Comparative International Accounting, 13th edition

  • Christopher Nobes
  • Robert B Parker

Comparative International Accounting

ISBN-13:  9781292081908

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Overview

Now in its 13th edition, Nobes and Parker’s Comparative International Accounting is renowned for its depth of discussion and comparative method of explaining the international dimensions of financial reporting.

 

The book explores the conceptual and contextual foundations of International Financial Reporting Standards (IFRS), contrasting them with US generally accepted accounting principles (US GAAP). It also examines international differences in IFRS practices and the accounting differences that remain between countries such as China, France, Germany and Japan. Particular attention is paid to the key issues of political lobbying, harmonization, and the special accounting problems of multinational companies.

 

This new edition is thoroughly updated for the many changes in accounting and the relevant research published since the 12th edition. Among other things, this includes material on:

  • Convergence of IFRS and US GAAP

  • Adoptions of IFRS in many countries, both developed and developing

  • Extensive new findings about international differences in IFRS practices

  • New requirements for unlisted companies in many countries, sometimes based on IFRS for SMEs

About the authors:

Christopher Nobes is Professor of Accounting at Royal Holloway (University of London) and at the University of Sydney. He is adjunct professor at the Norwegian Business School. From 1993 to 2001 he was a representative on the board of International Accounting Standards Committee.

 

Robert Parker is Emeritus Professor of Accounting at the University of Exeter, UK. He was formerly editor of the journal, Accounting and Business Research.

 

Both authors are recipients of the American Accounting Association’s ‘Outstanding International Accounting Educator’ award.

Table of contents

Contributors xvi

 

Preface xvii

 

Part I SETTING THE SCENE

 

 1 Introduction 3

 2 Causes and examples of international differences 27

 3 International classification of financial reporting 58

 4 International harmonization 89

 

Part II FINANCIAL REPORTING BY LISTED GROUPS USING IFRS OR US GAAP

 

 5 The context of financial reporting by listed groups 119

 6 The requirements of International Financial Reporting Standards 151

 7 Different versions of IFRS practice 186

 8 Financial reporting in the United States 203

 9 Key financial reporting topics 236

10 Political lobbying on accounting standards – US, UK and international experience 267

 

Part III CHINA AND JAPAN

 

11 Financial reporting in China and Japan 303

 

Part IV FINANCIAL REPORTING BY INDIVIDUAL COMPANIES

 

12 The context of financial reporting by individual companies 337

13 Harmonization and transition in Europe 350

14 Making accounting rules for unlisted business enterprises in Europe 372

15 Accounting rules and practices of individual companies in Europe 396

 

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Part V GROUP ACCOUNTING ISSUES IN REPORTING BY MNEs

 

16 Group accounting 423

17 Foreign currency translation 443

18 Segment reporting 483

 

Part VI MONITORING AND ENFORCEMENT

 

19 International auditing 515

20 Enforcement of financial reporting standards 545

Synoptic table of accounting differences in eight GAAPs, 2015 565

 

Glossary of abbreviations 568

Suggested answers to some of the end-of-chapter questions 574

 

Author index 592

Subject index 596

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Published by Pearson Canada (February 17th 2016) - Copyright © 2016