The book critically examines the challenges and significance of classification in financial reporting amidst the evolving international economy. Chris Nobes explores whether establishing a coherent system is feasible or beneficial, analyzing current efforts to organize diverse accounting practices. Revised to address developments in the post-IFRS landscape, it serves as a valuable resource for academics and students in international accounting, as well as professionals in the field.
Provides a guide to understanding and using accounting information.
Comparative International Accounting by Nobes and Parker, now in its eleventh edition, is renowned for its depth of discussion and comparative coverage of the international dimensions of financial accounting and reporting. It uncovers the conceptual and contextual foundations of the increasingly used International Financial Reporting Standards (IFRS) and contrasts them with US generally accepted accounting principles (GAAP). Nobes and Parker examine the key issues inherent in the subject such as transition, harmonization and political lobbying and the international differences that remain. They also look at the special accounting problems of multinational companies. Comparative International Accounting has been extensively revised for the many changes in international accounting since the last edition. New to this edition are: Completely revised chapter on the context of financial reporting by listed groups to include the proposed adoption of IFRS in the United States Expanded Chapter 7 includes information on the practical application of IFRS in Australia and the EU Updated information on the effects of the financial crisis Increased coverage of accounting in China Extended discussion on reporting by private companies (SMEs) Up-to-date coverage of the major changes to IFRS and US GAAP Fully revised chapters on Segment Reporting and on International Financial Analysis Christopher Nobes is Professor of Accounting at Royal Holloway, University of London. From 1993 to 2001 he was a representative on the board of International Accounting Standards Committee. Robert Parker is Emeritus Professor of Accounting at the University of Exeter, UK. He was formerly editor of the journal, Accounting and Business Research. Both authors received the American Accounting Association's 'Outstanding International Accounting Educator' award. Valuable lecturer resources available for download are available at www.pearsoned.co.uk/nobes.
This introductory text is perfect for those with little prior knowledge of financial accounting. Its clear writing style and international focus enhance the learning experience, building on the success of previous editions. The updated content adheres to International Financial Reporting Standards (IFRS), explaining key concepts and practices through contemporary examples from Europe, the US, and beyond. Readers will find the text enjoyable and informative, with easy readability and helpful case studies. New features include comprehensive coverage of ethics, corporate social accounting, creative accounting, and group reporting entities. There is also expanded discussion on revenue recognition and Islamic accounting and finance, along with numerous examples from the European Union and the wider European Economic Area, illustrating specific rules and practices. Each chapter concludes with practice questions and guided solutions, making it ideal for undergraduates and MBA students taking their first course in financial accounting. Valuable online resources for students and lecturers, including additional practice questions and an instructor's manual, are available at the publisher's website. The authors are esteemed professors with extensive backgrounds in accounting and international standards.