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dc.contributor.authorBorhade, Shivaji-
dc.contributor.authorAlsalim, Munadhil Abd Aljabar-
dc.contributor.authorMohammed, Ali Omer-
dc.identifier.citationBorhade, S., Alsalim, M. A. A., & Mohammed, A. O. (2018). Convergence of IFRS in global accounting system : where do SAARC countries stand for? Journal of Accounting, Finance and Auditing Studies, 4(3), 45-66.en_GB
dc.description.abstractThe International Financial Reporting Standards (IFRS) has become universal financial reporting language as it is currently used by 166 (85%) (out of 195) countries in the Africa, Americas, Europe, Middle East and Asia and Oceana. Similarly, all eight country members of the South Asian Association for Regional Cooperation (SAARC) include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka have accepted IFRS for presentation of financial statements of their public companies. In the era of globalistaion and liberalistion, IFRS are performing mounting significant role in the global accounting system. Therefore, this paper was intended to portray the process of convergence of IFRS in global accounting system and to identify the status of SAARC countries in convergence of IFRS. For this reason, secondary sources and review of literature were taken into consideration. The study demonstrated that IFRS set by International Accounting Standards Board (IASB) adopted by all countries have been altered slightly before accepting. The SAARC countries have also made minor modifications in IFRS and accepted in phased manner. The study concluded that the SAARC countries are facing number of problems that should be resolved for better convergence of IFRS.en_GB
dc.publisherAhmet Gökgözen_GB
dc.subjectFinancial statements -- Standardsen_GB
dc.subjectAccounting -- Standardsen_GB
dc.subjectAccounting -- International cooperationen_GB
dc.subjectGlobalization -- Economic aspectsen_GB
dc.titleConvergence of IFRS in global accounting system : where do SAARC countries stand for?en_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleJournal of Accounting, Finance and Auditing Studiesen_GB
Appears in Collections:Journal of Accounting, Finance and Auditing Studies, Volume 4, Issue 3
Journal of Accounting, Finance and Auditing Studies, Volume 4, Issue 3

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