of International Financial Reporting Standards 7 Different versions of IFRS practice 8 Financial reporting in the United States 9 Key financial reporting topics 10 Political lobbying on accounting standards -- US, UK, and international experience Part III: CHINA AND JAPAN 11 Financial reporting in China and Japan Part IV: FINANCIAL REPORTING BY INDIVIDUAL COMPANIES 12 The context of financial reporting by individual companies 13 Harmonization and transition in Europe 14 Making accounting rules for unlisted business entities in Europe 15 Accounting rules and practices of individual companies in Europe Part V: GROUP ACCOUNTING ISSUES IN REPORTING BY MNEs 16 Group accounting 17 Foreign currency translation 18 Segment reporting Part VI: ENFORCEMENT AND ANALYSIS 19 Enforcement of financial reporting requirements 20 International auditing 21 International financial analysis Synoptic table of accounting differences in eight GAAPs 2011 Glossary of abbreviations Suggested answers to some of the end-of-chapter questions Author Index Subject Index