Comparative International Accounting (14^th Ed.)

For undergraduate and postgraduate students taking courses in comparative and international aspects of financial reporting.

Learn the foundational concepts of international financial reporting

Comparative International Accounting, 14th Edition, by Nobes and Parker explores the conceptual and contextual foundations of International Financial Reporting Standards (IFRS), contrasting them with US generally accepted accounting principles (US GAAP). It also examines international differences in IFRS practices and the accounting differences that remain between countries such as China, France, Germany and Japan. Particular attention is paid to the key issues of political lobbying, harmonisation, and the special accounting problems of multinational companies. This book is thoroughly updated for the many changes in accounting and the relevant research published since the 13th edition.

• Part I SETTING THE SCENE
• 1 Introduction
• 2 Causes and examples of international differences
• 3 International classification of financial reporting
• 4 Introduction to international harmonisation
• Part II FINANCIAL REPORTING BY LISTED GROUPS USING IFRS OR US GAAP
• 5 The background to financial reporting by listed groups
• 6 IFRS in context: concepts, presentation and revenue
• 7 IFRS in context: assets and liabilities
• 8 IFRS in context: group accounting
• 9 Different versions of IFRS practice
• 10 Financial reporting in the United States
• 11 Political lobbying on accounting standards: US, UK and international experience
• Part III CHINA AND JAPAN
• 12 Financial reporting in China and Japan
• Part IV FINANCIAL REPORTING BY INDIVIDUAL COMPANIES
• 13 The context of financial reporting by individual companies
• 14 Harmonisation and transition in Europe
• 15 Making accounting rules for unlisted business enterprises in Europe
• 16 Accounting rules and practices of individual companies in Europe
• Part V SPECIAL ISSUES IN REPORTING BY MNEs
• 17 Foreign currency translation
• 18 Segment reporting
• Part VI MONITORING AND ENFORCEMENT
• 19 International auditing
• 20 Enforcement of financial reporting standards
• APPENDICES
• A. Synoptic table of accounting differences in eight GAAPs,
• B. Glossary of abbreviations
• C. Suggested outline answers to some of the end-of-chapter questions
• Author index
• Subject index

Christopher Nobes is Professor of Accounting at Royal Holloway (University of London) and at the University of Sydney. He was a representative on the board of International Accounting Standards Committee from 1993 to 2001.

Robert Parker was formerly Professor of Accounting at the University of Exeter and professorial fellow of the Institute of Chartered Accountants of Scotland. He died shortly after the 13th edition was published in 2016.

Both authors have been recipients of the ‘Outstanding International Accounting Educator’ award by the American Accounting Association and the ‘Distinguished Academic Award’ by the British Accounting and Finance Association.