Adoption of IFRSs: A Critical Review

Critically examine the usefulness of financial reporting regulations to Australian reporting entities, and the relevance of Positive Accounting Theory (PAT). Research on another country that has adopted IFRSs in the past 5 years and evaluate the transitional issues, challenges, benefits, and recommend future directions.

Accounting Theory Contemporary Issues

The study reviews the literature review of the UK and Australia associated with the regulatory requirement. It discusses the regulatory environment and involvement of major decision makers, including appropriate legislations. It also highlights the adoption of appropriate legislations and the importance of the regulatory environment through the lens of Regulatory Capture Theory. The perceived problems of IFRS implementation in Australia and the UK are also discussed.

Finance

Political Science

Contemporary Accounting Theory

This study reviews the Australia and United Kingdom regulatory requirements for financial reporting, discussing the functioning of the regulatory environment, progress towards the adoption of IFRS, and regulatory capture theory. The study finds that Australia's AASB is an agency working as per the regulations of the Australian government, while the UK has faced challenges with sluggish endorsement processes. The study also discusses the regulatory capture theory in both countries.

Hartpury University and Hartpury College

The study aims to present the individual regulatory environment which has reflected the perceived difficulties of the “regulatory environment” of the selected countries. The report has also stated that the way regulatory environment operates is dependent on the major decision makers. The main discussion of the study has been related to the legislations applicable. The important aspects of the report have also assessed the “financial regulatory environment” with “Regulatory Capture Theory”. This has been stated with the different elements of the theory and state why this theory is important in the practical implementation. Some of the important learnings of the study has focused on the “characteristics which may indicate the that a regulatory environment might be captured”.

Management Accounting

This report critically analyzes the usefulness of financial reporting regulations to Australian reporting entities and the adoption of IFRS standards. It also discusses the adoption of IFRS in the UAE, transitional issues, challenges, and benefits.

Charles Sturt University

Adoption of IFRS: A Critical Review

This document discusses contemporary issues in accounting, including the international accounting reporting standards, institutional context in accounting, and isomorphism and legitimacy theory in accounting.

Contemporary Issues in Accounting

This report discusses various aspects of International Financial Reporting Standards (IFRS) including its background, adoption, benefits and cost. It also highlights the countries that have adopted IFRS and the benefits of IFRS. The report concludes by discussing the cost of adopting IFRS.

Accounting Theory Contemporary Issues

End of preview

Contemporary Accounting Theory

Contemporary Accounting Theory

Contemporary Accounting Theory

Adoption of IFRS: A Critical Review

Contemporary Issues in Accounting

International Financial Reporting Standards (IFRS): Background, Adoption, Benefits and Cost

Accounting Theory Contemporary Issues

End of preview

Contemporary Accounting Theorylg...

Contemporary Accounting Theorylg...

Contemporary Accounting Theorylg...

Adoption of IFRS: A Critical Reviewlg...

Contemporary Issues in Accountinglg...

International Financial Reporting Standards (IFRS): Background, Adoption, Benefits and Costlg...

Contemporary Accounting Theory

Contemporary Accounting Theory

Contemporary Accounting Theory

Adoption of IFRS: A Critical Review

Contemporary Issues in Accounting

International Financial Reporting Standards (IFRS): Background, Adoption, Benefits and Cost