Harmonization

The International Harmonisation Process of
Accounting Standards

Susanne Fritz
Christina Lämmle

II

Avdelning, Institution
Division, Department

Datum
Date
2003-01-20

Ekonomiska Institutionen
581 83 LINKÖPING
Språk
Language
Svenska/Swedish
X Engelska/English

Rapporttyp
Report category
Licentiatavhandling
Examensarbete

ISBN

C-uppsats
X D-uppsats

Serietitel och serienummer
Title of series, numbering

ISRN International Master Program
Strategy and Culture 2003/3
ISSN

Övrig rapport
____
URL för elektronisk version http://www.ep.liu.se/exjobb/eki/2003/fek/003/ Title

Den internationella harmoniseringsprocessen av redovisningsstandarder
The International harmonisation process of Accounting Standards

Authors

Susanne Fritz and Christina Lämmle

Abstract
Background: Growth in international trade and capital flows has triggered a rising economic integration. Because of these developments there has been an international homogenising effect upon many customs, practices and institutions. In business life it led among other things to a desire to harmonise Accounting Standards among countries.
Purpose: Our purpose is to answer the question: What is the international harmonisation process of Accounting Standards, what is its status quo and how important is the
International Accounting Standard Board (IASB) in it?
Realisation: In order to fulfil this purpose, we have chosen a descriptive approach, which is based on secondary data from textbooks, articles and homepages.
Result: The international harmonisation of Accounting Standards is a process, which brings international Accounting Standards into some sort of agreement, in order to achieve a common set of Accounting principles. 7000 European companies have to use the
International Accounting Standards (IAS) in the European Union (EU), beginning 2005.
The IAS are developed from the IASB. Furthermore, the long existing rejection of IAS of the U.S. seems to change. Co-ordination of agendas of the American standard-setting

References: Achleitner, A. (2000): International-Accounting-Standards: Ein Lehrbuch zur internationalen Rechnungslegung, Franz Vahlen GmbH, München, 2 Arbnor, I.; Bjerke, B. (1997): Methodology for Creating Business Knowledge, Sage Publications, Thousands Oaks, 2nd edition. Ghauri, P.; Gronhaug, K. (2002): Research Methods in Business Studies, Prentice Hall, London. Choi, F.; Frost C.; Gary, K. (2002): International Accounting, Prentice Hall, New Jersey, 4th edition. Choi, F.; Mueller, G. (1992): International Accounting, Prentice Hall, New Jersey, 2nd edition. Dörner, D.; Wollmert, P. (1995): IASC-Rechnungslegung: Beiträge zu aktuellen Problemen, IDW-Verlag GmbH, Düsseldorf. Epstein, B.; Mirza, A. (2001): IAS, Interpretation and Application, John Wiley & Sons, New York. Ghauri P.; Gronhaug, K.; Kristianslund, I. (1995): Research Methods in Business Studies: A practical guide, Prentice Hall, Bodmin. Gräfer, H.; Demming, C. (1994): Internationale Rechnungslegung, Schäfer-Pöschel Verlag, Stuttgart. Gummesson, E. (2000): Qualitative Methods in Management Research, Sage Publications, Inc, Thousand Oaks, 2nd edition. Helgesson, T. (1996): Culture in International Business: an Introduction, Academia Adacta, Lund. Hill, C. (1999): Competing in the Global Marketplace; Irwin McGraw Hill, Boston, 3rd edition. Hofstede, G. (1991): Cultures and Organizations: Software of the Mind, McGraw-Hill Book Company, New York. Howard, K.; Sharp, J. (1983): The Managment of a Student Research Project, Gower Publishing Company Ltd., Aldershot. Johansson, L. (2000): Introduktion till Vetenskapsteorin, AIT Falun AB, Stockholm. Kam, V. (1990): Accounting Theory, John Willey and Sons, New York, 2nd edition. Kirsch H. (2002), Schäfer-Poeschel, Stuttgart, 2nd edition. Naciri, A.; Hoarau C. (2001): A comparative analysis of american and french financial Reporting philosophies: the case for international Accounting Standards, in: Advances in International Accounting, edited by Sale, J; Salter, S; Sharp, D. (2001), Elsevier Sience Ltd, Oxford. Nobes, C.; Parker, R. (2000): Comparative International Accounting, Financial Times – Prentice Hall, Hartlow. Nobes, C. (1999): Towards a General Model of the Reasons for International Differences in Financial Reporting, in: International Accounting and Comparative Financial Reporting, edited by Nobes, C. (1998), Edward Elgar Publishing Limited, Cheltenham. Nobes, C; Mueller, G; Gernon, H; Meek, G. (1997): Accounting an International Perspective, Richard D Nobes, C. (1994): Accounting Harmonisation in Europe: Process, progress and prospects, FT Business Information Ltd, London. North, D. (1990): Institutions, Institutional Change and Economic Performance, Cambridge University Press: Cambridge. Miles, M.; Huberman, A. (1994): Qualitative Data Analysis – An expanded source book, Sage Publications, Inc, Thousands Oaks, 2nd edition. Mueller, G. (1997): Harmonization Efforts in the European Union, in: International Accounting and Finance Handbook, edited by Choi, F Mueller, G.; Gernon, H.; Meek, G. (1991): Accounting – an International Perspective; Richard D Pellens, B.(2001): Internationale Rechnungslegung, Schäffer-Poeschel, Stuttgart, 4th edition. Radebaugh, L.; Daniels, J. (2001): International Business, Environment and Operations, Prentice Hall, London, 9th edition. Radebaugh L.; Gray S. (1997): International Accounting and multinational enterprises, John Wiley and Sons, New York, 4th edition. Remenyi, D.; Williams, B.;Money A.; Swartz E. (1998): Doing Research in Business and Management: An Introduction to Process and Method, SAGE Publications, Roberts, C.; Weetman, P.; Gordon P. (1998): International Financial Accounting – a comparative approach, Financial Times Pitman Publishing, London. Samuels, J.; Piper, A. (1985): International Accounting: A survery, Croom Helm, London. Wolk, H.; Tearney, M.; Dodd, J. (2001): A Conceptual and intestinal Approach: Accounting Theory, South-Western College Publishing, 5th edition. Wollmert, P.; Achleitner A. (2002): Konzeption der IAS: Rechnungslegung, in: Buchheim, R. (2002): IAS Improvements Project, Betriebs-Berater, Heft 28/29, July 2002, pp Cooke, S.; Rivat, L.; Faarborg, M.; Pacter, P. (2001): ACCOUNTING STANDARDS, International Tax Review, , Vol