Comparative international accounting

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.

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 A01_NOBE1908_01_SE_FM.indd 5 01/14/16 5:15 PM Part V GROUP ACCOUNTING ISSUES IN REPORTING BY MNEs 16 Group accounting 423 17 Foreign currency translation 443 18 Segment reporting 483 Part VI …