Comparative International Accounting, 14th Edition, 9781292296463

Comparative International Accounting, 14th Edition

Christopher Nobes / Robert B Parker

For undergraduate and postgraduate students taking courses in comparative and international aspects of financial reporting.

 Learn the foundational concepts of international financial reporting

 Comparative International Accounting, 14th Edition, by Nobes and Parker 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, harmonisation, and the special accounting problems of multinational companies. This book is thoroughly updated for the many changes in accounting and the relevant research published since the 13th edition.

Table of Contents

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

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