TY - CHAP
T1 - International convergence of financial reporting
AU - Chand, Parmod
PY - 2024
Y1 - 2024
N2 - The requirement to provide accounting information that is meaningful and comparable across countries has increased the importance of the quest for global convergence of accounting standards and practices. Adopting international financial reporting standards is unquestionably an essential step towards more comparable financial reporting. Chapter 2 reviews the concepts of “harmonisation,” “convergence,” and “compatibility” in accounting practice and outlines the progress in international convergence of financial reporting.
AB - The requirement to provide accounting information that is meaningful and comparable across countries has increased the importance of the quest for global convergence of accounting standards and practices. Adopting international financial reporting standards is unquestionably an essential step towards more comparable financial reporting. Chapter 2 reviews the concepts of “harmonisation,” “convergence,” and “compatibility” in accounting practice and outlines the progress in international convergence of financial reporting.
KW - Accounting convergence
KW - International financial reporting standards
KW - Harmonisation
KW - Compatibility
KW - Future research
UR - https://www.scopus.com/pages/publications/85208892703
UR - https://doi.org/10.4337/9781800889712
U2 - 10.4337/9781800889712.00009
DO - 10.4337/9781800889712.00009
M3 - Chapter
AN - SCOPUS:85208892703
SN - 9781800889705
T3 - Elgar Encyclopedias in Economics and Finance
SP - 7
EP - 13
BT - Encyclopedia of international accounting
A2 - Chand, Parmod
PB - Edward Elgar Publishing
CY - Cheltenham, UK; Northampton, MA
ER -