publication . Bachelor thesis . 2013

The EU’s Adoption of IFRS and the Implication for China : In the Perspective of Accounting Quality and Information Comparability

Deng, Shufen;
Open Access English
  • Published: 01 Jan 2013
  • Country: Sweden
Abstract
Globalization has led to the growth of international financial markets, as one of the results, the EU adopted IFRS in 2005 to meet the need of accounting globalization and harmonization. This action has triggered a debate about whether the adoption of IFRS is beneficial to accounting quality and information comparability. Meanwhile, China, playing a key role in the global economic development stage, realizes the importance of accounting harmonization and attempts to move towards the IFRS as well. However, to reach the goal that the Chinese companies produce financial statements that are the same as those that apply IFRS, there is still a long way to go. The purp...
Subjects
free text keywords: IFRS, EU, accounting quality, information comparability, earning management, value relevance, timely loss recognition, information asymmetry, cost of capital, analyst forecast accuracy, information transfer, cross-country investment
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