Keywords
Citation
(1999), "Measuring the degree of international harmony in selected accounting measurement practices", The Bottom Line, Vol. 12 No. 2. https://doi.org/10.1108/bl.1999.17012baf.007
Publisher
:Emerald Group Publishing Limited
Copyright © 1999, MCB UP Limited
Measuring the degree of international harmony in selected accounting measurement practices
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Measuring the degree of international harmony in selected accounting measurement practices
E.N. Emenyonu and A. Adhikari in Australian Accounting Review (Australia), Nov. 1998 Vol. 8 No. 2: p. 24 (9 pages)
Quantifies the degree of harmonization between accounting standards within the European Union (EU), Japan and the USA. Surveys 413 large companies in France, Germany, the UK, Japan and the USA, regarding how they measure profit and how harmonized their financial reports are, using a Hirschman-Herfindahl concentration index. Finds that EU countries have not harmonized more than others except for the valuation of investments, whereas all five differ in accounting for inventory fixed assets and investments. Identifies less harmony over depreciation and inventory costing, because standards allow many options, yet these are important for measuring assets and profits. Concludes that even in the EU, standards are so flexible that harmony can fluctuate over time.
Subject(s): Accounting standards, Harmonization, European Union
Style: Comparative/evaluation
Reference: 28AC237 (2 credits)