Harmonisation of Accounting Measurement Practices in the European Community

Don Herrmann · Wayne B. Thomas

97 citations0/0 files storedAccounting and Business Research

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Accounting Theory and Financial Reporting Auditing, Earnings Management, Governance Accounting and Financial Management

Abstract

This study attempts to determine the level of accounting harmonisation in the European Community by examining selected measurement practices from the 1992/93 annual reports of companies from Belgium, Denmark. France, Germany, Ireland, the Netherlands. Portugal and the UK. Harmonisation is tested using the chi-square statistic and measured using the / index. The chi-square statistic tests for the equality of the proportions of accounting measurement methods across countries. The / index measures the extent of concentration around a particular accounting measurement method. The results reveal that accounting for foreign currency translation of assets and liabilities, treatment of translation differences, and inventory valuation are harmonised, while accounting for fixed asset valuation, depreciation, goodwill, research and development costs, inventory costing, and foreign currency translation of revenues and expenses are not harmonised. The results also demonstrate that the extent of harmonisation is greater among fairness oriented countries than among legalistic countries.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 97 citations exist upstream.

References

2004Management International Review 2003Comparative International Accounting 1981Comparative International Accounting 1981International Accounting and Multinational Enterprises 1989Management accounting 2006EUROPEAN ACCOUNTING REVIEW 1990Measuring International Harmonization and Standardization 1988Measuring Harmonisation of Financial Reporting Practice

Cited by

2010Have IFRS made a difference to intra-country financial reporting diversity?2000The Impact of Adopting International Accounting Standards on the Harmonization of Accounting Practices 2001Measurement of harmony of financial reporting within and between countries: the case of the Nordic countries 2010Measuring the convergence of national accounting standards with international financial reporting standards: The application of fuzzy clustering analysis 2004A unified approach to the measurement of international accounting harmony*1999The Impact of Tax Rules on Financial Reporting in Germany, France, and the UK

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.